The price of Confluent Inc (NASDAQ:CFLT) shares last traded on Wall Street fell -2.08% to $32.54.
CFLT stock price is now 8.15% away from the 50-day moving average and 23.82% away from the 200-day moving average. The market capitalization of the company currently stands at $10.87B.
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With the price target reduced from $33 to $30, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Confluent Inc (NASDAQ: CFLT). On September 04, 2024, Robert W. Baird recently initiated its ‘Neutral’ rating on the stock quoting a target price of $23, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, EDWARD JAY KREPS, Director bought 232,500 shares of the company’s stock on Feb 20 ’25. The stock was bought for $7,725,975 at an average price of $33.23. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’25, Director Volpi Michelangelo sold 25,000 shares of the business’s stock. A total of $905,379 was realized by selling the stock at an average price of $36.22. This leaves the insider owning 292,079 shares of the company worth $9.5 million. A total of 22.89% 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 $37.90. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 3.91, and a quick ratio of 3.91.
The net profit margin was -35.81% and return on equity was -38.95% for CFLT. The company reported revenue of $261.22 million for the quarter, compared to $213.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.53 percent.
