Confluent Inc (NASDAQ:CFLT) shares traded 2.92% higher at $31.69 on Wall Street last session.
CFLT stock price is now 5.67% away from the 50-day moving average and 20.41% away from the 200-day moving average. The market capitalization of the company currently stands at $10.58B.
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With the price target enhanced from $34 to $38, UBS Upgraded its rating from Neutral to Buy for Confluent Inc (NASDAQ: CFLT). On January 16, 2025, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $33 to quote $30, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Chadwick Jonathan, Director sold 34,375 shares of the company’s stock on Feb 25 ’25. The stock was sold for $1,050,844 at an average price of $30.57. Upon completion of the transaction, the Director now directly owns 22,688 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’25, Officer KONG PHAN bought 760 shares of the business’s stock. A total of $23,134 was incurred on buying the stock at an average price of $30.44. A total of 22.82% 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.
