Ying Christina Liu Sells 722 Shares of Confluent, Inc. (NASDAQ:CFLT) Stock
Confluent, Inc. (NASDAQ:CFLT – Get Rating) CAO Ying Christina Liu sold 722 shares of the stock in a transaction on Saturday, August 20th. The shares were sold at an average price of $27.32, for a total transaction of $19,725.04. Following the completion of the sale, 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 filing with the SEC, which is available through the SEC website.
Ying Christina Liu also recently made the following trade(s):
- On Tuesday, September 20th, Ying Christina Liu sold 401 shares of Confluent stock. The shares were sold at an average price of $24.32, for a total transaction of $9,752.32.
Confluent Price Performance
Shares of CFLT traded down $1.43 on Thursday, hitting $22.81. The company’s stock had a trading volume of 1,901,285 shares, compared to its average volume of 3,033,060. The company has a market capitalization of $6.43 billion, a PE ratio of -13.99 and a beta of 1.16. The company has a debt-to-equity ratio of 1.36, a current ratio of 5.83 and a quick ratio of 5.83. Confluent, Inc. has a fifty-two week low of $16.48 and a fifty-two week high of $94.97. The company has a 50 day moving average price of $27.50 and a 200 day moving average price of $28.52.
Confluent (NASDAQ:CFLT – Get Rating) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.41) EPS for the quarter, hitting the consensus estimate of ($0.41). The business had revenue of $139.41 million for the quarter, compared to the consensus estimate of $131.21 million. Confluent had a negative return on equity of 50.24% and a negative net margin of 90.30%. On average, research analysts anticipate that Confluent, Inc. will post -1.63 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in Confluent during the 2nd quarter worth $369,000. ExodusPoint Capital Management LP lifted its holdings in Confluent by 24.0% during the 2nd quarter. ExodusPoint Capital Management LP now owns 83,154 shares of the company’s stock worth $1,932,000 after buying an additional 16,109 shares in the last quarter. Advisory Research Inc. lifted its holdings in Confluent by 264.3% during the 2nd quarter. Advisory Research Inc. now owns 37,313 shares of the company’s stock worth $867,000 after buying an additional 27,072 shares in the last quarter. Utah Retirement Systems acquired a new position in Confluent during the 2nd quarter worth $295,000. Finally, Connors Investor Services Inc. lifted its holdings in Confluent by 49.5% during the 2nd quarter. Connors Investor Services Inc. now owns 151,000 shares of the company’s stock worth $3,509,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 40.65% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Confluent from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Morgan Stanley lifted their price objective on Confluent from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, August 4th. Credit Suisse Group decreased their price objective on Confluent from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, August 4th. Cowen lifted their price objective on Confluent to $39.00 in a report on Tuesday, August 9th. Finally, DA Davidson lifted their price objective on Confluent from $38.00 to $44.00 in a report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Confluent has a consensus rating of “Moderate Buy” and an average price target of $47.64.
Confluent Company Profile
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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