NASDAQ:CFLT Confluent (CFLT) Stock Forecast, Price & News $35.44 +0.88 (+2.55%) (As of 06/5/2023 ET) Add Compare Share Share Today's Range$33.46▼$35.4950-Day Range$19.96▼$35.4452-Week Range$16.60▼$35.49Volume5.29 million shsAverage Volume3.85 million shsMarket Capitalization$10.49 billionP/E RatioN/ADividend YieldN/APrice Target$29.80 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Confluent MarketRank™ ForecastAnalyst RatingModerate Buy2.78 Rating ScoreUpside/Downside15.9% Downside$29.80 Price TargetShort InterestBearish10.12% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.08Based on 18 Articles This WeekInsider TradingSelling Shares$40.84 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.26) to ($1.00) 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.1.60 out of 5 starsBusiness Services Sector282nd out of 330 stocksPrepackaged Software Industry176th out of 213 stocks 2.4 Analyst's Opinion Consensus RatingConfluent has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 14 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.80, Confluent has a forecasted downside of 15.9% from its current price of $35.44.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 Shorted10.12% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 5.3.Change versus previous monthShort interest in Confluent has recently increased by 10.81%, 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 1.6 News and Social Media Coverage News SentimentConfluent has a news sentiment score of -0.08. 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 0.48 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 18 news articles for Confluent this week, compared to 5 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 -44% compared to the previous 30 days.MarketBeat Follows11 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is an increase of 57% 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 $40,836,394.00 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 Institutions40.66% 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 ($1.26) to ($1.00) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Confluent is -20.60, 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 -20.60, 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 13.32. 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. It offers Confluent Cloud, a managed cloud-native service for connecting and processing data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data in real-time with the foundational platform for data in motion. It also provides Kafka Connect that enables to build connectors to integrate Apache Kafka with other apps and data 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 real-time data without bypassing requirements for risk management and regulatory compliance. In addition, it also offers training and professional services. 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 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 Stock News HeadlinesJune 6, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Receives $29.80 Consensus PT from AnalystsJune 5, 2023 | msn.comConfluent: The Stock Is Finally Reflecting The Company's ValueJune 6, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 5, 2023 | finance.yahoo.comInstitutional investors are Confluent, Inc.'s (NASDAQ:CFLT) biggest bettors and were rewarded after last week's US$1.7b market cap gainJune 4, 2023 | americanbankingnews.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) CMO Sells $1,501,000.00 in StockJune 2, 2023 | benzinga.comLooking At Confluent's Recent Unusual Options ActivityJune 2, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) CFO Steffan Tomlinson Sells 66,667 SharesJune 2, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Director Michelangelo Volpi Sells 318,635 SharesJune 6, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 1, 2023 | americanbankingnews.comConfluent (NASDAQ:CFLT) Shares Gap Up to $28.71May 30, 2023 | seekingalpha.comConfluent: Margins Are A VulnerabilityMay 30, 2023 | msn.comNeedham Initiates Coverage of Confluent Inc (CFLT) with Buy RecommendationMay 30, 2023 | americanbankingnews.comConfluent (NASDAQ:CFLT) Earns Buy Rating from Analysts at Needham & Company LLCMay 28, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) CMO Sells $93,607.36 in StockMay 28, 2023 | americanbankingnews.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) CTO Sells $241,396.32 in StockMay 27, 2023 | americanbankingnews.comYing Christina Liu Sells 3,496 Shares of Confluent, Inc. (NASDAQ:CFLT) StockMay 23, 2023 | finance.yahoo.comConfluent to Host Investor Day on Tuesday, June 13, 2023May 20, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) CEO Sells $5,438,175.00 in StockMay 20, 2023 | americanbankingnews.comConfluent (NASDAQ:CFLT) Shares Gap Down Following Insider SellingMay 19, 2023 | msn.comWhy Cloudflare, Confluent, and Other Cloud Stocks Soared This WeekMay 16, 2023 | technews.tmcnet.comData Streaming Delivers 2-5x ROI for 76% of Organizations, According to New Confluent ReportMay 16, 2023 | businesswire.comNew Confluent Features Make It Easier and Faster to Connect, Process, and Share Trusted Data, EverywhereMay 12, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Given Average Rating of "Moderate Buy" by AnalystsMay 12, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Director Sells $14,657,164.00 in StockMay 10, 2023 | msn.comLooking Into Confluent's Return On Capital EmployedMay 10, 2023 | benzinga.comConfluent Insider Trades Send a