S&P 500   5,088.80 (+0.03%)
DOW   39,131.53 (+0.16%)
QQQ   436.78 (-0.29%)
AAPL   182.52 (-1.00%)
MSFT   410.34 (-0.32%)
META   484.03 (-0.43%)
GOOGL   143.96 (-0.09%)
AMZN   174.99 (+0.23%)
TSLA   191.97 (-2.76%)
NVDA   788.17 (+0.36%)
NIO   5.40 (-7.69%)
AMD   176.52 (-2.94%)
BABA   75.96 (-0.22%)
T   16.80 (+1.27%)
F   12.15 (+0.25%)
MU   86.00 (+0.10%)
CGC   3.36 (-0.30%)
GE   153.33 (+1.09%)
DIS   107.74 (+0.09%)
AMC   4.43 (+0.23%)
PFE   27.76 (+0.76%)
PYPL   59.16 (+1.39%)
XOM   103.84 (-0.88%)
S&P 500   5,088.80 (+0.03%)
DOW   39,131.53 (+0.16%)
QQQ   436.78 (-0.29%)
AAPL   182.52 (-1.00%)
MSFT   410.34 (-0.32%)
META   484.03 (-0.43%)
GOOGL   143.96 (-0.09%)
AMZN   174.99 (+0.23%)
TSLA   191.97 (-2.76%)
NVDA   788.17 (+0.36%)
NIO   5.40 (-7.69%)
AMD   176.52 (-2.94%)
BABA   75.96 (-0.22%)
T   16.80 (+1.27%)
F   12.15 (+0.25%)
MU   86.00 (+0.10%)
CGC   3.36 (-0.30%)
GE   153.33 (+1.09%)
DIS   107.74 (+0.09%)
AMC   4.43 (+0.23%)
PFE   27.76 (+0.76%)
PYPL   59.16 (+1.39%)
XOM   103.84 (-0.88%)
S&P 500   5,088.80 (+0.03%)
DOW   39,131.53 (+0.16%)
QQQ   436.78 (-0.29%)
AAPL   182.52 (-1.00%)
MSFT   410.34 (-0.32%)
META   484.03 (-0.43%)
GOOGL   143.96 (-0.09%)
AMZN   174.99 (+0.23%)
TSLA   191.97 (-2.76%)
NVDA   788.17 (+0.36%)
NIO   5.40 (-7.69%)
AMD   176.52 (-2.94%)
BABA   75.96 (-0.22%)
T   16.80 (+1.27%)
F   12.15 (+0.25%)
MU   86.00 (+0.10%)
CGC   3.36 (-0.30%)
GE   153.33 (+1.09%)
DIS   107.74 (+0.09%)
AMC   4.43 (+0.23%)
PFE   27.76 (+0.76%)
PYPL   59.16 (+1.39%)
XOM   103.84 (-0.88%)
S&P 500   5,088.80 (+0.03%)
DOW   39,131.53 (+0.16%)
QQQ   436.78 (-0.29%)
AAPL   182.52 (-1.00%)
MSFT   410.34 (-0.32%)
META   484.03 (-0.43%)
GOOGL   143.96 (-0.09%)
AMZN   174.99 (+0.23%)
TSLA   191.97 (-2.76%)
NVDA   788.17 (+0.36%)
NIO   5.40 (-7.69%)
AMD   176.52 (-2.94%)
BABA   75.96 (-0.22%)
T   16.80 (+1.27%)
F   12.15 (+0.25%)
MU   86.00 (+0.10%)
CGC   3.36 (-0.30%)
GE   153.33 (+1.09%)
DIS   107.74 (+0.09%)
AMC   4.43 (+0.23%)
PFE   27.76 (+0.76%)
PYPL   59.16 (+1.39%)
XOM   103.84 (-0.88%)

Confluent (CFLT) Stock Price, News & Analysis

$33.18
-0.66 (-1.95%)
(As of 02/23/2024 ET)
Today's Range
$33.17
$33.93
50-Day Range
$21.51
$33.96
52-Week Range
$14.69
$41.22
Volume
5.76 million shs
Average Volume
5.99 million shs
Market Capitalization
$10.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$30.81

Confluent MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
7.1% Downside
$30.81 Price Target
Short Interest
Bearish
12.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.56mentions of Confluent in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$38.66 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.91) to ($0.83) Per Share

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.

