Confluent (NASDAQ:CFLT) Earns "Sell (E+)" Rating from Weiss Ratings

Key Points

• Confluent's stock received a "sell (E+)" rating from Weiss Ratings, as reported on Wednesday.
• Several analysts have lowered their price targets for Confluent, with a consensus average target of $27.25, while the stock closed at $22.30 on Wednesday after a trading volume significantly higher than normal.
• Insider trading activity revealed that CFO Rohan Sivaram and CAO Kong Phan recently sold shares, with insiders collectively selling 741,584 shares valued at approximately $13.6 million over the past ninety days.

Confluent (NASDAQ:CFLT - Get Free Report)'s stock had its "sell (e+)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on CFLT. Capital One Financial set a $21.00 price target on Confluent in a research note on Thursday, July 31st. Barclays decreased their target price on Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, August 1st. TD Cowen reaffirmed a "hold" rating and set a $24.00 target price on shares of Confluent in a research note on Thursday, July 31st. Raymond James Financial decreased their target price on Confluent from $30.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Needham & Company LLC decreased their target price on Confluent from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Confluent has an average rating of "Moderate Buy" and an average price target of $27.25.

Confluent Stock Performance

Confluent stock traded up $1.57 during trading hours on Wednesday, hitting $22.30. The stock had a trading volume of 35,653,357 shares, compared to its average volume of 6,143,287. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.98 and a quick ratio of 3.98. Confluent has a one year low of $15.64 and a one year high of $37.90. The business's 50 day simple moving average is $18.97 and its 200-day simple moving average is $21.86.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $282.29 million during the quarter, compared to the consensus estimate of $278.32 million. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The business's quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned $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, research analysts predict that Confluent will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Confluent

In related news, CFO Rohan Sivaram sold 5,000 shares of Confluent stock in a transaction on Monday, September 8th. The stock was sold at an average price of $20.00, for a total transaction of $100,000.00. Following the sale, the chief financial officer directly owned 631,596 shares in the company, valued at approximately $12,631,920. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kong Phan sold 4,544 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $19.87, for a total value of $90,289.28. Following the completion of the sale, the chief accounting officer directly owned 232,534 shares of the company's stock, valued at $4,620,450.58. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 741,584 shares of company stock valued at $13,597,695 in the last ninety days. 9.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Confluent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Confluent by 2,872.0% during the first quarter. GAMMA Investing LLC now owns 73,320 shares of the company's stock worth $1,719,000 after purchasing an additional 70,853 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Confluent by 2.3% during the 1st quarter. Rhumbline Advisers now owns 295,282 shares of the company's stock worth $6,921,000 after acquiring an additional 6,508 shares during the period. SG Americas Securities LLC grew its holdings in shares of Confluent by 25.8% during the 1st quarter. SG Americas Securities LLC now owns 26,884 shares of the company's stock worth $630,000 after acquiring an additional 5,520 shares during the period. Stanley Laman Group Ltd. grew its holdings in shares of Confluent by 94.3% during the 1st quarter. Stanley Laman Group Ltd. now owns 244,531 shares of the company's stock worth $5,732,000 after acquiring an additional 118,706 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Confluent during the 1st quarter worth approximately $259,000. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

About Confluent

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.