Confluent's (CFLT) Sell (E+) Rating Reaffirmed at Weiss Ratings

Key Points

• Confluent's stock maintains a "sell (e+)" rating from Weiss Ratings, indicating analysts' pessimism about the company's performance.
• Multiple analysts have reduced their price targets for Confluent shares, with DA Davidson and Barclays both lowering their targets to $24.00.
• Confluent reported a 20.1% increase in quarterly revenue year-over-year, alongside a net margin of -29.27% and an earnings per share of $0.09, beating expectations.

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

A number of other analysts have also recently weighed in on the stock. DA Davidson decreased their price target on shares of Confluent from $32.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Barclays cut their price objective on shares of Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Stifel Nicolaus restated a "hold" rating and set a $21.00 price objective (down previously from $30.00) on shares of Confluent in a research report on Thursday, July 31st. Needham & Company LLC cut their price objective on shares of Confluent from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, Capital One Financial set a $21.00 price objective on shares of Confluent in a research report 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Confluent has an average rating of "Moderate Buy" and an average price target of $27.43.

Confluent Stock Performance

NASDAQ:CFLT traded down $0.07 during trading hours on Friday, reaching $22.80. 7,246,809 shares of the company's stock were exchanged, compared to its average volume of 7,988,907. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of -24.26 and a beta of 0.96. The company has a 50-day moving average of $20.27 and a 200 day moving average of $21.80. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03. Confluent has a 1-year low of $15.64 and a 1-year high of $37.90.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm 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%. Confluent's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. Research analysts anticipate that Confluent will post -0.83 EPS for the current year.

Insiders Place Their Bets

In other news, Director Neha Narkhede sold 153,200 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total value of $3,041,020.00. Following the completion of the transaction, the director owned 28,549 shares in the company, valued at $566,697.65. This trade represents a 84.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric Vishria sold 30,953 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $20.00, for a total transaction of $619,060.00. Following the completion of the transaction, the director owned 1,123,447 shares of the company's stock, valued at $22,468,940. This represents a 2.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 741,584 shares of company stock worth $13,597,695. Insiders own 9.20% of the company's stock.

Institutional Investors Weigh In On Confluent

A number of large investors have recently added to or reduced their stakes in CFLT. Cloud Capital Management LLC acquired a new stake in Confluent in the 1st quarter valued at about $26,000. Farther Finance Advisors LLC grew its stake in Confluent by 252.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company's stock valued at $36,000 after acquiring an additional 1,037 shares during the last quarter. True Wealth Design LLC acquired a new stake in Confluent in the 3rd quarter valued at about $36,000. Banque Transatlantique SA acquired a new stake in Confluent in the 1st quarter valued at about $43,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Confluent in the 2nd quarter valued at about $49,000. 78.09% of the stock is owned by institutional investors and hedge funds.

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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