Confluent, Inc. (NASDAQ:CFLT) Receives $27.36 Average PT from Analysts

Key Points

• Confluent, Inc. has received a consensus rating of "Moderate Buy" from 32 brokerages, with an average 12-month price target of $27.36.
• The company reported earnings of $0.09 EPS for the last quarter, exceeding the consensus estimate and showing a 20.1% year-over-year revenue growth.
• Insider transactions included significant sales, with the Director and CEO selling shares, indicating a 2.68% and 9.09% decrease respectively in their ownership stakes.

Confluent, Inc. (NASDAQ:CFLT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirty-two brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, nineteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.3571.

Several analysts recently issued reports on CFLT shares. Piper Sandler cut their target price on Confluent from $32.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus reiterated a "hold" rating and issued a $21.00 price objective (down from $30.00) on shares of Confluent in a research report on Thursday, July 31st. Stephens started coverage on Confluent in a research note on Friday, July 18th. They set an "overweight" rating and a $31.00 target price on the stock. Cowen lowered Confluent from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Barclays reduced their price objective on shares of Confluent from $31.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st.

Confluent Trading Down 3.5%

CFLT stock traded down $0.68 during trading on Wednesday, hitting $18.55. 9,359,847 shares of the company traded hands, compared to its average volume of 6,689,541. The company has a 50-day moving average of $21.69 and a 200-day moving average of $23.46. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98. Confluent has a 1 year low of $15.64 and a 1 year high of $37.90. The firm has a market capitalization of $6.39 billion, a PE ratio of -19.73 and a beta of 0.97.

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

Insiders Place Their Bets

In other news, CFO Rohan Sivaram sold 26,097 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total value of $443,909.97. Following the completion of the transaction, the chief financial officer owned 636,596 shares in the company, valued at $10,828,497.96. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Kong Phan sold 2,664 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total value of $45,314.64. Following the completion of the sale, the chief accounting officer directly owned 237,078 shares in the company, valued at approximately $4,032,696.78. The trade was a 1.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 352,785 shares of company stock valued at $6,185,488 over the last ninety days. 13.82% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Confluent

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in shares of Confluent by 40.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 208,043 shares of the company's stock valued at $5,819,000 after purchasing an additional 60,346 shares in the last quarter. Stifel Financial Corp increased its position in Confluent by 2.7% during the 4th quarter. Stifel Financial Corp now owns 42,475 shares of the company's stock valued at $1,188,000 after buying an additional 1,136 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Confluent by 19.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 127,306 shares of the company's stock valued at $3,559,000 after buying an additional 21,010 shares during the last quarter. Northern Trust Corp boosted its holdings in Confluent by 25.9% in the fourth quarter. Northern Trust Corp now owns 1,383,028 shares of the company's stock worth $38,669,000 after acquiring an additional 284,307 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Confluent by 756.2% during the fourth quarter. AQR Capital Management LLC now owns 325,539 shares of the company's stock valued at $9,102,000 after acquiring an additional 287,519 shares in the last quarter. 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.