On May 20, 2024, Ying Liu, the Chief Accounting Officer of Confluent Inc (CFLT, Financial), sold 7,261 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, over the past year, the insider has sold a total of 96,526 shares and has not made any purchases.
Confluent Inc (CFLT, Financial) is a technology company that specializes in real-time data streaming solutions. The company's platform enables organizations to access, store, and manage data as continuous streams, providing a foundation for developing scalable and flexible data architectures.
On the date of the sale, shares of Confluent Inc were priced at $31.96, resulting in a market cap of approximately $10.16 billion. According to the GF Value, the intrinsic value of the stock is estimated at $36.05, indicating that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.89.
The GF Value is determined by considering historical valuation multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
Over the past year, there have been no insider buys and 65 insider sells at Confluent Inc, reflecting a trend of insider sales.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
