NASDAQ:CFLT Confluent (CFLT) Stock Price, News & Analysis → The Military's $700M 'AI Software Bullet' (From Behind the Markets) (Ad) Free CFLT Stock Alerts $27.79 +0.02 (+0.07%) (As of 06/17/2024 ET) Add Compare Share Share Today's Range$27.11▼$27.9550-Day Range$25.70▼$32.2352-Week Range$14.69▼$41.22Volume2.26 million shsAverage Volume4.51 million shsMarket Capitalization$8.83 billionP/E RatioN/ADividend YieldN/APrice Target$32.93 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Confluent alerts: Email Address Confluent MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside18.5% Upside$32.93 Price TargetShort InterestBearish8.24% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.68Based on 11 Articles This WeekInsider TradingSelling Shares$18.18 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.94) to ($0.89) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.07 out of 5 starsBusiness Services Sector193rd out of 304 stocksPrepackaged Software Industry137th out of 197 stocks 3.4 Analyst's Opinion Consensus RatingConfluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 21 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageConfluent has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Confluent's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted8.24% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 5.5.Change versus previous monthShort interest in Confluent has recently increased by 6.45%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldConfluent does not currently pay a dividend.Dividend GrowthConfluent does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CFLT. Previous Next 3.2 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.89 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Confluent this week, compared to 7 articles on an average week.Search Interest27 people have searched for CFLT on MarketBeat in the last 30 days. This is an increase of 69% compared to the previous 30 days.MarketBeat Follows25 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is an increase of 213% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Confluent insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $18,176,366.00 in company stock.Percentage Held by Insiders13.82% of the stock of Confluent is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions78.09% of the stock of Confluent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Confluent's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Confluent are expected to grow in the coming year, from ($0.94) to ($0.89) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Confluent is -22.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Confluent is -22.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioConfluent has a P/B Ratio of 10.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Confluent's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsProtect Your Bank Account from ChinaChina is set to launch a gold-backed currency that could shake the financial world. This move will give them unprecedented power over global finance. And could divert trillions from U.S. Treasury bonds.Discover these 4 simple steps here >>> About Confluent Stock (NASDAQ:CFLT)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. It offers connectors for existing applications, and IT and cloud infrastructure; Apache Flink services that allows teams to create reusable data streams that can be delivered real-time; ksqlDB, a data-in-motion database that allows users to build data-in-motion applications using a few SQL statements; stream governance, a managed data governance suite that is designed for the intricacies of streaming data, which allows teams to accelerate data streaming initiatives without bypassing controls for risk management and regulatory compliance; and stream designer which builds streaming data pipelines visually. In addition, the company offers professional services comprising packaged and residency offerings; education offerings consisting of instructor-led and self-paced training and certification guidance, technical resources, and access to hands-on training and certification exams; and certification programs. It serves banking and financial services industries, as well as retail and e-commerce, manufacturing, automotive, communication service providers, gaming, public sector, insurance, and technology industries. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.Read More CFLT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CFLT Stock News HeadlinesJune 11, 2024 | insidertrades.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) Insider Sells 63,729 Shares of StockJune 8, 2024 | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) CEO Sells $6,084,525.00 in StockJune 6, 2024 | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) Director Lara Caimi Sells 5,399 SharesJune 1, 2024 | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) Insider Sells $1,924,615.80 in StockMay 24, 2024 | insidertrades.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) Director Sells 61,905 Shares of StockMay 23, 2024 | insidertrades.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) CMO Sells 3,794 Shares of StockJune 12, 2024 | investorplace.com7 Growth Stocks BlackRock Is Buying (and You Should Too)June 11, 2024 | americanbankingnews.comNeedham & Company LLC Reaffirms Buy Rating for Confluent (NASDAQ:CFLT)June 11, 2024 | americanbankingnews.comEvercore ISI Begins Coverage on Confluent (NASDAQ:CFLT)June 11, 2024 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Insider Erica Schultz Sells 63,729 SharesJune 10, 2024 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Given Average Rating of "Moderate Buy" by AnalystsJune 9, 2024 | americanbankingnews.