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The price of Confluent Inc (NASDAQ: CFLT) closed at $29.09 in the last session, up 1.93% from day before closing price of $28.54. In other words, the price has increased by $1.93 from its previous closing price. On the day, 2.23 million shares were traded. CFLT stock price reached its highest trading level at $29.33 during the session, while it also had its lowest trading level at $28.12.
Ratios:
We take a closer look at CFLT’s different ratios to gain a better understanding of the stock. 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.
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 this company, Evercore ISI on June 11, 2024, initiated with a Outperform rating and assigned the stock a target price of $35.
On May 17, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $37.
Canaccord Genuity Upgraded its Hold to Buy on May 08, 2024, while the target price for the stock was maintained at $35.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 20 ’24 when Verbowski Chad sold 8,312 shares for $26.76 per share. The transaction valued at 222,402 led to the insider holds 510,347 shares of the business.
Sivaram Rohan sold 858 shares of CFLT for $22,957 on Jun 20 ’24. The CHIEF FINANCIAL OFFICER now owns 578,263 shares after completing the transaction at $26.76 per share. On Jun 12 ’24, another insider, MILLER MATTHEW CRAIG, who serves as the Director of the company, sold 25,000 shares for $27.77 each. As a result, the insider received 694,215 and left with 217,804 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 9071017984 and an Enterprise Value of 8451471360. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.28 while its Price-to-Book (P/B) ratio in mrq is 10.92. Its current Enterprise Value per Revenue stands at 10.308 whereas that against EBITDA is -22.011.
Stock Price History:
The Beta on a monthly basis for CFLT is 0.92, which has changed by -0.15065694 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. 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 1.61%, while the 200-Day Moving Average is calculated to be 6.78%.
Shares Statistics:
According to the various share statistics, CFLT traded on average about 3.59M shares per day over the past 3-months and 4028970 shares per day over the past 10 days. A total of 317.83M shares are outstanding, with a floating share count of 233.32M. Insiders hold about 26.59% of the company’s shares, while institutions hold 66.47% stake in the company. Shares short for CFLT as of 1718323200 were 21562880 with a Short Ratio of 6.00, compared to 1715731200 on 17977660. Therefore, it implies a Short% of Shares Outstanding of 21562880 and a Short% of Float of 8.92.
