Confluent, Inc. (NASDAQ:CFLT) Receives $28.71 Consensus Price Target from Brokerages

Shares of Confluent, Inc. (NASDAQ:CFLT) have been given an average recommendation of “Hold” by the thirty-five research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $28.7097.

Several equities research analysts recently issued reports on CFLT shares. UBS Group downgraded Confluent from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $29.00 to $31.00 in a research note on Tuesday, December 9th. Needham & Company LLC lowered shares of Confluent from a “buy” rating to a “hold” rating in a research report on Monday, December 8th. Oppenheimer downgraded shares of Confluent from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 9th. Truist Financial set a $31.00 price objective on shares of Confluent in a research note on Monday, December 8th. Finally, Morgan Stanley increased their target price on shares of Confluent from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th.

Insider Buying and Selling at Confluent

In other news, Director Lara Caimi sold 1,074 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $30.00, for a total transaction of $32,220.00. Following the completion of the sale, the director directly owned 11,524 shares of the company’s stock, valued at $345,720. This trade represents a 8.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kong Phan sold 4,545 shares of Confluent stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $29.96, for a total value of $136,168.20. Following the sale, the chief accounting officer owned 220,505 shares of the company’s stock, valued at approximately $6,606,329.80. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,455,620 shares of company stock valued at $40,630,407 in the last quarter. Corporate insiders own 9.20% of the company’s stock.

Hedge Funds Weigh In On Confluent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFLT. Vanguard Group Inc. grew its position in Confluent by 10.5% in the third quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company’s stock worth $620,675,000 after acquiring an additional 2,970,708 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Confluent by 6.7% during the 2nd quarter. Champlain Investment Partners LLC now owns 11,590,026 shares of the company’s stock valued at $288,939,000 after purchasing an additional 727,943 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Confluent by 3.8% in the 2nd quarter. William Blair Investment Management LLC now owns 9,639,102 shares of the company’s stock valued at $240,303,000 after purchasing an additional 356,277 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Confluent by 1.7% in the second quarter. Franklin Resources Inc. now owns 8,592,443 shares of the company’s stock worth $214,210,000 after purchasing an additional 143,232 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in Confluent in the third quarter worth $163,667,000. Institutional investors own 78.09% of the company’s stock.

Confluent Price Performance

CFLT stock opened at $30.36 on Tuesday. Confluent has a one year low of $15.64 and a one year high of $37.90. The firm has a 50-day moving average of $26.38 and a two-hundred day moving average of $23.20. The firm has a market capitalization of $10.62 billion, a PE ratio of -33.73 and a beta of 0.95. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.98.

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

Confluent Company Profile

Confluent, Inc (NASDAQ: CFLT) is a leading provider of an event streaming platform built on Apache Kafka. The company’s flagship offerings include Confluent Platform—a self-managed software solution—and Confluent Cloud, a fully managed service designed to simplify real-time data processing across hybrid and multi-cloud environments. These products enable enterprises to collect, process and distribute high volumes of data in real time, supporting use cases such as fraud detection, supply chain optimization and personalized customer experiences.

Founded in 2014 by Apache Kafka co-creators Jay Kreps, Neha Narkhede and Jun Rao, Confluent has driven the commercialization of Kafka technologies and extended the platform with tools for data integration, stream processing and enterprise-grade security.