Confluent, Inc. (NASDAQ:CFLT) Receives $28.71 Consensus PT from Analysts

Confluent, Inc. (NASDAQ:CFLT) has been assigned an average rating of “Hold” from the thirty-four analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $28.7097.

Several brokerages have recently weighed in on CFLT. Canaccord Genuity Group cut shares of Confluent from a “buy” rating to a “hold” rating and lifted their price target for the stock from $27.00 to $31.00 in a research note on Monday, December 8th. Morgan Stanley raised their target price on Confluent from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Evercore ISI set a $31.00 price target on Confluent in a report on Monday, December 8th. Zacks Research upgraded Confluent from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $31.00 price objective on shares of Confluent in a research note on Monday, December 8th.

Confluent Trading Down 0.3%

Shares of NASDAQ:CFLT opened at $30.05 on Friday. The stock’s 50-day simple moving average is $23.43 and its two-hundred day simple moving average is $22.30. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of -33.39 and a beta of 0.99. Confluent has a 52-week low of $15.64 and a 52-week high of $37.90. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $298.52 million for the quarter, compared to analysts’ expectations of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. Analysts expect that Confluent will post -0.83 EPS for the current year.

Insider Buying and Selling at Confluent

In related news, CEO Edward Jay Kreps sold 232,500 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $23.53, for a total value of $5,470,725.00. Following the completion of the transaction, the chief executive officer owned 377,074 shares of the company’s stock, valued at approximately $8,872,551.22. This represents a 38.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alyssa Henry sold 62,500 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.00, for a total value of $1,875,000.00. Following the completion of the sale, the director owned 28,549 shares of the company’s stock, valued at $856,470. The trade was a 68.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 714,067 shares of company stock valued at $18,282,301. 13.82% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Confluent

Hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new stake in Confluent in the 3rd quarter worth $26,000. Danske Bank A S bought a new stake in shares of Confluent in the third quarter worth about $34,000. Farther Finance Advisors LLC increased its holdings in shares of Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after purchasing an additional 1,037 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Confluent in the third quarter worth about $36,000. Finally, Ramirez Asset Management Inc. bought a new position in Confluent during the third quarter valued at approximately $40,000. Institutional investors own 78.09% of the company’s stock.

Confluent Company Profile

Confluent, Inc operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software.