Momentum Is Strong For Confluent Inc (NASDAQ: CFLT)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Confluent Announces General Availability of Confluent Cloud for Apache Flink®, Simplifying Stream Processing to Power Next-Gen Apps.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. The current market capitalization of Confluent Inc is $10.00B. A total of 3.11 million shares were traded on the day, compared to an average of 5.42M shares.

In the most recent transaction, Caimi Lara sold 46,875 shares of CFLT for 31.90 per share on Mar 11 ’24. After the transaction, the Director now owns 5,399 company shares. In a previous transaction on Mar 08 ’24, Schultz Erica sold 63,729 shares at 33.03 per share. CFLT shares that PRESIDENT, FIELD OPERATIONS owns now total 706,715.

Among the insiders who sold shares, Kreps Edward Jay disposed of 232,500 shares on Mar 06 ’24 at a per-share price of $33.65. This resulted in the CHIEF EXECUTIVE OFFICER holding 452,488 shares of CFLT after the transaction. In another insider transaction, Schultz Erica sold 63,729 shares at $33.91 per share on Mar 01 ’24. Company shares held by the PRESIDENT, FIELD OPERATIONS now total 706,715.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $0.02 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $0.06 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $2.60, while its Total Shareholder’s Equity was $850.28M.

Analysts Opinion

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. 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 4.25.

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