Should I buy or sell Confluent stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 1 sell rating, 6 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street 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?

26 analysts have issued twelve-month target prices for Confluent's shares. Their CFLT share price targets range from $21.00 to $42.00. On average, they predict the company's stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 28.8% 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 2023?

Confluent's stock was trading at $22.24 at the beginning of 2023. Since then, CFLT shares have increased by 3.6% and is now trading at $23.04. View the best growth stocks for 2023 here .

Are investors shorting Confluent?

Confluent saw a drop in short interest in November. As of November 15th, there was short interest totaling 20,820,000 shares, a drop of 17.6% from the October 31st total of 25,260,000 shares. Based on an average trading volume of 5,080,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 10.1% of the shares of the stock 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 Monday, January 29th 2024. View our CFLT earnings forecast .

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) announced its quarterly earnings results on Wednesday, November, 1st. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by $0.01. The company had revenue of $200.18 million for the quarter, compared to analyst estimates of $194.82 million. Confluent had a negative trailing twelve-month return on equity of 50.81% and a negative net margin of 62.06%.

What ETFs hold Confluent's stock?

ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include Spear Alpha ETF (SPRX) , ProShares Big Data Refiners ETF (DAT) , Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO) , iShares Future Cloud 5G and Tech ETF (IDAT) , Invesco Dorsey Wright Technology Momentum ETF (PTF) , BlackRock Future Innovators ETF (BFTR) , Wedbush ETFMG Global Cloud Technology ETF (IVES) and First Trust Cloud Computing ETF (SKYY) .

What guidance has Confluent issued on next quarter's earnings?

Confluent issued an update on its fourth quarter earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $0.05 for the period, compared to the consensus estimate of $0.05. The company issued revenue guidance of $204-$205 million, compared to the consensus revenue estimate of $212.27 million.

When did Confluent IPO?

(CFLT) raised $713 million in an IPO 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 variety of institutional and retail investors. Top institutional investors include Invesco Ltd. (1.24%), Atreides Management LP (0.98%), Polar Capital Holdings Plc (0.63%), Charles Schwab Investment Management Inc. (0.60%), Allspring Global Investments Holdings LLC (0.50%) and Fred Alger Management LLC (0.45%). Insiders that own company stock include An-Yen Hu, Brad Gerstner , Chad Verbowski, Chetan Puttagunta , Edward Jay Kreps , 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Confluent Stock Price, News & Analysis (NASDAQ:CFLT)

$23.04

-0.17 (-0.73%)

(As of 12/7/2023 ET)

Compare

Today's Range: $22.51
▼
$23.33
50-Day Range: $16.28
▼
$31.50
52-Week Range: $14.69
▼
$41.22

Volume: 3.12 million shs
Average Volume: 4.39 million shs
Market Capitalization: $7.09 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $29.67

Confluent MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.69 Rating Score
Upside/Downside: 28.8% Upside
$29.67 Price Target
Short Interest: Healthy
10.07% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.66
Based on 8 Articles This Week
Insider Trading: Selling Shares
$3.28 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.05) to ($0.84) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.58 out of 5 stars

Business Services Sector

52nd out of 257 stocks

Prepackaged Software Industry

22nd out of 170 stocks

4.3

Analyst's Opinion

Consensus Rating
Confluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 19 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $29.67, Confluent has a forecasted upside of 28.8% from its current price of $23.04.
Amount of Analyst Coverage
Confluent has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
10.07% of the float of Confluent has been sold short.
Short Interest Ratio / Days to Cover
Confluent has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Confluent has recently decreased by 17.58%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Confluent does not currently pay a dividend.
Dividend Growth
Confluent does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CFLT.

