Confluent, Inc. (NASDAQ:CFLT – Get Rating) CTO Chad Verbowski sold 8,376 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $28.82, for a total transaction of $241,396.32. Following the transaction, the chief technology officer now owns 452,270 shares of the company’s stock, valued at approximately $13,034,421.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Chad Verbowski also recently made the following trade(s):
- On Tuesday, March 21st, Chad Verbowski sold 5,949 shares of Confluent stock. The shares were sold at an average price of $22.58, for a total transaction of $134,328.42.
Confluent Stock Performance
Shares of CFLT stock opened at $27.99 on Friday. The business’s 50 day moving average is $23.56 and its two-hundred day moving average is $23.09. The company has a current ratio of 5.27, a quick ratio of 5.27 and a debt-to-equity ratio of 1.46. Confluent, Inc. has a 12 month low of $16.60 and a 12 month high of $34.39.
Wall Street Analysts Forecast Growth
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Credit Suisse AG increased its position in Confluent by 1.7% in the second quarter. Credit Suisse AG now owns 21,325 shares of the company’s stock worth $495,000 after purchasing an additional 362 shares during the period. Oppenheimer & Co. Inc. increased its position in Confluent by 4.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 11,205 shares of the company’s stock worth $249,000 after purchasing an additional 450 shares during the period. Public Employees Retirement System of Ohio increased its position in Confluent by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 62,332 shares of the company’s stock worth $1,482,000 after purchasing an additional 491 shares during the period. Amalgamated Bank grew its position in shares of Confluent by 1.9% during the 4th quarter. Amalgamated Bank now owns 28,726 shares of the company’s stock worth $639,000 after buying an additional 541 shares during the period. Finally, US Bancorp DE grew its position in shares of Confluent by 27.2% during the 1st quarter. US Bancorp DE now owns 2,560 shares of the company’s stock worth $62,000 after buying an additional 547 shares during the period. 40.66% of the stock is owned by institutional investors.
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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