Confluent Inc (NASDAQ:CFLT)’s traded shares stood at 3.15 million during the last session, with the company’s beta value hitting 0.95. At the close of trading, the stock’s price was $26.62, to imply a decrease of -2.31% or -$0.63 in intraday trading. The CFLT share’s 52-week high remains $37.90, putting it -42.37% down since that peak but still an impressive 33.17% since price per share fell to its 52-week low of $17.79. The company has a valuation of $8.89B, with an average of 6.4 million shares in intraday trading volume over the past 10 days and average of 5.62 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Confluent Inc (CFLT), translating to a mean rating of 1.70. Of 11 analyst(s) looking at the stock, 0 analyst(s) give CFLT a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.07.
Confluent Inc (NASDAQ:CFLT) trade information
After registering a -2.31% downside in the last session, Confluent Inc (CFLT) has traded red over the past five days. The 5-day price performance for the stock is 3.18%, and -19.89% over 30 days. With these gigs, the year-to-date price performance is -4.79%. Short interest in Confluent Inc (NASDAQ:CFLT) saw shorts transact 15.45 million shares and set a 2.11 days time to cover.
The extremes give us $25 and $37 for target low and target high price respectively. As such, CFLT has been trading -38.99% off suggested target high and 6.09% from its likely low.
Confluent Inc (CFLT) estimates and forecasts
The rating firms project that company’s revenue will grow 20.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 29 analysts is 264.45M. Meanwhile, for the current quarter, a total of 29 analyst(s) estimate revenue growth to 278.86M.Earnings reports from the last fiscal year show that sales brought in 217.24M and 234.99M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 21.73% before jumping 18.67% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -23.27% for the past 5-year period. While 2025 is set for a 23.62% return in earnings, projections for the next 5 years are at 36.56% annually.
CFLT Dividends
Confluent Inc has its next earnings report out on 2025-Feb-10. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Confluent Inc (NASDAQ:CFLT)’s Major holders
Confluent Inc insiders hold 3.56% of total outstanding shares, with institutional holders owning 85.89% of the shares at 89.06% float percentage. In total, 85.89% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 31.11 million shares (or 9.9011% of shares), all amounting to roughly $918.67 million.
The next major institution holding the largest number of shares is JPMORGAN CHASE & CO with 23.51 million shares, or about 7.3597% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $694.19 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Confluent Inc (CFLT) shares. Going by data provided on Dec 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 6.9 shares. This is just over 2.53% of the total shares, with a market valuation of $183.64 million. Data from the same date shows that the other fund manager holds a little less at 5.59, or 2.05% of the shares, all valued at about 148.74 million.
