Analyst Expects Confluent Inc (NASDAQ: CFLT) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, CFLT falls under the Technology sector while operating within the Software – Infrastructure industry segment. The current market capitalization of Confluent Inc is $8.28B. A total of 4.48 million shares were traded on the day, compared to an average of 3.74M shares.

In the most recent transaction, Verbowski Chad sold 8,312 shares of CFLT for 26.76 per share on Jun 20 ’24. After the transaction, the CHIEF TECHNOLOGY OFFICER now owns 510,347 company shares. In a previous transaction on Jun 20 ’24, Sivaram Rohan sold 858 shares at 26.76 per share. CFLT shares that CHIEF FINANCIAL OFFICER owns now total 578,263.

Among the insiders who sold shares, MILLER MATTHEW CRAIG disposed of 25,000 shares on Jun 12 ’24 at a per-share price of $27.77. This resulted in the Director holding 217,804 shares of CFLT after the transaction. In another insider transaction, Schultz Erica sold 63,729 shares at $26.01 per share on Jun 06 ’24. Company shares held by the PRESIDENT, FIELD OPERATIONS now total 697,039.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CFLT has a high of $41.22 and a low of $14.69.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $2.66, while its Total Shareholder’s Equity was $850.28M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 4.37.

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