In the latest trading session, 0.38 million Confluent Inc (NASDAQ:CFLT) shares changed hands as the company’s beta touched 0.95. With the company’s most recent per share price at $26.27 changed hands at -$0.93 or -3.42% at last look, the market valuation stands at $8.77B. CFLT’s current price is a discount, trading about -44.27% off its 52-week high of $37.90. The share price had its 52-week low at $17.79, which suggests the last value was 32.28% up since then. When we look at Confluent Inc’s average trading volume, we note the 10-day average is 7.75 million shares, with the 3-month average coming to 5.67 million.
Analysts gave the Confluent Inc (CFLT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.70. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CFLT as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Confluent Inc’s EPS for the current quarter is expected to be 0.07.
Confluent Inc (NASDAQ:CFLT) trade information
Instantly CFLT was in red as seen in intraday trades today. With action 3.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.04%, with the 5-day performance at 3.02% in the green. However, in the 30-day time frame, Confluent Inc (NASDAQ:CFLT) is -24.62% down. Looking at the short shares, we see there were 15.45 million shares sold at short interest cover period of 2.11 days.
The consensus price target for the stock as assigned by Wall Street analysts is 28, meaning bulls need an upside of 6.18% from its recent market value. According to analyst projections, CFLT’s forecast low is 25 with 37 as the target high. To hit the forecast high, the stock’s price needs a -40.85% plunge from its current level, while the stock would need to tank 4.83% for it to hit the projected low.
Confluent Inc (CFLT) estimates and forecasts
Year-over-year growth is forecast to reach 20.80% up from the last financial year.
Consensus estimates given by 29 financial analysts project the company’s revenue in the current quarter to hit an average of 264.45M. 29 analysts are of the opinion that Confluent Inc’s revenue for the current quarter will be 278.86M. The company’s revenue for the corresponding quarters a year ago was 217.24M and 234.99M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.73%. The estimates for the next quarter sales put growth at 18.67%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -23.27%. The 2025 estimates are for Confluent Inc earnings to increase by 23.62%, but the outlook for the next 5-year period is at 36.56% per year.
Confluent Inc (NASDAQ:CFLT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.56% of Confluent Inc shares while 85.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.94%. There are 85.77% institutions holding the Confluent Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 9.9011% of the shares, roughly 31.11 million CFLT shares worth $918.67 million.
JPMORGAN CHASE & CO holds the second largest percentage of outstanding shares, with 7.3597% or 23.51 million shares worth $694.19 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 6.9 shares estimated at $180.47 million under it, the former controlled 2.53% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.05% of the shares, roughly 5.59 shares worth around $146.17 million.
