Confluent Stock Price, News & Analysis (NASDAQ:CFLT) $23.04 -0.17 (-0.73%) (As of 12/7/2023 ET) Add Compare Share Share Today's Range$22.51▼$23.3350-Day Range$16.28▼$31.5052-Week Range$14.69▼$41.22Volume3.12 million shsAverage Volume4.39 million shsMarket Capitalization$7.09 billionP/E RatioN/ADividend YieldN/APrice Target$29.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Confluent MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.69 Rating ScoreUpside/Downside28.8% Upside$29.67 Price TargetShort InterestHealthy10.07% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.66Based on 8 Articles This WeekInsider TradingSelling Shares$3.28 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.05) to ($0.84) 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.2.58 out of 5 starsBusiness Services Sector52nd out of 257 stocksPrepackaged Software Industry22nd out of 170 stocks 4.3 Analyst's Opinion Consensus RatingConfluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 19 buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.67, Confluent has a forecasted upside of 28.8% from its current price of $23.04.Amount of Analyst CoverageConfluent has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted10.07% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Confluent has recently decreased by 17.58%, indicating that investor sentiment is improving 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 2.6 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 0.66. 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 higher news sentiment than the 0.48 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Confluent this week, compared to 4 articles on an average week.Search InterestOnly 24 people have searched for CFLT on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.MarketBeat FollowsOnly 9 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% 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 $3,283,252.00 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 ($1.05) to ($0.84) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Confluent is -14.96, 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 -14.96, 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 8.66. 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 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.Read More CFLT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CFLT Stock News HeadlinesDecember 6, 2023 | finance.yahoo.comConfluent Named a Leader in Streaming Data PlatformsDecember 6, 2023 | msn.comWhy Confluent Stock Plunged 27% Lower Last MonthDecember 8, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.December 3, 2023 | americanbankingnews.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) Insider Sells $1,058,000.00 in StockDecember 1, 2023 | finance.yahoo.comWhy Confluent Stock Was Racing Higher This WeekNovember 30, 2023 | seekingalpha.comConfluent: Expectations Reset, Upgrading To BuyNovember 30, 2023 | finance.yahoo.comShould Investors Buy the Dip in Confluent Stock?November 29, 2023 | americanbankingnews.comConfluent (NASDAQ:CFLT) Receives New Coverage from Analysts at Sanford C. BernsteinDecember 8, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 29, 2023 | americanbankingnews.comStock Traders Buy High Volume of Call Options on Confluent (NASDAQ:CFLT)November 28, 2023 | finance.yahoo.comWhy Confluent Was Bouncing Back Strong TodayNovember 28, 2023 | finance.yahoo.comConfluent Recognized as a Leader in Cloud Data PipelinesNovember 28, 2023 | realmoney.thestreet.comConfluent initiated with an Outperform at BernsteinNovember 28, 2023 | msn.comConfluent rises as Bernstein calls it the 'Switzerland' of the cloudNovember 28, 2023 | markets.businessinsider.comWhat 19 Analyst Ratings Have To Say About ConfluentNovember 28, 2023 | finance.yahoo.comWhy Confluent (CFLT) Stock Is Trading Up TodayNovember 27, 2023 | seekingalpha.comConfluent: Crash Due To Broken NarrativeNovember 23, 2023 | finance.yahoo.comConfluent Inc's CTO Chad Verbowski Sells 8,859 Shares: An Insider Sell AnalysisNovember 21, 2023 | insidermonkey.comBrad Gerstner Stock Portfolio: 5 Top Stock PicksNovember 16, 2023 | seekingalpha.comConfluent: Despite A Transitory Step Back, The Actual Motion Shows ProgressNovember 15, 2023 | seekingalpha.comConfluent: Rating Downgrade Due To Change In Sales Strategy And Macro RiskNovember 14, 2023 | finance.yahoo.com1 Unstoppable Stock Down 81% to Buy Hand Over Fist, According to Wall StreetNovember 9, 2023 | finance.yahoo.comThe Market Hated Financial Results for These 4 Stocks. Are Investors Getting It All Wrong?November 9, 2023 | msn.comCapital One Upgrades Confluent Inc (CFLT)November 8, 2023 | markets.businessinsider.com18 Analysts Have This to Say About ConfluentNovember 8, 2023 | finance.yahoo.comZacks.com featured highlights include Confluent, Pinterest, ICON and ImmunoGenNovember 8, 2023 | msn.comSnowflake, MongoDB, Confluent get upgrades at CapitalOne after Datadog resultsSee 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 Company Calendar Last Earnings11/01/2023Today12/07/2023Fiscal Year End12/31/2023Next Earnings (Estimated)1/29/2024Get 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 Target$29.67 High Stock Price Target$42.00 Low Stock Price Target$21.00 Potential Upside/Downside+28.8%Consensus RatingModerate Buy Rating Score (0-4)2.69 Research Coverage26 Analysts Profitability EPS (Most Recent Fiscal Year)($1.54) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-452,550,000.00 Net Margins-62.06% Pretax Margin-61.09% Return on Equity-50.81% Return on Assets-16.70% Debt Debt-to-Equity Ratio1.38 Current Ratio4.98 Quick Ratio4.98 Sales & Book Value Annual Sales$732.43 million Price / Sales9.68 Cash FlowN/A Price / Cash FlowN/A Book Value$2.66 per share Price / Book8.66Miscellaneous Outstanding Shares307,875,000Free Float239,896,000Market Cap$7.09 billion OptionableNot Optionable Beta0.66 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?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)President 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 CompetitorsFull Truck AllianceNYSE:YMMKlaviyoNYSE:KVYOSPS CommerceNASDAQ:SPSCToastNYSE:TOSTDuolingoNYSE:DUOLView All CompetitorsInsiders & InstitutionsWellington Management Group LLPSold 12,599 shares on 12/1/2023Ownership: 0.097%Erica SchultzSold 50,000 sharesTotal: $1.06 M ($21.16/share)Deutsche Bank AGSold 792,109 shares on 11/24/2023Ownership: 0.128%Polar Capital Holdings PlcSold 537,703 shares on 11/22/2023Ownership: 0.631%Connors Investor Services Inc.Sold 5,000 shares on 11/22/2023Ownership: 0.047%View All Insider TransactionsView All Institutional Transactions CFLT Stock Analysis - Frequently Asked Questions Should I buy or sell Confluent stock right now? 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. View CFLT analyst ratings or view top-rated stocks. What is Confluent's stock price target for 2024? 26 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 predict the company's stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 28.8% 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 3.6% and is now trading at $23.04. View the best growth stocks for 2023 here. Are investors shorting Confluent? Confluent saw a drop in short interest in November. As of November 15th, there was short interest totaling 20,820,000 shares, a drop of 17.6% from the October 31st total of 25,260,000 shares. Based on an average trading volume of 5,080,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 10.1% of the shares of the stock 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 Monday, January 29th 2024. View our CFLT earnings forecast. How were Confluent's earnings last quarter? Confluent, Inc. (NASDAQ:CFLT) announced its quarterly earnings results on Wednesday, November, 1st. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by $0.01. The company had revenue of $200.18 million for the quarter, compared to analyst estimates 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%. 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 fourth quarter earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $0.05 for the period, compared to the consensus estimate of $0.05. The company issued revenue guidance of $204-$205 million, compared to the consensus revenue estimate of $212.27 million. When did Confluent IPO? (CFLT) raised $713 million in an 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 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 a variety of institutional and retail investors. Top institutional investors 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. 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. This page (NASDAQ:CFLT) was last updated on 12/8/2023 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. 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