Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Confluent Inc (NASDAQ: CFLT) closed at $29.17 up 0.73% from its previous closing price of $28.96. In other words, the price has increased by $0.73 from its previous closing price. On the day, 2.85 million shares were traded.
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 4.15 and its Current Ratio is at 4.15. In the meantime, Its Debt-to-Equity ratio is 1.19 whereas as Long-Term Debt/Eq ratio is at 1.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on January 16, 2025, Downgraded its rating to Equal-Weight and sets its target price to $30 from $33 previously.
On September 04, 2024, Robert W. Baird started tracking the stock assigning a Neutral rating and target price of $23.
JP Morgan Upgraded its Neutral to Overweight on August 09, 2024, while the target price for the stock was maintained at $25.
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 Dec 20 ’24 when Phan Kong sold 3,947 shares for $28.74 per share. The transaction valued at 113,437 led to the insider holds 179,939 shares of the business.
Narkhede Neha sold 186,300 shares of CFLT for $5,710,300 on Dec 13 ’24. The Director now owns 20,247 shares after completing the transaction at $30.65 per share. On Dec 12 ’24, another insider, Phan Kong, who serves as the Chief Accounting Officer of the company, sold 12,460 shares for $31.30 each. As a result, the insider received 389,951 and left with 183,886 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 10.45 while its Price-to-Book (P/B) ratio in mrq is 10.22.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $35.07, while it has fallen to a 52-week low of $17.79. The 50-Day Moving Average of the stock is -2.02%, while the 200-Day Moving Average is calculated to be 12.05%.
Shares Statistics:
A total of 257.42M shares are outstanding, with a floating share count of 247.28M. Insiders hold about 24.61% of the company’s shares, while institutions hold 69.15% stake in the company.
