The stock of Confluent Inc (NASDAQ:CFLT) last traded at $28.53, down -1.62% from the previous session.
CFLT stock price is now 28.29% away from the 50-day moving average and 8.34% away from the 200-day moving average. The market capitalization of the company currently stands at $9.36B.
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With the price target of $23, Robert W. Baird recently initiated with Neutral rating for Confluent Inc (NASDAQ: CFLT). On August 09, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $25, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, THE VALLEY VIEW TRUST U/ADTD 0, Director bought 100,000 shares of the company’s stock on Nov 13 ’24. The stock was bought for $2,770,000 at an average price of $27.70. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Director THE VISHRIA REVOCABLE TRUST U/ bought 60,000 shares of the business’s stock. A total of $1,662,000 was incurred on buying the stock at an average price of $27.70. A total of 24.77% of the company’s stock is owned by insiders.
During the past 12 months, Confluent Inc has had a low of $17.79 and a high of $35.07. As of last week, the company has a debt-to-equity ratio of 1.19, a current ratio of 4.15, and a quick ratio of 4.15. The fifty day moving average price for CFLT is $22.0737 and a two-hundred day moving average price translates $26.30305 for the stock.
The latest earnings results from Confluent Inc (NASDAQ: CFLT) was released for 2024-09-30. The net profit margin was -38.35% and return on equity was -40.75% for CFLT. The company reported revenue of $250.2 million for the quarter, compared to $200.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.99 percent.
