Confluent (CFLT) Projected to Post Quarterly Earnings on Wednesday

Confluent (NASDAQ:CFLT - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect Confluent to post earnings of $0.07 per share and revenue of $264.45 million for the quarter. Confluent has set its FY 2025 guidance at 0.350-0.350 EPS and its Q1 2025 guidance at 0.060-0.070 EPS.

Confluent (NASDAQ:CFLT - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.28). Confluent had a negative net margin of 35.81% and a negative return on equity of 34.70%. On average, analysts expect Confluent to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Confluent Stock Performance

Shares of CFLT stock traded down $0.34 during trading on Monday, reaching $23.79. 972,255 shares of the company's stock were exchanged, compared to its average volume of 4,505,615. Confluent has a twelve month low of $17.79 and a twelve month high of $37.90. The firm's fifty day moving average price is $25.39 and its 200-day moving average price is $27.45. The company has a quick ratio of 4.24, a current ratio of 3.99 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $7.95 billion, a PE ratio of -21.98 and a beta of 1.03.

Analysts Set New Price Targets

CFLT has been the topic of several research analyst reports. Loop Capital dropped their price objective on shares of Confluent from $30.00 to $22.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Scotiabank cut their price objective on shares of Confluent from $35.00 to $24.00 and set a "sector perform" rating for the company in a research report on Thursday. Truist Financial reduced their price objective on Confluent from $40.00 to $35.00 and set a "buy" rating for the company in a report on Monday, March 31st. Piper Sandler increased their target price on Confluent from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Raymond James started coverage on Confluent in a research note on Friday, April 11th. They issued an "outperform" rating and a $30.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Confluent has an average rating of "Moderate Buy" and a consensus target price of $33.39.

Insider Buying and Selling at Confluent

In other Confluent news, CAO Kong Phan sold 3,175 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $26.86, for a total value of $85,280.50. Following the completion of the transaction, the chief accounting officer now directly owns 246,516 shares in the company, valued at approximately $6,621,419.76. This represents a 1.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Rohan Sivaram sold 68,350 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $36.23, for a total transaction of $2,476,320.50. Following the transaction, the chief financial officer now directly owns 520,273 shares of the company's stock, valued at $18,849,490.79. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,200,746 shares of company stock worth $38,505,150. 13.82% of the stock is currently owned by insiders.

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.