Confluent, Inc. (NASDAQ:CFLT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Confluent, Inc. has received a consensus rating of "Moderate Buy" from 31 research firms, with 19 analysts rating it as a buy and only one issuing a strong buy.
• The company's recent quarterly earnings surpassed projections, reporting $0.09 earnings per share, alongside a year-over-year revenue increase of 20.1%.
• Significant insider selling was noted, with CFO Rohan Sivaram and CEO Edward Jay Kreps selling shares valued at approximately $4.4 million combined in recent transactions.

Shares of Confluent, Inc. (NASDAQ:CFLT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirty-one research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $27.3571.

A number of research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Confluent from $30.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Stephens initiated coverage on shares of Confluent in a research note on Friday, July 18th. They set an "overweight" rating and a $31.00 price target for the company. Piper Sandler reduced their price objective on shares of Confluent from $32.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Zacks Research upgraded Confluent from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Finally, Capital One Financial set a $21.00 target price on Confluent in a report on Thursday, July 31st.

Confluent Price Performance

Shares of NASDAQ:CFLT opened at $19.79 on Friday. Confluent has a one year low of $15.64 and a one year high of $37.90. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.98 and a quick ratio of 3.98. The company has a market cap of $6.82 billion, a price-to-earnings ratio of -21.05 and a beta of 0.97. The firm has a 50 day simple moving average of $19.84 and a 200 day simple moving average of $22.16.

Confluent (NASDAQ:CFLT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The company had revenue of $282.29 million during the quarter, compared to the consensus estimate of $278.32 million. During the same period in the prior year, the business earned $0.06 earnings per share. The company's revenue for the quarter 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. Research analysts predict that Confluent will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Confluent

In other news, CFO Rohan Sivaram sold 5,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. Following the completion of the sale, the chief financial officer directly owned 631,596 shares in the company, valued at $12,631,920. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $18.66, for a total transaction of $4,338,450.00. Following the transaction, the chief executive officer directly owned 377,074 shares of the company's stock, valued at $7,036,200.84. This represents a 38.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 741,584 shares of company stock worth $13,597,695. Company insiders own 9.20% of the company's stock.

Institutional Investors Weigh In On Confluent

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cloud Capital Management LLC bought a new stake in Confluent in the first quarter worth approximately $26,000. Farther Finance Advisors LLC increased its stake in Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company's stock valued at $36,000 after purchasing an additional 1,037 shares in the last quarter. Versant Capital Management Inc increased its stake in Confluent by 2,458.2% in the first quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock valued at $40,000 after purchasing an additional 1,647 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Confluent during the second quarter valued at about $49,000. Finally, Banque Transatlantique SA bought a new position in shares of Confluent during the 1st quarter worth about $43,000. 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.

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