SignalMay 9, 2023 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Expected to Earn Q2 2023 Earnings of ($0.33) Per ShareSee More Headlines CFLT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CFLT Company Calendar Last Earnings5/03/2023Today6/06/2023Next Earnings (Estimated)8/02/2023Fiscal 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$29.80 High Stock Price Forecast$39.00 Low Stock Price Forecast$21.00 Forecasted Upside/Downside-15.9%Consensus RatingModerate Buy Rating Score (0-4)2.78 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)($1.72) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-452,550,000.00 Net Margins-77.61% Pretax Margin-76.46% Return on Equity-56.31% Return on Assets-18.79% Debt Debt-to-Equity Ratio1.46 Current Ratio5.27 Quick Ratio5.27 Sales & Book Value Annual Sales$634.11 million Price / Sales16.55 Cash FlowN/A Price / Cash FlowN/A Book Value$2.66 per share Price / Book13.32Miscellaneous Outstanding Shares296,132,000Free Float230,746,000Market Cap$10.49 billion OptionableNot Optionable Beta0.96 Key ExecutivesMr. Edward Kreps (Age 42)Co-Founder, Chairman & CEO Comp: $350kMs. Neha Narkhede (Age 36)Co-Founder & Director Mr. Steffan C. Tomlinson (Age 51)Chief Financial Officer Comp: $856.38kMs. Erica Ruliffson Schultz (Age 48)Pres of Field Operations Comp: $1.13MMr. Jun RaoCo-FounderMs. Ying LiuChief Accounting OfficerMs. Melanie D. Vinson (Age 51)Chief Legal Officer Mr. Simon HayesVP of Corp. & Bus. Devel.Ms. Stephanie Buscemi (Age 50)Chief Marketing Officer Ms. Gunjan AggarwalChief People OfficerMore ExecutivesKey CompetitorsUiPathNYSE:PATHBlack KnightNYSE:BKIProcore TechnologiesNYSE:PCORGen DigitalNASDAQ:GENDocuSignNASDAQ:DOCUView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 92,319 shares on 6/1/2023Ownership: 0.055%Stephanie BuscemiSold 22,807 sharesTotal: $741,455.57 ($32.51/share)Steffan TomlinsonSold 66,667 sharesTotal: $2.00 M ($30.05/share)Michelangelo VolpiSold 318,635 sharesTotal: $9.84 M ($30.87/share)Stephanie BuscemiSold 50,000 sharesTotal: $1.50 M ($30.02/share)View All Insider TransactionsView All Institutional Transactions CFLT Stock - Frequently Asked Questions Should I buy or sell Confluent stock right now? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CFLT shares. View CFLT analyst ratings or view top-rated stocks. What is Confluent's stock price forecast for 2023? 18 equities research analysts have issued twelve-month price objectives for Confluent's stock. Their CFLT share price forecasts range from $21.00 to $39.00. On average, they expect the company's stock price to reach $29.80 in the next twelve months. This suggests that the stock has a possible downside of 15.9%. 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 start of the year. Since then, CFLT stock has increased by 59.4% and is now trading at $35.44. View the best growth stocks for 2023 here. Are investors shorting Confluent? Confluent saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 17,740,000 shares, an increase of 10.8% from the April 30th total of 16,010,000 shares. Based on an average trading volume of 3,350,000 shares, the days-to-cover ratio is presently 5.3 days. Approximately 10.1% of the shares of the stock 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, August 2nd 2023. View our CFLT earnings forecast. How were Confluent's earnings last quarter? Confluent, Inc. (NASDAQ:CFLT) posted its quarterly earnings data on Wednesday, May, 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.36). The business earned $174.30 million during the quarter, compared to analysts' expectations of $167.12 million. Confluent had a negative trailing twelve-month return on equity of 56.31% and a negative net margin of 77.61%. What ETFs hold Confluent's stock? ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), BlackRock Future Innovators ETF (BFTR), iShares Future Cloud 5G and Tech ETF (IDAT), First Trust Cloud Computing ETF (SKYY), Wedbush ETFMG Global Cloud Technology ETF (IVES), Fidelity Cloud Computing ETF (FCLD) and WisdomTree Cloud Computing Fund (WCLD). What guidance has Confluent issued on next quarter's earnings? Confluent issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of -$0.08--$0.06 for the period, compared to the consensus earnings per share estimate of -$0.10. The company issued revenue guidance of $181.00 million-$183.00 million, compared to the consensus revenue estimate of $181.40 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. What is Confluent's stock symbol? Confluent trades on the NASDAQ under the ticker symbol "CFLT." Who are Confluent's major shareholders? Confluent's stock is owned by a number of institutional and retail investors. Top institutional investors include Davidson Kempner Capital Management LP (0.00%), Altimeter Capital Management LP (4.98%), Price T Rowe Associates Inc. MD (4.29%), Atreides Management LP (1.32%), First Trust Advisors LP (1.31%) and Franklin Resources Inc. (0.88%). 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, 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. What is Confluent's stock price today? One share of CFLT stock can currently be purchased for approximately $35.44. How much money does Confluent make? Confluent (NASDAQ:CFLT) has a market capitalization of $10.49 billion and generates $634.11 million in revenue each year. The company earns $-452,550,000.00 in net income (profit) each year or ($1.72) 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 6/6/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.