NASDAQ:CFLT Confluent (CFLT) Stock Forecast, Price & News $28.75 -0.88 (-2.97%) (As of 10:15 AM ET) Add Compare Share Share Today's Range$28.75▼$29.4650-Day Range$28.41▼$36.8252-Week Range$16.60▼$41.22Volume449,077 shsAverage Volume3.95 million shsMarket Capitalization$8.69 billionP/E RatioN/ADividend YieldN/APrice Target$36.90 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Confluent MarketRank™ ForecastAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside24.6% Upside$36.90 Price TargetShort InterestBearish11.93% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.53Based on 13 Articles This WeekInsider TradingSelling Shares$16.99 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.09) to ($0.89) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.96 out of 5 starsBusiness Services Sector215th out of 321 stocksPrepackaged Software Industry151st out of 210 stocks 3.4 Analyst's Opinion Consensus RatingConfluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 15 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.90, Confluent has a forecasted upside of 24.6% from its current price of $29.63.Amount of Analyst CoverageConfluent has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted11.93% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 6.4.Change versus previous monthShort interest in Confluent has recently increased by 10.26%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldConfluent does not currently pay a dividend.Dividend GrowthConfluent does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CFLT. Previous Next 2.0 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 0.53. 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 lower news sentiment than the 0.68 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Confluent this week, compared to 4 articles on an average week.Search InterestOnly 9 people have searched for CFLT on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn 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 $16,989,244.00 in company stock.Percentage Held by Insiders22.08% 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 Institutions59.30% of the stock of Confluent is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Confluent are expected to grow in the coming year, from ($1.09) to ($0.89) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Confluent is -17.96, 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. SectorThe P/E ratio of Confluent is -17.96, 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 RatioConfluent has a P/B Ratio of 11.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Confluent (NASDAQ:CFLT) StockConfluent, 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.Read More CFLT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CFLT Stock News HeadlinesSeptember 30, 2023 | americanbankingnews.comConfluent (NASDAQ:CFLT) Stock Rating Reaffirmed by William BlairSeptember 29, 2023 | markets.businessinsider.comConfluent’s Promising Outlook: Data Streaming Growth and Innovative Solutions Drive Buy RatingOctober 3, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."September 27, 2023 | markets.businessinsider.comConfluent (CFLT) Gets a Buy from D.A. DavidsonSeptember 26, 2023 | finance.yahoo.comConfluent Unveils Data Streaming for AI to Simplify and Accelerate the Development of Real-Time AI ApplicationsSeptember 26, 2023 | finance.yahoo.comConfluent Unveils Apache Flink® on Confluent Cloud, Making it Easier to Build Real-Time Applications with Stream Processing on a Unified PlatformSeptember 26, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) CAO Ying Christina Liu Sells 416 Shares of StockSeptember 26, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) CFO Rohan Sivaram Sells 860 Shares of StockOctober 3, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."September 26, 2023 | americanbankingnews.comChad Verbowski Sells 8,519 Shares of Confluent, Inc. (NASDAQ:CFLT) StockSeptember 26, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) CTO Chad Verbowski Sells 8,519 SharesSeptember 26, 2023 | americanbankingnews.comConfluent (NASDAQ:CFLT) Given "Buy" Rating at Needham & Company LLCSeptember 22, 2023 | finance.yahoo.comA Look At The Intrinsic Value Of Confluent, Inc. (NASDAQ:CFLT)September 21, 2023 | msn.comConfluent: Streaming To SuccessSeptember 20, 2023 | finance.yahoo.comIs Confluent Stock a Buy, Sell, or Hold?September 20, 2023 | seekingalpha.comConfluent's Uncertain Path Amid Rich ValuationSeptember 14, 2023 | finance.yahoo.comDirector Jonathan Chadwick Sells 16,625 Shares of Confluent Inc (CFLT)September 13, 2023 | finance.yahoo.comA Few Years From Now, You'll Wish You'd Followed 2 of Wall Street's Top Billionaire Investors Into This StockSeptember 12, 2023 | finance.yahoo.comConfluent Announces the Data Streaming Startup ChallengeSeptember 1, 2023 | msn.comCanaccord Genuity Initiates Coverage of Confluent Inc (CFLT) with Buy RecommendationAugust 31, 2023 | msn.comConfluent Inc (CFLT) Price Target Increased by 5.29% to 40.59August 29, 2023 | tmcnet.comConfluent Expands Partnership with Google Cloud as it's Named a Google Cloud Technology Partner of the Year for the Fourth TimeAugust 29, 2023 | finance.yahoo.comConfluent Expands Partnership with Google Cloud as it’s Named a Google Cloud Technology Partner of the