FY2025 Earnings Forecast for Confluent Issued By DA Davidson

Confluent, Inc. (NASDAQ:CFLT - Free Report) - Stock analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for Confluent in a note issued to investors on Thursday, May 1st. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings of ($0.63) per share for the year, up from their prior forecast of ($0.83). DA Davidson has a "Buy" rating and a $28.00 price target on the stock. The consensus estimate for Confluent's current full-year earnings is ($0.83) per share. DA Davidson also issued estimates for Confluent's FY2026 earnings at ($0.56) EPS.

A number of other research analysts have also recently issued reports on CFLT. Raymond James initiated coverage on Confluent in a research report on Friday, April 11th. They issued an "outperform" rating and a $30.00 target price on the stock. JMP Securities reduced their price objective on Confluent from $40.00 to $36.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 1st. Bank of America increased their target price on Confluent from $26.00 to $31.00 and gave the company an "underperform" rating in a research report on Wednesday, February 12th. Needham & Company LLC reduced their price target on Confluent from $40.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Oppenheimer lowered their price objective on Confluent from $35.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Confluent has a consensus rating of "Moderate Buy" and a consensus target price of $30.11.

Confluent Price Performance

NASDAQ CFLT traded down $0.28 on Monday, hitting $20.70. 2,405,242 shares of the company's stock were exchanged, compared to its average volume of 4,695,664. The stock has a 50-day moving average of $23.59 and a 200-day moving average of $27.32. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of -19.17 and a beta of 1.02. Confluent has a 52 week low of $17.79 and a 52 week high of $37.90. The company has a current ratio of 3.99, a quick ratio of 4.24 and a debt-to-equity ratio of 1.14.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $271.12 million during the quarter, compared to the consensus estimate of $264.45 million. Confluent had a negative net margin of 35.81% and a negative return on equity of 34.70%. The firm's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 EPS.

Institutional Investors Weigh In On Confluent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFLT. Vanguard Group Inc. raised its position in shares of Confluent by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 24,828,562 shares of the company's stock valued at $694,207,000 after purchasing an additional 599,582 shares during the period. Champlain Investment Partners LLC boosted its holdings in shares of Confluent by 1.3% in the fourth quarter. Champlain Investment Partners LLC now owns 10,834,754 shares of the company's stock worth $302,940,000 after acquiring an additional 133,908 shares during the period. Geode Capital Management LLC grew its position in shares of Confluent by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 4,409,872 shares of the company's stock valued at $123,339,000 after purchasing an additional 84,163 shares in the last quarter. Jericho Capital Asset Management L.P. increased its position in shares of Confluent by 18.1% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,000,000 shares of the company's stock valued at $83,880,000 after buying an additional 459,000 shares during the period. Finally, Norges Bank purchased a new stake in shares of Confluent in the fourth quarter worth about $81,092,000. 78.09% of the stock is currently owned by institutional investors.

Insider Transactions at Confluent

In other Confluent news, Director Neha Narkhede sold 60,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $19.96, for a total value of $1,197,600.00. Following the transaction, the director now owns 20,247 shares of the company's stock, valued at approximately $404,130.12. The trade was a 74.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward Jay Kreps sold 232,500 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $32.33, for a total transaction of $7,516,725.00. Following the sale, the chief executive officer now owns 452,488 shares of the company's stock, valued at $14,628,937.04. This trade represents a 33.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,260,746 shares of company stock worth $39,702,750 in the last quarter. 13.82% of the stock is currently owned by corporate insiders.

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.