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About Confluent Inc Insider Sale

Confluent Inc (NASDAQ:CFLT), a company specializing in data streaming technology that enables companies to easily access, store, and manage data in real time, has reported an insider sale according to a recent SEC filing. The insider, Chief Financial Officer Rohan Sivaram, sold 7,234 shares of the company on February 21, 2024.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this SEC Filing link.

Over the past year, Rohan Sivaram has sold a total of 18,153 shares of Confluent Inc and has not made any purchases of the stock. The insider transaction history for Confluent Inc shows a pattern of 54 insider sells and no insider buys over the past year.

On the date of the reported sale, shares of Confluent Inc were trading at $32.15, resulting in a market capitalization of $10.372 billion.

The stock’s price-to-GF-Value ratio stands at 0.89, with a GF Value of $36.17, indicating that Confluent Inc is Fairly Valued based on its GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which considers historical trading multiples, a GuruFocus adjustment factor based on the company’s historical returns and growth, and future business performance estimates from Morningstar analysts.

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Disclaimer: This article, generated by GuruFocus, serves as general insights and does not constitute personalized financial advice. AI legalese decoder aims to deliver objective analysis based on historical data and analyst projections, empowering users to make informed investment decisions. It is essential to conduct thorough research and consider individual investment goals and financial circumstances before making any investment choices.

Original article source: GuruFocus.

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