In recent trading session, Confluent Inc (NASDAQ:CFLT) saw 0.77 million shares changing hands at last check today with its beta currently measuring 0.99. Company’s recent per share price level of $26.50 trading at $0.7 or 2.71% at last check today assigns it a market valuation of $8.85B. That most recent trading price of CFLT’s stock is at a discount of -43.02% from its 52-week high price of $37.90 and is indicating a premium of 32.87% from its 52-week low price of $17.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.97 million shares which gives us an average trading volume of 5.64 million if we extend that period to 3-months.
For Confluent Inc (CFLT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.70. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.07 in the current quarter.
Confluent Inc (NASDAQ:CFLT) trade information
Upright in the green today for gaining 2.71%, in the last five days CFLT remained trading in the red while hitting it’s week-highest on Wednesday, 03/12/25 when the stock touched $26.50 price level, adding 2.54% to its value on the day. Confluent Inc’s shares saw a change of -5.22% in year-to-date performance and have moved -0.41% in past 5-day. Confluent Inc (NASDAQ:CFLT) showed a performance of -29.61% in past 30-days. Number of shares sold short was 15.45 million shares which calculate 2.11 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 29.5 to the stock, which implies a rise of 10.17% to its recent value today. Analysts have been projecting 25 as a low price target for the stock while placing it at a high target of 37. It follows that stock’s current price would jump 5.66% in reaching the projected high whereas dropping to the targeted low would mean a gain of 5.66% for stock’s current value.
Confluent Inc (CFLT) estimates and forecasts
This year revenue growth is estimated to rise 20.80% from the last financial year’s standing.
29 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 264.45M for the same. And 29 analysts are in estimates of company making revenue of 278.86M in the next quarter. Company posted 217.24M and 234.99M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -23.27% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 23.62% while estimates for its earnings growth in next 5 years are of 36.56%.
Confluent Inc (NASDAQ:CFLT)’s Major holders
Insiders are in possession of 3.49% of company’s total shares while institution are holding 85.77 percent of that, with stock having share float percentage of 88.87%. Investors also watch the number of corporate investors in a company very closely, which is 85.77% institutions for Confluent Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CFLT for having 31.11 million shares of worth $918.67 million. And as of 2024-06-30, it was holding 9.9011 of the company’s outstanding shares.
The second largest institutional holder is JPMORGAN CHASE & CO, which was holding about 23.51 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3597 of outstanding shares, having a total worth of $694.19 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024, the former fund manager was holding 6.9 shares of worth $183.23 million or 2.53% of the total outstanding shares. The later fund manager was in possession of 5.59 shares on Dec 31, 2024, making its stake of worth around $148.4 million in the company or a holder of 2.05% of company’s stock.