1.30 out of 5 stars

Business Services Sector

241st out of 314 stocks

Prepackaged Software Industry

169th out of 199 stocks


CFLT stock logo

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

CFLT Stock News Headlines

Confluent Inc CEO Edward Kreps Sells 232,500 Shares
The Retirement of Your Dreams Awaits You…
Imagine it's 2025 and you have the financial freedom to pursue any of your biggest goals. All of this because YOU decided to take action in 2024. The Bitcoin Halving in 2024 could change your life forever...And the strategies outlined in the Crypto Retirement Blueprint will give you what you need to be able to crush the upcoming halving cycle bull run, and potentially retire quickly in wealth.
Decoding Confluent Inc (CFLT): A Strategic SWOT Insight
CFLT Apr 2024 45.000 put
AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
CFLT Jan 2025 7.500 put
Confluent (NASDAQ:CFLT) Price Target Raised to $38.00 at Mizuho
CFLT Mar 2024 22.000 call
Confluent (NASDAQ:CFLT) PT Raised to $37.00 at Royal Bank of Canada
RBC Capital Reaffirms Their Buy Rating on Confluent (CFLT)
Confluent (CFLT) Reported Disappointing Q4
Why Confluent Stock Is Skyrocketing This Week
See 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.

Company Calendar

Last Earnings
1/30/2023
Today
2/23/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:CFLT
Fax
N/A
Employees
2,761
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.81
High Stock Price Target
$42.00
Low Stock Price Target
$21.00
Potential Upside/Downside
-8.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
25 Analysts

Profitability

Net Income
$-442,750,000.00
Pretax Margin
-61.09%

Debt

Sales & Book Value

Annual Sales
$776.95 million
Book Value
$2.66 per share

Miscellaneous

Free Float
239,896,000
Market Cap
$10.37 billion
Optionable
Optionable
Beta
0.69
Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Key Executives















CFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell Confluent stock right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 16 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?

25 equities research 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 anticipate the company's stock price to reach $30.81 in the next year. This suggests that the stock has a possible downside of 7.1%.
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 at the beginning of the year. Since then, CFLT stock has increased by 41.8% and is now trading at $33.18.
View the best growth stocks for 2024 here
.

Are investors shorting Confluent?

Confluent saw a increase in short interest in January. As of January 31st, there was short interest totaling 22,610,000 shares, an increase of 7.2% from the January 15th total of 21,100,000 shares. Based on an average daily volume of 5,250,000 shares, the short-interest ratio is presently 4.3 days. Currently, 12.2% of the shares of the company are sold short.
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, May 1st 2024.
View our CFLT earnings forecast
.

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) posted its quarterly earnings data on Monday, January, 30th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.06. The company earned $168.70 million during the quarter, compared to analyst estimates of $162.53 million. Confluent had a negative trailing twelve-month return on equity of 44.81% and a negative net margin of 56.99%. Confluent's revenue for the quarter was up 40.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS.

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

Confluent issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of 0.000-0.020 for the period, compared to the consensus EPS estimate of 0.020. The company issued revenue guidance of $211.0 million-$212.0 million, compared to the consensus revenue estimate of $210.6 million.

When did Confluent IPO?

(CFLT) raised $713 million in an initial public offering (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 served 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 Vanguard Group Inc. (6.19%), Price T Rowe Associates Inc. MD (4.87%), Altimeter Capital Management LP (4.78%), Capital Research Global Investors (1.99%), Coatue Management LLC (1.86%) and First Trust Advisors LP (1.80%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CFLT) was last updated on 2/23/2024 by MarketBeat.com Staff