2.6

News and Social Media Coverage

News Sentiment
Confluent has a news sentiment score of 0.66. 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 higher news sentiment than the 0.48 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Confluent this week, compared to 4 articles on an average week.
Search Interest
Only 24 people have searched for CFLT on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 $3,283,252.00 in company stock.
Percentage Held by Insiders
22.08% 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 Institutions
59.30% of the stock of Confluent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Confluent are expected to grow in the coming year, from ($1.05) to ($0.84) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Confluent is -14.96, 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. Sector
The P/E ratio of Confluent is -14.96, 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 Ratio
Confluent has a P/B Ratio of 8.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Confluent Stock (NASDAQ:CFLT)

Confluent, Inc. operates a data streaming platform in the United States and internationally. The company offers Confluent Cloud, a managed cloud-native service for connecting and processing real-time data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data. It also provides Kafka Connect, an open-source component that works as a centralized data hub for simple data integration between databases, key-value stores, search indexes, and file systems; ksqlDB, a database for stream processing applications; and stream governance, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of Apache Kafka without bypassing requirements for risk management and regulatory compliance. In addition, the company offers training and professional services. It serves automotive, communication, financial services, gaming, government, insurance, manufacturing, retail and ecommerce, 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.

CFLT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CFLT Stock News Headlines

December 6, 2023 | finance.yahoo.com

Confluent Named a Leader in Streaming Data Platforms

December 6, 2023 | msn.com

Why Confluent Stock Plunged 27% Lower Last Month

December 8, 2023 | DTI Trader (Ad)

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December 3, 2023 | americanbankingnews.com

Insider Selling: Confluent, Inc. (NASDAQ:CFLT) Insider Sells $1,058,000.00 in Stock

December 1, 2023 | finance.yahoo.com

Why Confluent Stock Was Racing Higher This Week

November 30, 2023 | seekingalpha.com

Confluent: Expectations Reset, Upgrading To Buy

November 30, 2023 | finance.yahoo.com

Should Investors Buy the Dip in Confluent Stock?

November 29, 2023 | americanbankingnews.com

Confluent (NASDAQ:CFLT) Receives New Coverage from Analysts at Sanford C. Bernstein

December 8, 2023 | DTI Trader (Ad)

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November 29, 2023 | americanbankingnews.com

Stock Traders Buy High Volume of Call Options on Confluent (NASDAQ:CFLT)

November 28, 2023 | finance.yahoo.com

Why Confluent Was Bouncing Back Strong Today

November 28, 2023 | finance.yahoo.com

Confluent Recognized as a Leader in Cloud Data Pipelines

November 28, 2023 | realmoney.thestreet.com

Confluent initiated with an Outperform at Bernstein

November 28, 2023 | msn.com

Confluent rises as Bernstein calls it the 'Switzerland' of the cloud

November 28, 2023 | markets.businessinsider.com

What 19 Analyst Ratings Have To Say About Confluent

November 28, 2023 | finance.yahoo.com

Why Confluent (CFLT) Stock Is Trading Up Today

November 27, 2023 | seekingalpha.com

Confluent: Crash Due To Broken Narrative

November 23, 2023 | finance.yahoo.com

Confluent Inc's CTO Chad Verbowski Sells 8,859 Shares: An Insider Sell Analysis

November 21, 2023 | insidermonkey.com

Brad Gerstner Stock Portfolio: 5 Top Stock Picks

November 16, 2023 | seekingalpha.com

Confluent: Despite A Transitory Step Back, The Actual Motion Shows Progress

November 15, 2023 | seekingalpha.com

Confluent: Rating Downgrade Due To Change In Sales Strategy And Macro Risk

November 14, 2023 | finance.yahoo.com

1 Unstoppable Stock Down 81% to Buy Hand Over Fist, According to Wall Street

November 9, 2023 | finance.yahoo.com

The Market Hated Financial Results for These 4 Stocks. Are Investors Getting It All Wrong?

November 9, 2023 | msn.com

Capital One Upgrades Confluent Inc (CFLT)

November 8, 2023 | markets.businessinsider.com

18 Analysts Have This to Say About Confluent

November 8, 2023 | finance.yahoo.com

Zacks.com featured highlights include Confluent, Pinterest, ICON and ImmunoGen

November 8, 2023 | msn.com

Snowflake, MongoDB, Confluent get upgrades at CapitalOne after Datadog results

See More Headlines

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Company Calendar

Last Earnings: 11/01/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/29/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:CFLT
CUSIP: N/A
CIK: 1699838
Web: www.confluent.io
Phone: 800-439-3207
Fax: N/A
Employees: 2,761
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $29.67
High Stock Price Target: $42.00
Low Stock Price Target: $21.00
Potential Upside/Downside: +28.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.69
Research Coverage: 26 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.54)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-452,550,000.00
Net Margins: -62.06%
Pretax Margin: -61.09%
Return on Equity: -50.81%
Return on Assets: -16.70%

