Confluent Inc. [CFLT] Revenue clocked in at $537.20 million, down -71.85% YTD: What’s Next?

Confluent Inc. [NASDAQ: CFLT] plunged by -$1.03 during the normal trading session on Thursday and reaching a high of $22.21 during the day while it closed the day at $21.46. The company report on November 2, 2022 that Rey Perez Appointed Chief Customer Officer of Confluent.

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Industry veteran to help customers succeed with the power of data streaming.

Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the appointment of Rey Perez as Chief Customer Officer (CCO). As CCO, Rey will lead the customer success, sales engineering services, training and support teams as data streaming becomes a core part of how modern businesses operate. Rey joins Confluent from New Relic, where he served as CCO, leading the solutions engineering, solutions architecture, enablement and expert services teams.

Confluent Inc. stock has also gained 1.13% of its value over the past 7 days. However, CFLT stock has declined by -25.85% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.00% and lost -71.85% year-on date.

The market cap for CFLT stock reached $5.35 billion, with 282.27 million shares outstanding and 151.39 million shares in the current float. Compared to the average trading volume of 2.47M shares, CFLT reached a trading volume of 2461025 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Confluent Inc. [CFLT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CFLT shares is $34.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CFLT stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Truist have made an estimate for Confluent Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 30, 2022. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Outperform. The new note on the price target was released on June 09, 2022, representing the official price target for Confluent Inc. stock. Previously, the target price had yet another raise to $76, while DA Davidson analysts kept a Buy rating on CFLT stock. On January 11, 2022, analysts decreased their price target for CFLT shares from 90 to 80.

The Average True Range (ATR) for Confluent Inc. is set at 2.12, with the Price to Sales ratio for CFLT stock in the period of the last 12 months amounting to 9.96. The Price to Book ratio for the last quarter was 7.72, with the Price to Cash per share for the same quarter was set at 7.78.

CFLT stock trade performance evaluation

Confluent Inc. [CFLT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.13. With this latest performance, CFLT shares dropped by -8.45% in over the last four-week period, additionally plugging by 16.00% over the last 6 months – not to mention a drop of -73.11% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CFLT stock in for the last two-week period is set at 44.00, with the RSI for the last a single of trading hit 43.07, and the three-weeks RSI is set at 44.72 for Confluent Inc. [CFLT]. The present Moving Average for the last 50 days of trading for this stock 24.29, while it was recorded at 23.07 for the last single week of trading, and 30.18 for the last 200 days.

Confluent Inc. [CFLT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Confluent Inc. [CFLT] shares currently have an operating margin of -87.56 and a Gross Margin at +64.60. Confluent Inc.’s Net Margin is presently recorded at -88.38.

Return on Equity for this stock declined to -61.29, with Return on Assets sitting at -23.90.

Confluent Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.70 and a Current Ratio set at 5.70.

Earnings per share (EPS) analysis for Confluent Inc. [CFLT] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CFLT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Confluent Inc. go to 45.60%.

Confluent Inc. [CFLT]: Insider Ownership positions

There are presently around $2,504 million, or 76.40% of CFLT stock, in the hands of institutional investors. The top three institutional holders of CFLT stocks are: JPMORGAN CHASE & CO with ownership of 14,655,975, which is approximately 11.325% of the company’s market cap and around 0.50% of the total institutional ownership; ALTIMETER CAPITAL MANAGEMENT, LP, holding 13,716,310 shares of the stock with an approximate value of $294.35 million in CFLT stocks shares; and VANGUARD GROUP INC, currently with $233.42 million in CFLT stock with ownership of nearly 15.634% of the company’s market capitalization.

Positions in Confluent Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 143 institutional holders increased their position in Confluent Inc. [NASDAQ:CFLT] by around 11,841,554 shares. Additionally, 72 investors decreased positions by around 9,868,427 shares, while 40 investors held positions by with 94,953,885 shares. The mentioned changes placed institutional holdings at 116,663,866 shares, according to the latest SEC report filing. CFLT stock had 60 new institutional investments in for a total of 2,840,370 shares, while 19 institutional investors sold positions of 491,845 shares during the same period.


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