What is DA Davidson's Forecast for Confluent Q3 Earnings?

Key Points

• DA Davidson has issued a Q3 2025 earnings estimate for Confluent, expecting a loss of ($0.15) per share, with a "Buy" rating and a price target set at $24.00.
• In its latest earnings report, Confluent reported $0.09 earnings per share, surpassing expectations, with revenue growing 20.1% year-over-year to $282.29 million.
• Analyst ratings for Confluent show a mix of opinions, with a consensus of 10 "Buy" ratings, 1 "Sell", and 20 "Hold" ratings, suggesting a generally positive outlook on the stock.

Confluent, Inc. (NASDAQ:CFLT - Free Report) - Stock analysts at DA Davidson issued their Q3 2025 earnings per share estimates for shares of Confluent in a research note issued to investors on Thursday, July 31st. DA Davidson analyst R. Kessinger expects that the company will post earnings per share of ($0.15) for the quarter. DA Davidson currently has a "Buy" rating and a $24.00 target price on the stock. The consensus estimate for Confluent's current full-year earnings is ($0.83) per share.

Confluent (NASDAQ:CFLT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%. The company had revenue of $282.29 million for the quarter, compared to the consensus estimate of $278.32 million. During the same period last year, the business posted $0.06 EPS. The company's quarterly revenue was up 20.1% compared to the same quarter last year.

Several other brokerages have also commented on CFLT. TD Cowen reiterated a "hold" rating and issued a $24.00 target price on shares of Confluent in a research report on Thursday. Scotiabank reduced their price objective 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. Truist Financial reduced their price objective on Confluent from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Capital One Financial set a $21.00 price objective on Confluent in a research report on Thursday. Finally, Royal Bank Of Canada cut their target price on Confluent from $28.00 to $25.00 and set an "outperform" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $27.54.

Confluent Stock Down 3.0%

Shares of CFLT stock traded down $0.53 during trading hours on Friday, reaching $17.20. The company had a trading volume of 19,531,383 shares, compared to its average volume of 8,039,751. The company has a debt-to-equity ratio of 1.03, a quick ratio of 4.42 and a current ratio of 3.98. Confluent has a twelve month low of $16.56 and a twelve month high of $37.90. The company has a market capitalization of $5.85 billion, a P/E ratio of -18.30 and a beta of 0.96. The stock's fifty day simple moving average is $24.34 and its 200 day simple moving average is $25.36.

Hedge Funds Weigh In On Confluent

Several large investors have recently made changes to their positions in CFLT. ProShare Advisors LLC raised its holdings in Confluent by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 10,774 shares of the company's stock valued at $301,000 after acquiring an additional 328 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Confluent by 4.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,557 shares of the company's stock valued at $323,000 after acquiring an additional 458 shares in the last quarter. Amalgamated Bank raised its holdings in Confluent by 3.4% in the 1st quarter. Amalgamated Bank now owns 16,995 shares of the company's stock valued at $398,000 after acquiring an additional 566 shares in the last quarter. GAMMA Investing LLC raised its holdings in Confluent by 26.8% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $73,000 after acquiring an additional 661 shares in the last quarter. Finally, Jasper Ridge Partners L.P. raised its holdings in Confluent by 4.8% in the 4th quarter. Jasper Ridge Partners L.P. now owns 14,409 shares of the company's stock valued at $403,000 after acquiring an additional 664 shares in the last quarter. Institutional investors and hedge funds own 78.09% of the company's stock.

Insider Buying and Selling

In other Confluent news, Director Lara Caimi sold 2,864 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $24.10, for a total value of $69,022.40. Following the completion of the sale, the director owned 4,296 shares of the company's stock, valued at $103,533.60. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kong Phan sold 3,575 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $23.49, for a total value of $83,976.75. Following the transaction, the chief accounting officer directly owned 239,742 shares of the company's stock, valued at $5,631,539.58. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 486,669 shares of company stock valued at $11,439,593. 9.20% of the stock is owned by corporate insiders.

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.