CFLT Showing Recent Insider Activity

Recent activity at Confluent, CFLT shows the Insider Confidence level is trending Up due to Corporate Insiders Bought $35.5M worth of shares in the last 3 months.  We at MarketInsidersPress.com are adding them to our watchlist.

Before you dig into this report it is important to remember that "Insider Buying" is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
 
"Insider Buying" is not a crime when the buying is based on public information. 
 
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell.  That's why people pay attention to insider buying.

Here is a list of the latest insider activity for CFLT:

• Erica Schultz - President, Field Operations, n/a worth of shares on 2 weeks ago
• GERSTNER BRAD - >10% Owner, Bought $618,622 worth of shares on 2 days ago
• Liu Ying Christina - CAO, Sold $12,615 worth of shares on 3 weeks ago
• Michelangelo Volpi - Director, n/a worth of shares on 4 weeks ago

TipRanks.com reports that Confluent currently has 11 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $40.64 . The target pricing ranges from a high forecast of $80.00 down to a low forecast of $27.00. Confluent (CFLT)’s last closing price was $20.085 which would put the average price target at 102.34% upside.

In addition, TradingView issued a Sell rating for CFLT over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook. 

Confluent, CFLT
Summary: Confluent Inc. provides platform for data in motion. Confluent Inc. is based in MOUNTAIN VIEW, Calif.

• Last Price: $20.085
• Price Change: $1.42, 7.58%
• Yearly Gain: -58.53%
• Market Cap: $5.20B
• P/E Ratio: -12.153

Remember, securities are volatile, so please do your own research on CFLT.

This information was sourced from various 3rd party public sources but to get the best insight into insider activity related to CFLT, you should consider joining TipRanks.com.

TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking ^TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>

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