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Confluent (CFLT) Stock Price, News & Analysis

$34.27
-0.03 (-0.09%)
(As of 02:09 PM ET)
Today's Range
$34.01
$35.07
50-Day Range
$21.51
$34.30
52-Week Range
$14.69
$41.22
Volume
3.75 million shs
Average Volume
5.89 million shs
Market Capitalization
$10.71 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
10.8% Downside
$30.81 Price Target
Short Interest
Healthy
8.62% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.84mentions of Confluent in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$40.38 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.92) to ($0.86) 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.

2.57 out of 5 stars

Business Services Sector

159th out of 316 stocks

Prepackaged Software Industry

124th out of 206 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Here’s Why Confluent (CFLT) Shares Detracted
2 Magnificent Growth Stocks to Buy Right Now
Confluent to Present at Upcoming Investor Conferences
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Confluent, Inc. (NASDAQ:CFLT) CMO Sells $87,576.60 in Stock
Confluent, Inc. (NASDAQ:CFLT) CEO Sells $7,546,950.00 in Stock
Confluent Inc CFO Rohan Sivaram Sells 7,234 Shares
Confluent Inc CEO Edward Kreps Sells 232,500 Shares
Decoding Confluent Inc (CFLT): A Strategic SWOT Insight
CFLT Apr 2024 45.000 put
CFLT Jan 2025 7.500 put
CFLT Mar 2024 22.000 call
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Today
3/04/2024
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
2,744
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
-11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
25 Analysts

Profitability

Net Income
$-442,750,000.00
Pretax Margin
-52.34%

Debt

Sales & Book Value

Annual Sales
$776.95 million
Book Value
$2.60 per share

Miscellaneous

Free Float
243,595,000
Market Cap
$10.88 billion
Optionable
Optionable
Beta
0.95
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Key Executives















CFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell Confluent stock right now?

25 Wall Street 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 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 Wall Street research analysts have issued 12 month price objectives for Confluent's stock. Their CFLT share price targets range from $21.00 to $42.00. On average, they predict the company's share price to reach $30.81 in the next year. This suggests that the stock has a possible downside of 10.8%.
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 on January 1st, 2024. Since then, CFLT shares have increased by 47.5% and is now trading at $34.52.
View the best growth stocks for 2024 here
.

Are investors shorting Confluent?

Confluent saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 18,480,000 shares, a decline of 18.3% from the January 31st total of 22,610,000 shares. Based on an average daily trading volume, of 5,340,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 8.6% 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 results on Wednesday, February, 7th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by $0.01. The business earned $213.18 million during the quarter, compared to analysts' expectations of $204.62 million. Confluent had a negative net margin of 56.99% and a negative trailing twelve-month return on equity of 44.16%.

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

Confluent updated 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 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.

Who are Confluent's major shareholders?

Confluent's stock is owned by many different 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 3/4/2024 by MarketBeat.com Staff