Year for the Fourth TimeAugust 27, 2023 | msn.comThese 3 Growth Stocks Are Brilliant Buys Right NowAugust 25, 2023 | benzinga.comConfluent Unusual Options ActivityAugust 24, 2023 | msn.comIs Confluent Stock Overvalued? Don't Be FooledAugust 18, 2023 | msn.comConfluent: Reiterate My Buy Recommendation As CFLT Continues To Deliver GrowthSee 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. Email Address CFLT Company Calendar Last Earnings8/02/2023Today10/03/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:CFLT CUSIPN/A CIK1699838 Webwww.confluent.io Phone800-439-3207FaxN/AEmployees2,761Year FoundedN/APrice Target and Rating Average Stock Price Forecast$36.90 High Stock Price Forecast$45.00 Low Stock Price Forecast$21.00 Forecasted Upside/Downside+24.6%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage21 Analysts Profitability EPS (Most Recent Fiscal Year)($1.65) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-452,550,000.00 Net Margins-69.87% Pretax Margin-68.79% Return on Equity-54.53% Return on Assets-17.98% Debt Debt-to-Equity Ratio1.43 Current Ratio5.05 Quick Ratio5.05 Sales & Book Value Annual Sales$585.94 million Price / Sales15.29 Cash FlowN/A Price / Cash FlowN/A Book Value$2.66 per share Price / Book11.14Miscellaneous Outstanding Shares302,420,000Free Float235,647,000Market Cap$8.96 billion OptionableNot Optionable Beta1.03 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Edward Kreps (Age 43)Co-Founder, Chairman & CEO Comp: $380kMs. Neha Narkhede (Age 37)Co-Founder & Director Comp: $30kMr. Chad Verbowski (Age 49)Chief Technology Officer Comp: $634.25kMs. Stephanie Buscemi (Age 51)Chief Marketing Officer Comp: $626.88kMs. Erica Ruliffson Schultz (Age 49)Pres of Field Operations Comp: $799.5kMr. Jun RaoCo-FounderMr. Rohan SivaramChief Financial OfficerMs. Ying LiuChief Accounting OfficerShane XieInvestor Relations OfficerMs. Melanie D. Vinson (Age 52)Chief Legal Officer More ExecutivesKey CompetitorsProcore TechnologiesNYSE:PCORDocuSignNASDAQ:DOCUUiPathNYSE:PATHElasticNYSE:ESTCFull Truck AllianceNYSE:YMMView All CompetitorsInsiders & InstitutionsChad VerbowskiSold 8,519 sharesTotal: $253,866.20 ($29.80/share)Rohan SivaramSold 860 sharesTotal: $25,628.00 ($29.80/share)Barclays PLCBought 53,600 shares on 9/21/2023Ownership: 0.000%Ying Christina LiuSold 416 sharesTotal: $12,396.80 ($29.80/share)Jonathan ChadwickSold 16,625 sharesTotal: $561,758.75 ($33.79/share)View All Insider TransactionsView All Institutional Transactions CFLT Stock - Frequently Asked Questions Should I buy or sell Confluent stock right now? 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023? 21 brokers have issued 12-month price targets for Confluent's stock. Their CFLT share price forecasts range from $21.00 to $45.00. On average, they anticipate the company's stock price to reach $36.90 in the next year. This suggests a possible upside of 24.6% 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 33.2% and is now trading at $29.63. View the best growth stocks for 2023 here. Are investors shorting Confluent? Confluent saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 23,760,000 shares, an increase of 10.3% from the August 31st total of 21,550,000 shares. Based on an average daily trading volume, of 3,700,000 shares, the days-to-cover ratio is currently 6.4 days. Currently, 11.9% of the company's shares 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 Wednesday, November 1st 2023. View our CFLT earnings forecast. How were Confluent's earnings last quarter? Confluent, Inc. (NASDAQ:CFLT) announced its earnings results on Wednesday, August, 2nd. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.01. The business earned $189.29 million during the quarter, compared to analyst estimates of $182.18 million. Confluent had a negative net margin of 69.87% and a negative trailing twelve-month return on equity of 54.53%. 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 third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of -$0.01-0 for the period, compared to the consensus estimate of -$0.05. The company issued revenue guidance of $193.50 million-$195.50 million, compared to the consensus revenue estimate of $176.11 million. When did Confluent IPO? (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. What is Confluent's stock symbol? Confluent trades on the NASDAQ under the ticker symbol "CFLT." 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. What is Confluent's stock price today? One share of CFLT stock can currently be purchased for approximately $29.63. How much money does Confluent make? Confluent (NASDAQ:CFLT) has a market capitalization of $8.96 billion and generates $585.94 million in revenue each year. The company earns $-452,550,000.00 in net income (profit) each year or ($1.65) on an earnings per share basis. How many employees does Confluent have? The company employs 2,761 workers across the globe. How can I contact Confluent? The official website for the company is www.confluent.io. The company can be reached via phone at 800-439-3207 or via email at investors@confluent.io. This page (NASDAQ:CFLT) was last updated on 10/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Confluent, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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