After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Confluent Migration Accelerator Simplifies the Switch to a Complete Data Streaming Platform.
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Stocks Info
The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $32.72 and fluctuated between $33.61 as its day high and $31.77 as its day low. The current market capitalization of Confluent Inc is $10.07B. A total of 5.67 million shares were traded on the day, compared to an average of 5.32M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CFLT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 69 BUYs and 89 SELLs from insiders. Insiders purchased 20,171,086 shares during that period but sold 20,604,259.
In the most recent transaction, Volpi Michelangelo sold 637,268 shares of CFLT for 31.73 per share on Feb 09. After the transaction, the Director now owns 0 company shares. In a previous transaction on Feb 09, Schultz Erica sold 63,729 shares at 31.75 per share. CFLT shares that PRESIDENT, FIELD OPERATIONS owns now total 479,537.
Among the insiders who sold shares, Verbowski Chad disposed of 8,502 shares on Dec 21 at a per-share price of $23.95. This resulted in the Chief Technology Officer holding 409,442 shares of CFLT after the transaction. In another insider transaction, Sivaram Rohan sold 858 shares at $23.95 per share on Dec 21. Company shares held by the Chief Financial Officer now total 326,512.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CFLT in the last 3 months, the mean price target is $33.67 with high estimates of $42.00 and low estimates of $27.00. In terms of 52-week highs and lows, CFLT has a high of $41.22 and a low of $14.69.
As of this writing, CFLT has an earnings estimate of $PennantPark Floating Rate Capit per share for the current quarter. EPS was calculated based on a consensus of Confluent, Inc. estimates, with a high estimate of $FleetCor Technologies, Inc. per share and a lower estimate of $Catalent, Inc.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $2.57, while its Total Shareholder’s Equity was $850.28M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.22.
