In the last trading session, 3.81 million shares of the Confluent Inc (NASDAQ:CFLT) were traded, and its beta was 0.94. Most recently the company’s share price was $26.89, and it changed around -$0.41 or -1.50% from the last close, which brings the market valuation of the company to $8.98B. CFLT currently trades at a discount to its 52-week high of $37.90, offering almost -40.94% off that amount. The share price’s 52-week low was $17.79, which indicates that the current value has risen by an impressive 33.84% since then. We note from Confluent Inc’s average daily trading volume that its 10-day average is 4.84 million shares, with the 3-month average coming to 5.66 million.
Confluent Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.70. If we narrow it down even further, the data shows that 0 out of 34 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 7 recommended CFLT as a Hold, whereas 19 deemed it a Buy, and 1 rated it as Underweight. Confluent Inc is expected to report earnings per share of 0.07 for the current quarter.
Confluent Inc (NASDAQ:CFLT) trade information
Instantly CFLT has showed a red trend with a performance of -1.50% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 27.71 on recent trading dayincreased the stock’s daily price by 2.96%. The company’s shares are currently down -3.83% year-to-date, but still up 2.01% over the last five days. On the other hand, Confluent Inc (NASDAQ:CFLT) is -13.51% down in the 30-day period. We can see from the shorts that 15.45 million shares have been sold at a short interest cover period of 2.11 day(s).
The consensus price target as assigned by Wall Street analysts is $31, which translates to bulls needing to increase their stock price by 13.26% from its current value. Analyst projections state that CFLT is forecast to be at a low of $25 and a high of $37.
Confluent Inc (CFLT) estimates and forecasts
The year-over-year growth rate is expected to be 20.80%, up from the previous year.
Consensus estimates provided by 29 financial analysts predict the company will bring in an average of 264.45M in revenue for the current quarter. 29 analysts expect Confluent Inc to make 278.86M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 217.24M and 234.99M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.73%. Forecasts for the next quarter put sales growth at 18.67%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -23.27%. Confluent Inc earnings are expected to increase by 23.62% in 2025, but the outlook is positive 36.56% per year for the next five years.
CFLT Dividends
Confluent Inc’s next quarterly earnings report is expected to be released on 2025-Feb-10.
Confluent Inc (NASDAQ:CFLT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.56% of Confluent Inc shares, and 85.88% of them are in the hands of institutional investors. The stock currently has a share float of 89.06%. Confluent Inc stock is held by 539.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 9.7395% of the shares, which is about 31.11 million shares worth $918.67 million.
JPMORGAN CHASE & CO, with 7.3597% or 23.51 million shares worth $694.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 6.9 shares worth $185.5 million, making up 2.53% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 5.59 shares worth around $150.25 million, which represents about 2.05% of the total shares outstanding.
