Stocks of Confluent Inc (NASDAQ:CFLT) traded higher last session on Wall Street, down -6.52% to $19.28.
CFLT stock price is now -28.61% away from the 50-day moving average and -27.95% away from the 200-day moving average. The market capitalization of the company currently stands at $6.12B.
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With the price target of $35, Evercore ISI recently initiated with Outperform rating for Confluent Inc (NASDAQ: CFLT). On May 17, 2024, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $37, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, YING LIU, Officer bought 25,000 shares of the company’s stock on Jul 31 ’24. The stock was bought for $625,000 at an average price of $25.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 26 ’24, Officer YING LIU bought 25,000 shares of the business’s stock. A total of $626,500 was incurred on buying the stock at an average price of $25.06. A total of 26.48% of the company’s stock is owned by insiders.
During the past 12 months, Confluent Inc has had a low of $14.69 and a high of $38.19. As of last week, the company has a debt-to-equity ratio of 1.27, a current ratio of 4.35, and a quick ratio of 4.35. The fifty day moving average price for CFLT is $26.7685 and a two-hundred day moving average price translates $26.70895 for the stock.
The latest earnings results from Confluent Inc (NASDAQ: CFLT) was released for 2024-06-30. The net profit margin was -42.70% and return on equity was -45.21% for CFLT. The company reported revenue of $234.99 million for the quarter, compared to $189.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.14 percent.
