2 weeks Ago By Defense World Staff
Confluent, Inc. ( NASDAQ:CFLT – Get Free Report ) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 18,630,000 shares, a decline of 13.
5% from the August 31st total of 21,530,000 shares. Based on an average trading volume of 4,230,000 shares, the short-interest ratio is presently 4.4 days.
Currently, 7.8% of the company’s shares are short sold. Insider Buying and Selling at Confluent In other news, insider Erica Schultz sold 9,556 shares of the firm’s stock in a transaction dated Tuesday, August 20th.
The shares were sold at an average price of $21.68, for a total value of $207,174.08.
Following the completion of the sale, the insider now owns 687,483 shares in the company, valued at approximately $14,904,631.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .
In other Confluent news, Director Lara Caimi sold 9,375 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $20.01, for a total value of $187,593.
75. Following the sale, the director now owns 7,160 shares in the company, valued at $143,271.60.
The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, insider Erica Schultz sold 9,556 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $21.
68, for a total transaction of $207,174.08. Following the sale, the insider now directly owns 687,483 shares of the company’s stock, valued at $14,904,631.
44. The disclosure for this sale can be found here . Insiders have sold 524,453 shares of company stock worth $10,833,388 over the last quarter.
Insiders own 13.82% of the company’s stock. Institutional Inflows and Outflows Several institutional investors have recently bought and sold shares of the stock.
Hollencrest Capital Management purchased a new position in shares of Confluent during the 1st quarter valued at approximately $26,000. Quest Partners LLC acquired a new position in shares of Confluent in the fourth quarter worth about $31,000. V Square Quantitative Management LLC purchased a new stake in shares of Confluent during the 2nd quarter worth about $68,000.
UniSuper Management Pty Ltd grew its position in shares of Confluent by 125.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,700 shares of the company’s stock valued at $82,000 after acquiring an additional 1,500 shares during the period.
Finally, Advisors Asset Management Inc. raised its holdings in Confluent by 40.3% in the 1st quarter.
Advisors Asset Management Inc. now owns 2,991 shares of the company’s stock worth $91,000 after purchasing an additional 859 shares during the period. 78.
09% of the stock is currently owned by hedge funds and other institutional investors. Confluent Stock Performance Confluent ( NASDAQ:CFLT – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.
27) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.04).
The company had revenue of $234.99 million for the quarter, compared to analyst estimates of $229.49 million.
Confluent had a negative return on equity of 37.78% and a negative net margin of 42.70%.
Analysts anticipate that Confluent will post -0.95 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth A number of equities analysts have commented on CFLT shares.
Guggenheim restated a “buy” rating and issued a $37.00 target price on shares of Confluent in a research note on Tuesday, June 25th. Wolfe Research upgraded Confluent to a “strong-buy” rating in a report on Wednesday, September 18th.
Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Confluent in a report on Monday, September 23rd. JMP Securities restated a “market outperform” rating and set a $40.
00 price target on shares of Confluent in a research note on Tuesday, September 24th. Finally, Citigroup lowered their price objective on shares of Confluent from $32.00 to $28.
00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.
com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.97. View Our Latest Report on CFLT Confluent Company Profile ( Get Free Report ) Confluent, Inc operates a data streaming platform in the United States and internationally.
The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software. Read More Five stocks we like better than Confluent Why Are These Companies Considered Blue Chips? Simon Property REIT: A Safe Bet for Growth and Steady Dividends How to Use Stock Screeners to Find Stocks CarMax’s Impressive Rally: What Investors Should Watch Next Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for Confluent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Confluent and related companies with MarketBeat.com's FREE daily email newsletter .
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