Confluent (NASDAQ:CFLT - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.360-0.360 for the period, compared to the consensus earnings per share estimate of 0.363. The company issued revenue guidance of -. Confluent also updated its Q3 2025 guidance to 0.090-0.100 EPS.
Confluent Trading Down 4.1%
NASDAQ:CFLT traded down $0.73 during mid-day trading on Friday, reaching $17.00. The company's stock had a trading volume of 12,003,414 shares, compared to its average volume of 6,234,332. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.42 and a quick ratio of 4.42. The stock has a market cap of $5.79 billion, a P/E ratio of -18.09 and a beta of 0.99. The company's fifty day simple moving average is $24.43 and its two-hundred day simple moving average is $25.44. Confluent has a twelve month low of $16.56 and a twelve month high of $37.90.
Confluent (NASDAQ:CFLT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 earnings per share 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 27.98%. The business had revenue of $282.29 million for the quarter, compared to analyst estimates of $278.32 million. During the same period in the prior year, the firm posted $0.06 EPS. The company's revenue was up 20.1% on a year-over-year basis. On average, equities analysts predict that Confluent will post -0.83 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have recently commented on CFLT shares. Truist Financial dropped their price objective on Confluent from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Scotiabank lowered their price target on Confluent from $35.00 to $24.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Royal Bank Of Canada cut their price objective on Confluent from $28.00 to $25.00 and set an "outperform" rating on the stock in a report on Thursday. Guggenheim reduced their price objective on Confluent from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Morgan Stanley decreased their target price on Confluent from $32.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Confluent presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.62.
Get Our Latest Stock Analysis on Confluent
Insider Transactions at Confluent
In other news, Director Eric Vishria sold 30,953 shares of Confluent stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $21.93, for a total value of $678,799.29. Following the transaction, the director directly owned 1,169,876 shares of the company's stock, valued at $25,655,380.68. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Neha Narkhede sold 20,000 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $22.82, for a total value of $456,400.00. Following the transaction, the director directly owned 20,247 shares in the company, valued at $462,036.54. The trade was a 49.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 486,669 shares of company stock valued at $11,439,593 in the last 90 days. 9.20% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Confluent
An institutional investor recently raised its position in Confluent stock. Goldman Sachs Group Inc. lifted its stake in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 133.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 942,303 shares of the company's stock after purchasing an additional 537,874 shares during the quarter. Goldman Sachs Group Inc. owned 0.28% of Confluent worth $22,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 78.09% of the stock is owned by hedge funds and other institutional investors.
About Confluent
(
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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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