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| 2024-10-10 | +7.15 % |
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| 2024-10-04 | +8.61 % |
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| 2024-09-30 | +3.45 % |
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| 2024-09-25 | -0.2 % |
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| 2024-09-24 | +0.61 % |
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| 2024-09-16 | +3.13 % |
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| 2024-09-06 | -3.31 % |
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| 2024-09-04 | -2.85 % |
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| 2024-08-30 | +1.53 % |
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| 2024-08-13 | +5.6 % |
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| 2024-08-05 | -3.19 % |
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| 2024-08-02 | -6.52 % |
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| 2024-08-01 | -17.55 % |
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| 2024-07-17 | -0.15 % |
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| 2024-07-16 | -1.73 % |
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| 2024-07-11 | -2.91 % |
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| 2024-07-03 | -1.75 % |
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| 2024-07-02 | +1.93 % |
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| 2024-06-24 | +1 % |
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| 2024-06-10 | +1.12 % |
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| 2024-06-05 | +2.57 % |
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| 2024-06-03 | -0.58 % |
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| 2024-05-30 | -8.89 % |
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| 2024-05-28 | -1.06 % |
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| 2024-05-23 | -3 % |
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| 2024-05-22 | +1.33 % |
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| 2024-05-17 | +2.22 % |
- The article talks about Oppenheimer initiating coverage on Confluent Inc (CFLT) with an Outperform rating and a price target of $37.00, attributing the stock's recent 2.22% increase to the company's strong market positioning, growth strategy, technological leadership, significant Total Addressable Market (TAM), and positive financial health indicators such as revenue growth, strong liquidity position, and increasing analyst earnings revisions.
- Summary: After securing $200 million in Series D funding led by Spark Capital and Avenir Growth Capital, Sigma Computing's stock rose by 2.22%, attributing its growth to its cloud-based analytics tools, strategic partnerships, continuous product evolution, strong revenue growth, customer sentiment, and efforts to broaden business intelligence adoption within organizations.
Reason for Confluent (CFLT) Stock Increase: The growth and success of Sigma Computing, a cloud-based analytics vendor, likely had a positive impact on Confluent (CFLT) stock, as both companies received significant venture capital funding and have been making strides in the analytics space, leading to investor optimism and market confidence in related stocks.
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| 2024-05-16 | -1.07 % |
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| 2024-05-14 | +2.37 % |
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| 2024-05-13 | +1.84 % |
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| 2024-05-10 | -5.19 % |
- Summary: Confluent, Inc. (NASDAQ:CFLT) saw a -5.19% decrease in its stock price following the sale of shares by President of Field Operations Erica Schultz, who executed a prearranged trading plan, among various family trusts. The company, with a positive trend in stock performance and analyst optimism for future growth, has a high Price / Book multiple and no dividend policy, focusing on reinvestment for potential profitability.
Reason for Confluent (CFLT) stock's decrease: The stock went down due to the significant insider share sale by the company's President of Field Operations, Erica Schultz, as part of a prearranged trading plan, with the recent insider transactions coinciding with a notable stock performance despite the company's lack of profitability and high Price / Book multiple.
- Summary: Confluent (CFLT) stock was down by -5.19% following a recent insider stock sale by director Caimi Lara, who sold 9,375 shares of Class A Common Stock according to a prearranged 10b5-1 trading plan, but the sale was not necessarily indicative of Lara's outlook on the company.
Reason for stock decline: The stock went down due to the insider stock sale by director Caimi Lara, who sold shares of Class A Common Stock as per a prearranged trading plan, leading to a decrease in Class A shares but an increase in total share ownership after converting Class B common stock.
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| 2024-05-08 | +12.76 % |
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| 2024-05-07 | -2.79 % |
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| 2024-05-06 | +0.07 % |
- Confluent (CFLT) stock was up by 0.07% last night, following Citi maintaining a Neutral rating but reducing the price target to $32 from $33 due to concerns over small and medium-sized business variability and increased competition in the Kafka and streaming market, leading to competitive displacements of Confluent Cloud and prompting lower-priced options, even though there are positive indicators such as strong GitHub data for Kafka and Flink, a quarter-over-quarter increase in cloud web traffic, and a solid pipeline for Federal and on-premises deployments, with a slightly improved net new cloud additions expected in the second quarter and a forecast for a robust platform that could drive a slight increase in subscription revenue, alongside market dynamics showing a high Price to Book ratio at 11.2, a strong gross profit margin of 70.6%, and 32.6% revenue growth over the past twelve months as of Q4 2023, which may be appealing to investors looking for growth potential in the technology sector.
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| 2024-05-02 | -0.14 % |
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| 2024-04-24 | +1.23 % |
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