Make Sure You Stick With Confluent Inc (CFLT). It’s Bull Time Again

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. Most recently, Yahoo Finance reported about the stock as it publicized that Confluent Named a Google Cloud Partner of the Year for the Fifth Time.

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Stocks Info

CFLT belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. The current market capitalization of Confluent Inc is $9.38B. A total of 2.13 million shares were traded on the day, compared to an average of 5.33M shares.

In the most recent transaction, Verbowski Chad sold 8,086 shares of CFLT for 31.20 per share on Mar 20 ’24. After the transaction, the CHIEF TECHNOLOGY OFFICER now owns 532,072 company shares. In a previous transaction on Mar 20 ’24, Sivaram Rohan sold 588 shares at 31.20 per share. CFLT shares that CHIEF FINANCIAL OFFICER owns now total 600,166.

Among the insiders who sold shares, Liu Ying Christina disposed of 407 shares on Mar 20 ’24 at a per-share price of $31.20. This resulted in the CHIEF ACCOUNTING OFFICER holding 168,338 shares of CFLT after the transaction. In another insider transaction, Caimi Lara sold 46,875 shares at $31.90 per share on Mar 11 ’24. Company shares held by the Director now total 5,399.

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. 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

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 $2.60, 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 4.25.

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