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) CEO Sells 232,500 Shares of StockJune 5, 2024 | businesswire.comNew Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts CostsJune 3, 2024 | seekingalpha.comConfluent's 2025 Outlook: Self-Sufficiency On The CardsMay 28, 2024 | theglobeandmail.comScoop Up This Disruptive Growth Stock for 22% UpsideMay 25, 2024 | seekingalpha.comConfluent: Q1 Review, Cloud Revenue Sees Acceleration, Maintaining 'Buy' RatingMay 23, 2024 | finance.yahoo.comInsider Sale: CFO Rohan Sivaram Sells 21,045 Shares of Confluent Inc (CFLT)May 23, 2024 | finance.yahoo.comInsider Sale: Chief Technology Officer Chad Verbowski Sells 13,413 Shares of Confluent Inc (CFLT)May 22, 2024 | investorplace.com7 Must-Buy Stocks if You Only Have $1,000 to Spend: May EditionMay 20, 2024 | finance.yahoo.comAre Options Traders Betting on a Big Move in Confluent (CFLT) Stock?May 18, 2024 | msn.comOppenheimer Initiates Coverage of Confluent (CFLT) with Outperform RecommendationMay 17, 2024 | msn.comConfluent Set to Capture Major Market Share with Unique Streaming Tech: Oppenheimer AnalystMay 17, 2024 | msn.comOppenheimer bullish on 'disruptive innovator' Confluent, starts coverageMay 16, 2024 | fool.com1 Top Growth Stock You Will Regret Not Buying Right Now Before It SoarsMay 13, 2024 | businesswire.comConfluent to Present at Upcoming Investor ConferencesSee More Headlines Receive CFLT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Confluent and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/07/2024Today6/17/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:CFLT CUSIPN/A CIK1699838 Webwww.confluent.io Phone800-439-3207FaxN/AEmployees2,744Year FoundedN/APrice Target and Rating Average Stock Price Target$32.93 High Stock Price Target$40.00 Low Stock Price Target$21.00 Potential Upside/Downside+18.5%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage28 Analysts Profitability EPS (Most Recent Fiscal Year)($1.25) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-442,750,000.00 Net Margins-46.73% Pretax Margin-42.23% Return on Equity-40.55% Return on Assets-13.56% Debt Debt-to-Equity Ratio1.29 Current Ratio5.07 Quick Ratio5.07 Sales & Book Value Annual Sales$776.95 million Price / Sales11.37 Cash FlowN/A Price / Cash FlowN/A Book Value$2.60 per share Price / Book10.69Miscellaneous Outstanding Shares317,830,000Free Float273,910,000Market Cap$8.83 billion OptionableOptionable Beta0.88 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. Edward Kreps (Age 43)Co-Founder, Chairman & CEO Comp: $380kKey CompetitorsF5NASDAQ:FFIVToastNYSE:TOSTQualtrics InternationalNASDAQ:XMClouderaNYSE:CLDRRingCentralNYSE:RNGView All CompetitorsInsiders & InstitutionsErica SchultzSold 63,729 sharesTotal: $1.66 M ($26.01/share)Edward Jay KrepsSold 232,500 sharesTotal: $6.08 M ($26.17/share)DekaBank Deutsche GirozentraleBought 857 shares on 6/4/2024Ownership: 0.003%Hamilton Lane Advisors LLCBought 62,718 shares on 6/3/2024Ownership: 0.020%Lara CaimiSold 5,399 sharesTotal: $139,726.12 ($25.88/share)View All Insider TransactionsView All Institutional Transactions CFLT Stock Analysis - Frequently Asked Questions Should I buy or sell Confluent stock right now? 28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CFLT shares. View CFLT analyst ratings or view top-rated stocks. What is Confluent's stock price target for 2024? 28 analysts have issued 12 month price targets for Confluent's stock. Their CFLT share price targets range from $21.00 to $40.00. On average, they anticipate the company's share price to reach $32.93 in the next year. This suggests a possible upside of 18.5% from the stock's current price. View analysts price targets for CFLT or view top-rated stocks among Wall Street analysts. How have CFLT shares performed in 2024? Confluent's stock was trading at $23.40 on January 1st, 2024. Since then, CFLT stock has increased by 18.8% and is now trading at $27.79. View the best growth stocks for 2024 here. Are investors shorting Confluent? Confluent saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 19,140,000 shares, an increase of 6.5% from the May 15th total of 17,980,000 shares. Based on an average daily volume of 3,470,000 shares, the days-to-cover ratio is presently 5.5 days. Currently, 8.2% of the shares of the company are short sold. View Confluent's Short Interest. When is Confluent's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our CFLT earnings forecast. How were Confluent's earnings last quarter? Confluent, Inc. (NASDAQ:CFLT) issued its quarterly earnings data on Tuesday, May, 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.04. The firm earned $217.24 million during the quarter, compared to analysts' expectations of $211.57 million. Confluent had a negative net margin of 46.73% and a negative trailing twelve-month return on equity of 40.55%. What ETFs hold Confluent's stock? ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Spear Alpha ETF (SPRX), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Jacob Forward ETF (JFWD), BlackRock Future Innovators ETF (BFTR), Fidelity Disruptive Technology ETF (FDTX), Renaissance IPO ETF (IPO) and Amplify Global Cloud Technology ETF (IVES). What guidance has Confluent issued on next quarter's earnings? Confluent issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of 0.040-0.050 for the period, compared to the consensus estimate of 0.040. The company issued revenue guidance of $229.0 million-$230.0 million, compared to the consensus revenue estimate of $229.3 million. When did Confluent IPO? Confluent (CFLT) raised $713 million in an initial public offering on Thursday, June 24th 2021. The company issued 23,000,000 shares at $29.00-$33.00 per share. Morgan Stanley, J.P. Morgan, Goldman Sachs, BofA Securities and Citigroup acted as the underwriters for the IPO and Barclays, Credit Suisse, Deutsche Bank Securities, UBS Securities, Wells Fargo Securities, Cowen, D.A. Davidson, JMP Securities, KeyBanc Capital Markets and Piper Sandler were co-managers. Who are Confluent's major shareholders? Confluent's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.31%), Price T Rowe Associates Inc. MD (5.62%), 1832 Asset Management L.P. (1.90%), Capital Research Global Investors (1.76%), Champlain Investment Partners LLC (1.52%) and Jacobs Levy Equity Management Inc. (0.37%). Insiders that own company stock include An-Yen Hu, Brad Gerstner, Chad Verbowski, Chetan Puttagunta, Edward Jay Kreps, Eric Vishria, Erica Schultz, Jonathan Chadwick, Lara Caimi, Michelangelo Volpi, Neha Narkhede, Peter H Fenton, Rohan Sivaram, Steffan Tomlinson, Stephanie Buscemi, Steven M Spurlock, Ventures Vii (Jersey) L Index and Ying Christina Liu. View institutional ownership trends. How do I buy shares of Confluent? Shares of CFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CFLT) was last updated on 6/17/2024 by MarketBeat.com Staff From Our PartnersAI's Next Magnificent SevenThe Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years.The Oxford Club | SponsoredBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. 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