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

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.
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26 brokerages have issued 1 year target prices for Confluent's stock. Their CFLT share price targets range from $21.00 to $42.00. On average, they anticipate the company's share price to reach $29.67 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price.
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Confluent's stock was trading at $22.24 at the beginning of 2023. Since then, CFLT stock has decreased by 7.8% and is now trading at $20.50.
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Confluent saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 20,820,000 shares, a decrease of 17.6% from the October 31st total of 25,260,000 shares. Based on an average daily volume of 5,080,000 shares, the short-interest ratio is currently 4.1 days. Approximately 10.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our CFLT earnings forecast.

Confluent, Inc. (NASDAQ:CFLT) announced its quarterly earnings results on Wednesday, November, 1st. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by $0.01. The business had revenue of $200.18 million for the quarter, compared to the consensus estimate 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%.

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).

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 EPS estimate of $0.05. The company issued revenue guidance of $204-$205 million, compared to the consensus revenue estimate of $212.27 million.

(CFLT) raised $713 million in an initial public offering on Thursday, June 24th 2021. The company issued 23,000,000 shares at a price of $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.

Confluent's stock is owned by many different institutional and retail investors. Top institutional shareholders 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.
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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.
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