Confluent, Inc. (NASDAQ:CFLT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Confluent, Inc. has received a consensus recommendation of "Moderate Buy" from 32 research firms, with 19 analysts giving it a buy rating and an average twelve-month price target of $27.43.
• The company's recent quarterly earnings showed an EPS of $0.09, exceeding estimates, with a 20.1% year-over-year revenue increase to $282.29 million.
• Recently, insiders sold a total of 741,584 shares of Confluent, indicating a significant divestment as they collectively own 9.20% of the company stock.

Shares of Confluent, Inc. (NASDAQ:CFLT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirty-two research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $27.4286.

Several research analysts recently issued reports on the stock. Piper Sandler reduced their target price on shares of Confluent from $32.00 to $27.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Oppenheimer reduced their target price on shares of Confluent from $32.00 to $26.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. UBS Group dropped their price target on shares of Confluent from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Capital One Financial set a $21.00 price target on shares of Confluent in a research report on Thursday, July 31st. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Confluent in a research report on Wednesday, October 8th.

Confluent Trading Down 0.7%

NASDAQ CFLT opened at $22.58 on Thursday. The company has a fifty day simple moving average of $20.07 and a two-hundred day simple moving average of $21.76. The stock has a market cap of $7.78 billion, a P/E ratio of -24.02 and a beta of 0.96. Confluent has a 12-month low of $15.64 and a 12-month high of $37.90. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $282.29 million during the quarter, compared to analysts' expectations of $278.32 million. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The business's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. On average, analysts forecast that Confluent will post -0.83 earnings per share for the current year.

Insider Activity at Confluent

In related news, Director Eric Vishria sold 30,953 shares of the firm's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $20.00, for a total transaction of $619,060.00. Following the sale, the director owned 1,123,447 shares in the company, valued at approximately $22,468,940. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Neha Narkhede sold 153,200 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the sale, the director owned 28,549 shares in the company, valued at approximately $566,697.65. This represents a 84.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 741,584 shares of company stock valued at $13,597,695 in the last quarter. 9.20% of the stock is currently owned by insiders.

Institutional Trading of Confluent

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Confluent by 7.2% in the first quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company's stock valued at $623,976,000 after purchasing an additional 1,791,588 shares during the period. Nuveen LLC acquired a new stake in shares of Confluent in the first quarter valued at about $28,791,000. Blair William & Co. IL boosted its position in Confluent by 8.6% during the second quarter. Blair William & Co. IL now owns 160,575 shares of the company's stock worth $4,003,000 after acquiring an additional 12,654 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new position in Confluent during the second quarter worth about $10,250,000. Finally, SWS Partners boosted its position in Confluent by 29.9% during the second quarter. SWS Partners now owns 139,464 shares of the company's stock worth $3,477,000 after acquiring an additional 32,134 shares during the last quarter. Institutional investors and hedge funds 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.

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