Confluent, Inc. (NASDAQ:CFLT) CAO Ying Christina Liu Sells 722 Shares

Confluent, Inc. (NASDAQ:CFLTGet Rating) CAO Ying Christina Liu sold 722 shares of the business’s stock in a transaction dated Saturday, August 20th. The stock was sold at an average price of $27.32, for a total transaction of $19,725.04. Following the completion of the transaction, the chief accounting officer now directly owns 40,479 shares of the company’s stock, valued at $1,105,886.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ying Christina Liu also recently made the following trade(s):

  • On Tuesday, September 20th, Ying Christina Liu sold 401 shares of Confluent stock. The stock was sold at an average price of $24.32, for a total transaction of $9,752.32.

Confluent Stock Performance

Shares of NASDAQ CFLT opened at $22.81 on Friday. The firm has a 50 day moving average price of $27.49 and a 200 day moving average price of $28.46. The company has a debt-to-equity ratio of 1.36, a quick ratio of 5.83 and a current ratio of 5.83. Confluent, Inc. has a 52-week low of $16.48 and a 52-week high of $94.97.

Confluent (NASDAQ:CFLTGet Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.41) earnings per share for the quarter, meeting the consensus estimate of ($0.41). The company had revenue of $139.41 million during the quarter, compared to analysts’ expectations of $131.21 million. Confluent had a negative net margin of 90.30% and a negative return on equity of 50.24%. On average, sell-side analysts forecast that Confluent, Inc. will post -1.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CFLT shares. Credit Suisse Group lowered their price target on shares of Confluent from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, August 4th. DA Davidson lifted their price target on shares of Confluent from $38.00 to $44.00 in a research report on Thursday, August 4th. UBS Group lifted their price target on shares of Confluent from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Barclays lifted their price target on shares of Confluent from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 4th. Finally, Scotiabank started coverage on shares of Confluent in a research report on Wednesday, June 8th. They set an “outperform” rating and a $27.00 price target for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CFLT. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Confluent in the second quarter valued at approximately $26,000. Advisors Asset Management Inc. acquired a new position in shares of Confluent in the first quarter valued at approximately $30,000. Byrne Asset Management LLC acquired a new position in shares of Confluent in the fourth quarter valued at approximately $31,000. James Investment Research Inc. boosted its holdings in shares of Confluent by 716.9% in the second quarter. James Investment Research Inc. now owns 1,356 shares of the company’s stock valued at $32,000 after buying an additional 1,190 shares during the period. Finally, Baldwin Brothers LLC MA acquired a new position in shares of Confluent in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 40.65% of the company’s stock.

About Confluent

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Confluent, Inc operates a data streaming platform in the United States and internationally. It offers Confluent Cloud, a managed cloud-native service for connecting and processing data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data in real-time with the foundational platform for data in motion.

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