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In the latest session, Confluent Inc (NASDAQ: CFLT) closed at $29.42 down -5.19% from its previous closing price of $31.03. In other words, the price has decreased by -$5.19 from its previous closing price. On the day, 3.73 million shares were traded. CFLT stock price reached its highest trading level at $31.3 during the session, while it also had its lowest trading level at $29.355.
Ratios:
For a deeper understanding of Confluent Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.97 and its Current Ratio is at 4.97. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.30.
On February 21, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $40.
On January 30, 2024, Loop Capital started tracking the stock assigning a Hold rating and target price of $23.Loop Capital initiated its Hold rating on January 30, 2024, with a $23 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 10 ’24 when Liu Ying Christina sold 4,000 shares for $29.97 per share. The transaction valued at 119,881 led to the insider holds 168,338 shares of the business.
Liu Ying Christina sold 68,000 shares of CFLT for $2,112,080 on May 09 ’24. The CHIEF ACCOUNTING OFFICER now owns 168,338 shares after completing the transaction at $31.06 per share. On May 09 ’24, another insider, Schultz Erica, who serves as the PRESIDENT, FIELD OPERATIONS of the company, sold 63,729 shares for $31.00 each. As a result, the insider received 1,975,599 and left with 706,715 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CFLT now has a Market Capitalization of 9350706176 and an Enterprise Value of 8556356608. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.39 while its Price-to-Book (P/B) ratio in mrq is 11.04. Its current Enterprise Value per Revenue stands at 10.436 whereas that against EBITDA is -22.285.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $41.22, while it has fallen to a 52-week low of $14.69. The 50-Day Moving Average of the stock is -2.61%, while the 200-Day Moving Average is calculated to be 4.77%.
Shares Statistics:
For the past three months, CFLT has traded an average of 4.48M shares per day and 4517120 over the past ten days. A total of 317.34M shares are outstanding, with a floating share count of 234.05M. Insiders hold about 26.96% of the company’s shares, while institutions hold 63.97% stake in the company. Shares short for CFLT as of 1714435200 were 18371048 with a Short Ratio of 4.10, compared to 1711584000 on 19852262. Therefore, it implies a Short% of Shares Outstanding of 18371048 and a Short% of Float of 7.6.