Debt

Debt-to-Equity Ratio: 1.38
Current Ratio: 4.98
Quick Ratio: 4.98

Sales & Book Value

Annual Sales: $732.43 million
Price / Sales: 9.68
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.66 per share
Price / Book: 8.66

Miscellaneous

Outstanding Shares: 307,875,000
Free Float: 239,896,000
Market Cap: $7.09 billion
Optionable: Not Optionable
Beta: 0.66

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Key Executives

Mr. Edward Kreps (Age 43)
Co-Founder, Chairman & CEO
Comp: $380k
Ms. Neha Narkhede (Age 37)
Co-Founder & Director
Comp: $30k
Mr. Chad Verbowski (Age 49)
Chief Technology Officer
Comp: $634.25k
Ms. Stephanie Buscemi (Age 51)
Chief Marketing Officer
Comp: $626.88k
Ms. Erica Ruliffson Schultz (Age 49)
President of Field Operations
Comp: $799.5k
Mr. Jun Rao
Co-Founder
Mr. Rohan Sivaram
Chief Financial Officer
Ms. Ying Liu
Chief Accounting Officer
Shane Xie
Investor Relations Officer
Ms. Melanie D. Vinson (Age 52)
Chief Legal Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell Confluent stock right now?: 26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 1 sell rating, 6 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street 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?: 26 analysts have issued twelve-month target prices for Confluent's shares. Their CFLT share price targets range from $21.00 to $42.00. On average, they predict the company's stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 28.8% 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 2023?: Confluent's stock was trading at $22.24 at the beginning of 2023. Since then, CFLT shares have increased by 3.6% and is now trading at $23.04.
View the best growth stocks for 2023 here.
Are investors shorting Confluent?: Confluent saw a drop in short interest in November. As of November 15th, there was short interest totaling 20,820,000 shares, a drop of 17.6% from the October 31st total of 25,260,000 shares. Based on an average trading volume of 5,080,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 10.1% of the shares of the stock 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 Monday, January 29th 2024.
View our CFLT earnings forecast.
How were Confluent's earnings last quarter?: Confluent, Inc. (NASDAQ:CFLT) announced its quarterly earnings results on Wednesday, November, 1st. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by $0.01. The company had revenue of $200.18 million for the quarter, compared to analyst estimates of $194.82 million. Confluent had a negative trailing twelve-month return on equity of 50.81% and a negative net margin of 62.06%.

What ETFs hold Confluent's stock?: ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include Spear Alpha ETF (SPRX), ProShares Big Data Refiners ETF (DAT), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), iShares Future Cloud 5G and Tech ETF (IDAT), Invesco Dorsey Wright Technology Momentum ETF (PTF), BlackRock Future Innovators ETF (BFTR), Wedbush ETFMG Global Cloud Technology ETF (IVES) and First Trust Cloud Computing ETF (SKYY).
What guidance has Confluent issued on next quarter's earnings?: Confluent issued an update on its fourth quarter earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $0.05 for the period, compared to the consensus estimate of $0.05. The company issued revenue guidance of $204-$205 million, compared to the consensus revenue estimate of $212.27 million.
When did Confluent IPO?: (CFLT) raised $713 million in an IPO 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 variety of institutional and retail investors. Top institutional investors include Invesco Ltd. (1.24%), Atreides Management LP (0.98%), Polar Capital Holdings Plc (0.63%), Charles Schwab Investment Management Inc. (0.60%), Allspring Global Investments Holdings LLC (0.50%) and Fred Alger Management LLC (0.45%). Insiders that own company stock include An-Yen Hu, Brad Gerstner, Chad Verbowski, Chetan Puttagunta, Edward Jay Kreps, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CFLT) was last updated on 12/8/2023 by MarketBeat.com Staff

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Confluent Stock Price, News & Analysis (NASDAQ:CFLT)

Confluent MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Confluent Stock (NASDAQ:CFLT)

CFLT Stock Price History

CFLT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CFLT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™