Confluent, Inc. provides a data streaming platform. The Company is engaged in designing data infrastructure to connect the applications, systems and data layers around a real-time central nervous system. The Company is focused on developing a category of data infrastructure focused on data in motion for developers and enterprises. It enables enterprises to deliver customer experiences for their business functions, departments, teams, applications, and data stores to have complete connectivity. It is designed to have real-time data from multiple sources constantly streamed across an enterprise for real-time analysis. Its offering enables organizations to deploy production-ready applications that run across cloud infrastructures and data centers, with features for security and compliance. Its platform provides the capabilities to fill the structural, operational and engineering gaps in businesses. It enables software developers to build their applications to connect data in motion.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 64.46% year-on-year.
Undervalued
The company’s latest PE is -24.34, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 271.09M shares, decreasing 12.25% quarter-over-quarter.
Held by Steven Cohen
Star Investor Steven Cohen holds 15.58M shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.80.