Is Confluent Inc (NASDAQ: CFLT) Still On The Rise?

After Hours

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Stocks Info

Confluent Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. The current market capitalization of Confluent Inc is $8.93B. A total of 2.9 million shares were traded on the day, compared to an average of 5.32M 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable 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 $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 $Commvault Systems, Inc. per share and a lower estimate of $Catalent, Inc..

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $2.60, while its Total Shareholder’s Equity was $850.28M.

Analysts Opinion

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. 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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