On May 20, 2024, Stephanie Buscemi, the Chief Marketing Officer of Confluent Inc (CFLT, Financial), executed a sale of 3,794 shares of the company. The transaction was filed on May 22, 2024, as reported in the SEC Filing. The shares were sold at a price of $31.96 each.
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.
Over the past year, the insider has sold a total of 166,493 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within Confluent Inc, where there have been 65 insider sells and no insider buys over the past year.
As of the date of the sale, Confluent Inc (CFLT, Financial) had a market cap of approximately $10.16 billion. The stock's price on the day of the transaction gives it a price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow that reflect its current valuation metrics.
According to the GF Value, the intrinsic value of Confluent Inc is estimated at $36.05 per share, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.89. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and the valuation levels of Confluent Inc as indicated by the GF Value and other financial metrics.
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.
