Q2 Earnings Forecast for Confluent Issued By DA Davidson

Confluent, Inc. (NASDAQ:CFLT - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 EPS estimates for shares of Confluent in a report issued on Thursday, May 1st. DA Davidson analyst R. Kessinger forecasts that the company will post earnings per share of ($0.22) for the quarter. DA Davidson currently has a "Buy" rating and a $28.00 target price on the stock. The consensus estimate for Confluent's current full-year earnings is ($0.83) per share.

A number of other analysts also recently weighed in on the company. Needham & Company LLC cut their target price on Confluent from $40.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday. Stifel Nicolaus reduced their price objective on shares of Confluent from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday. Robert W. Baird dropped their target price on shares of Confluent from $37.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday. Bank of America lifted their price objective on shares of Confluent from $26.00 to $31.00 and gave the company an "underperform" rating in a research note on Wednesday, February 12th. Finally, JMP Securities cut their target price on Confluent from $40.00 to $36.00 and set a "market outperform" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.28.

Confluent Price Performance

Shares of CFLT stock traded up $0.38 during trading on Friday, hitting $19.82. The company had a trading volume of 14,045,294 shares, compared to its average volume of 4,709,175. The firm has a market capitalization of $6.62 billion, a P/E ratio of -18.35 and a beta of 1.03. Confluent has a one year low of $17.79 and a one year high of $37.90. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.24 and a current ratio of 3.99. The stock's 50-day moving average price is $24.45 and its 200 day moving average price is $27.45.

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

Insider Buying and Selling

In other news, CAO Kong Phan sold 3,175 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $26.86, for a total transaction of $85,280.50. Following the completion of the sale, the chief accounting officer now owns 246,516 shares of the company's stock, valued at $6,621,419.76. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Erica Schultz sold 150,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $35.82, for a total transaction of $5,373,000.00. Following the transaction, the insider now owns 678,016 shares in the company, valued at $24,286,533.12. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,200,746 shares of company stock valued at $38,505,150 over the last quarter. Insiders own 13.82% of the company's stock.

Institutional Trading of Confluent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in shares of Confluent during the first quarter valued at approximately $26,000. Credit Industriel ET Commercial bought a new stake in Confluent during the 4th quarter valued at $28,000. Versant Capital Management Inc raised its holdings in Confluent by 2,458.2% during the first quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock worth $40,000 after buying an additional 1,647 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Confluent by 354.0% in the fourth quarter. Blue Trust Inc. now owns 2,061 shares of the company's stock valued at $58,000 after buying an additional 1,607 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Confluent during the fourth quarter valued at about $59,000. 78.09% of the stock is owned by institutional investors.

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.