Confluent, Inc. (NASDAQ:CFLT – Get Rating) CAO Ying Christina Liu sold 708 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $20.11, for a total transaction of $14,237.88. Following the transaction, the chief accounting officer now directly owns 39,370 shares in the company, valued at $791,730.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 Trading Up 12.3 %
CFLT stock traded up $2.54 during mid-day trading on Thursday, hitting $23.18. 3,166,680 shares of the company were exchanged, compared to its average volume of 3,551,719. Confluent, Inc. has a 12-month low of $16.48 and a 12-month high of $85.50. The firm has a market capitalization of $6.64 billion, a P/E ratio of -13.88 and a beta of 1.26. The business has a fifty day simple moving average of $23.78 and a 200-day simple moving average of $24.40. The company has a quick ratio of 5.74, a current ratio of 5.74 and a debt-to-equity ratio of 1.38.
Institutional Trading of Confluent
Several hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System increased its stake in Confluent by 25.8% during the 3rd quarter. California State Teachers Retirement System now owns 67,235 shares of the company’s stock worth $1,598,000 after buying an additional 13,783 shares during the period. Balyasny Asset Management LLC raised its stake in shares of Confluent by 210.0% in the third quarter. Balyasny Asset Management LLC now owns 365,982 shares of the company’s stock valued at $8,699,000 after acquiring an additional 247,918 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Confluent in the third quarter valued at $1,717,000. BNP Paribas Arbitrage SNC purchased a new position in Confluent in the third quarter valued at $2,848,000. Finally, Neo Ivy Capital Management acquired a new position in Confluent during the 3rd quarter worth $58,000. Institutional investors and hedge funds own 40.65% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Confluent from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Cowen raised their price target on shares of Confluent to $39.00 in a research note on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Confluent from $28.00 to $32.00 in a research note on Thursday, August 4th. Morgan Stanley reduced their price objective on Confluent from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 3rd. Finally, UBS Group upped their target price on Confluent from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.36.
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.
- Get a free copy of the StockNews.com research report on Confluent (CFLT)
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