Confluent Inc (NASDAQ:CFLT) has a beta value of 1.01 and has seen 2.48 million shares traded in the recent trading session. The company, currently valued at $8.06B, closed the recent trade at $24.14 per share which meant it lost -$0.26 on the day or -1.08% during that session. The CFLT stock price is -57.0% off its 52-week high price of $37.90 and 26.3% above the 52-week low of $17.79.
The consensus among analysts is that Confluent Inc (CFLT) is Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 11 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.07.
Confluent Inc (NASDAQ:CFLT) trade information
Sporting -1.08% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CFLT stock price touched $24.14 or saw a rise of 26.02%. Year-to-date, Confluent Inc shares have moved -13.68%, while the 5-day performance has seen it change -19.06%. Over the past 30 days, the shares of Confluent Inc (NASDAQ:CFLT) have changed -19.60%.
Wall Street analysts have a consensus price target for the stock at $29.5, which means that the shares’ value could jump 18.17% from the levels at last check today. The projected low price target is $25.0 while the price target rests at a high of $37.0. In that case, then, we find that the latest price level in today’s session is -53.27% off the targeted high while a plunge would see the stock gain -3.56% from the levels at last check today.
Confluent Inc (CFLT) estimates and forecasts
The company’s shares have gained 23.14% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 20.80%.
29 analysts offering their estimates for the company have set an average revenue estimate of 264.45M for the current quarter. 29 have an estimated revenue figure of 278.86M for the next ending quarter. Year-ago sales stood 217.24M and 234.99M respectively for this quarter and the next, and analysts expect sales will grow by 21.73% for the current quarter and 20.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -23.27% over the past 5 years. Earnings growth for 2025 is a modest 23.62% while over the next 5 years, the company’s earnings are expected to increase by 36.56%.
CFLT Dividends
Confluent Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Confluent Inc (NASDAQ:CFLT)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 31.11 million shares worth more than $918.67 million. As of 2024-06-30, BLACKROCK INC. held 9.9011% of shares outstanding.
The other major institutional holder is JPMORGAN CHASE & CO, with the holding of over 23.51 million shares as of 2024-06-30. The firm’s total holdings are worth over $694.19 million and represent 7.3597% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Dec 31, 2024, the former fund manager holds about 2.53% shares in the company for having 6.9 shares of worth $168.88 million while later fund manager owns 5.59 shares of worth $136.78 million as of Dec 31, 2024, which makes it owner of about 2.05% of company’s outstanding stock.
