Confluent Inc. (CFLT) Insider Trading: What Insights Can Be Gained?

As of Thursday close, Confluent Inc.’s (NASDAQ:CFLT) stock was up $0.88, moving up 4.78 percent to $19.30. The average number of shares traded per day over the past five days has been 7,290,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$8.95 fall in that time frame. In the last twenty days, the average volume was 3,690,675, while in the previous 50 days, it was 3,309,874.

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Since last month, CFLT stock retreated -49.54%. Shares of the company fell to $17.36 on 05/12/22, the lowest level in the past month. Since the beginning of this year, CFLT’s stock price has dropped by -74.69% or -$56.94, and marked a new high 2 times. However, the stock has declined by -79.68% since its 52-week high.

Confluent Inc. (CFLT) last reported insider trading activity 23 days ago on Apr 20. GERSTNER BRAD, the 10% Owner of the company, purchased of 51,000 shares for $39.31 on Apr 20. It resulted in a $2,004,851 investment by the insider. GERSTNER BRAD added 82,683 shares at an average price of $37.53 on Apr 18. The insider now owns 5,929,583 shares following the transaction. On Apr 14, 10% Owner GERSTNER BRAD bought 25,000 shares at $39.48 apiece. The transaction was valued at $987,112.

Financial Health

In the three months ended September 29, Confluent Inc.’s quick ratio stood at 6.60, while its current ratio was 6.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.29, and the total debt-to-equity ratio was 1.29. On the profitability front, the trailing twelve-month gross margin is 64.60% percent. Based on annual data, CFLT earned $250.57 million in gross profit and brought in $387.86 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -17.80%. Return on equity (ROE) for the past 12 months was -44.90%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CFLT’s revenue rose 100.0% during the quarter, while net income inched up to $126.14 million. While analysts expected Confluent Inc. to report -$0.23 quarterly earnings, the actual figure was -$0.17 per share, beating the consensus estimate by 26.10%. During the quarter, the company generated -$103.16 million in EBITDA. The liabilities of Confluent Inc. were 1.49 billion at the end of its most recent quarter ended September 29, and its total debt was $43.54 million. The value of shareholders’ equity is $272.95 million.

Technical Picture

This quick technical analysis looks at Confluent Inc.’s (CFLT) price momentum. With a historical volatility rate of 139.92%, the RSI 9-day stood at 22.33% on 12 May.

With respect to its five-day moving average, the current Confluent Inc. price is down by -31.68% percent or -$8.95. At present, CFLT shares trade -51.88% below its 20-day simple moving average and -69.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately -55.67% below its SMA50 and -50.80% below its SMA200.

Stochastic coefficient K was 6.33% and Stochastic coefficient D was 5.28%, while ATR was 3.73. Given the Stochastic reading of 10.75% for the 14-day period, the RSI (14) reading has been calculated as 26.27%. As of today, the MACD Oscillator reading stands at -5.84, while the 14-day reading stands at -8.69.

Analyst Ratings

DA Davidson upgraded its rating on Confluent Inc. (NASDAQ: CFLT) to a Buy in a note to investors on January 25, 2022. The analysts firm previously had a Neutral rating on the stock.Confluent Inc. (CFLT) has been rated Overweight by analysts. According to 0 brokerage firms, CFLT is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Confluent Inc. stock as buy, with 8 recommending it as overweight.

With a median target price of $39.50, the current consensus forecast for the stock is $28.00 – $80.00. Based on these forecasts, analysts predict Confluent Inc. (CFLT) will achieve an average price target of $41.50.


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