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Tuesday, September 26, 2023

Is Confluent Inc. (NASDAQ: CFLT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Confluent Inc. (CFLT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.16, or 0.48%, to $33.25. The Confluent Inc. has recorded 2,690,222 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Confluent to Present at Upcoming Investor Conferences.

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Stocks Info

CFLT belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $33.09 and fluctuated between $33.70 as its day high and $32.51 as its day low. The current market capitalization of Confluent Inc. is $9.99B. A total of 11.75 million shares were traded on the day, compared to an average of 4.30M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CFLT has seen 27 BUY and 26 SELL insider trades, representing the acquisition of 5,598,320 and the disposition of 5,579,350 shares. Over the last 12 months, there were 129 BUYs and 131 SELLs from insiders. Insiders purchased 39,855,326 shares during that period but sold 40,327,554.

In the most recent transaction, Verbowski Chad sold 8,745 shares of CFLT for 32.14 per share on Aug 22. After the transaction, the Chief Technology Officer now owns 435,322 company shares. In a previous transaction on Aug 22, Sivaram Rohan sold 3,923 shares at 32.14 per share. CFLT shares that Chief Financial Officer owns now total 170,967.

Among the insiders who sold shares, Liu Ying Christina disposed of 3,597 shares on Aug 22 at a per-share price of $32.14. This resulted in the Chief Accounting Officer holding 131,921 shares of CFLT after the transaction. In another insider transaction, Buscemi Stephanie sold 3,342 shares at $32.14 per share on Aug 22. Company shares held by the Chief Marketing Officer now total 114,177.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CFLT in the last 3 months, the mean price target is $39.38 with high estimates of $45.00 and low estimates of $30.00. In terms of 52-week highs and lows, CFLT has a high of $41.22 and a low of $16.60.

As of this writing, CFLT has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.02 per share and a lower estimate of -$0.04. The company reported an EPS of -$0.09 in the last quarter, which was 35.70% higher than expectations of -$0.14.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CFLT’s latest balance sheet shows that the firm has $2.02B in Cash & Short Term Investments as of fiscal 2021. There were $1.12B in debt and $348.19M in liabilities at the time. Its Book Value Per Share was $2.56, while its Total Shareholder’s Equity was $850.28M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CFLT is Buy with a score of 4.17.

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