Confluent Inc (NASDAQ:CFLT) has a beta value of 0.98 and has seen 1.13 million shares traded in the recent trading session. The company, currently valued at $8.21B, closed the recent trade at $24.13 per share which meant it gained $0.87 on the day or 3.74%% during that session. The CFLT stock price is -57.07% off its 52-week high price of $37.90 and 26.27% above the 52-week low of $17.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.87 million shares traded. The 3-month trading volume is 5.82 million shares.
The consensus among analysts is that Confluent Inc (CFLT) is Buy stock at the moment, with a recommendation rating of 1.66. 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.
Confluent Inc (NASDAQ:CFLT) trade information
Sporting 3.74%% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CFLT stock price touched $24.13 or saw a rise of 0.7%. Year-to-date, Confluent Inc shares have moved -10.36%, while the 5-day performance has seen it change 1.94%. Over the past 30 days, the shares of Confluent Inc (NASDAQ:CFLT) have changed 10.23%. Short interest in the company has seen 19.14 million shares shorted with days to cover at 2.52.
Wall Street analysts have a consensus price target for the stock at $36, which means that the shares’ value could jump 32.97% from the levels at last check today.. The projected low price target is $36.0 while the price target rests at a high of $36.0. In that case, then, we find that the latest price level in today’s session is -49.19% off the targeted high while a plunge would see the stock gain -49.19% from the levels at last check today..
Confluent Inc (CFLT) estimates and forecasts
The company’s shares have lost -18.09% over the past 6 months.
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 25.73% while over the next 5 years, the company’s earnings are expected to increase by 31.92%.
CFLT Dividends
Confluent Inc is expected to release its next earnings report on 2025-Apr-30 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
Insiders own 3.62% of the company shares, while shares held by institutions stand at 90.91% with a share float percentage of 94.32%. Investors are also buoyed by the number of investors in a company, with Confluent Inc having a total of 561.0 institutions that hold shares in the company. 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 9.7395% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . As of Mar 31, 2025 , the former fund manager holds about 2.71% shares in the company for having 7.76 shares of worth $187.79 million while later fund manager owns 6.13 shares of worth $148.34 million as of Mar 31, 2025 , which makes it owner of about 2.14% of company’s outstanding stock.
