NASDAQ:CFLT Confluent (CFLT) Stock Forecast, Price & News $29.41 0.00 (0.00%) (As of 09/22/2023 08:51 PM ET) Add Compare Share Share Today's Range$29.18▼$29.9650-Day Range$29.41▼$39.2752-Week Range$16.60▼$41.22Volume2.37 million shsAverage Volume3.97 million shsMarket Capitalization$8.89 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/Downside25.5% Upside$36.90 Price TargetShort InterestBearish10.91% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.04Based on 8 Articles This WeekInsider TradingSelling Shares$16.70 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.2.38 out of 5 starsBusiness Services Sector107th out of 302 stocksPrepackaged Software Industry61st out of 197 stocks 4.4 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 25.5% from its current price of $29.41.Amount of Analyst CoverageConfluent has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted10.91% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 5.1.Change versus previous monthShort interest in Confluent has recently increased by 1.17%, indicating that investor sentiment is decreasing. 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 2.8 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 1.04. 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 0.52 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 10 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 5 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is a decrease of -58% 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 $16,697,353.00 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 -17.82, 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 -17.82, 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 11.06. 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 22, 2023 | finance.yahoo.comA Look At The Intrinsic Value Of Confluent, Inc. (NASDAQ:CFLT)September 21, 2023 | msn.comConfluent: Streaming To SuccessSeptember 25, 2023 | Altimetry (Ad)Fraud Expert: Dump these three popular stocksA major (and legal) market manipulation scheme is about to play out. It could cost you a fortune – or double your money. You choose. Find out what he knows, here.September 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 25, 2023 | Altimetry (Ad)Fraud Expert: Dump these three popular stocksA major (and legal) market manipulation scheme is about to play out. It could cost you a fortune – or double your money. You choose. Find out what he knows, here.September 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 GrowthAugust 15, 2023 | msn.comWant to Get Richer? 1 Unstoppable Growth Stock You'll Regret Not Buying on the Dip, and 1 to Sell.August 12, 2023 | finance.yahoo.comShould You Think About Buying Confluent, Inc. (NASDAQ:CFLT) Now?August 10, 2023 | seekingalpha.comConfluent's Revenue Growth Moderates As Ecosystem ExpandsAugust 10, 2023 | msn.comThis Unstoppable Nasdaq Stock Could Jump Another 80%August 5, 2023 | finance.yahoo.com1 Unstoppable Stock Down 61% to Buy Hand Over Fist, According to Wall StreetAugust 4, 2023 | nasdaq.comMorgan Stanley Maintains Confluent Inc (CFLT) Overweight RecommendationAugust 4, 2023 | msn.comNeedham Reiterates Confluent Inc (CFLT) Buy RecommendationAugust 3, 2023 | theglobeandmail.comWhy Is Confluent (CFLT) Stock Soaring TodayAugust 3, 2023 | theglobeandmail.comConfluent (NASDAQ:CFLT) Q2: Beats On Revenue, Stock Jumps 11.2%August 3, 2023 | businesswire.comConfluent Announces Second Quarter 2023 Financial 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 CFLT Company Calendar Last Earnings8/02/2023Today9/25/2023Next 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+25.5%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 / Sales15.18 Cash FlowN/A Price / Cash FlowN/A Book Value$2.66 per share Price / Book11.06Miscellaneous Outstanding Shares302,420,000Free Float235,647,000Market Cap$8.89 billion OptionableNot Optionable Beta0.99 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. 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 CompetitorsUiPathNYSE:PATHProcore TechnologiesNYSE:PCORDocuSignNASDAQ:DOCUFull Truck AllianceNYSE:YMMElasticNYSE:ESTCView All CompetitorsInsiders & InstitutionsBarclays PLCBought 53,600 shares on 9/21/2023Ownership: 0.000%Jonathan ChadwickSold 16,625 sharesTotal: $561,758.75 ($33.79/share)Edward Jay KrepsSold 232,500 sharesTotal: $7.74 M ($33.27/share)Wolverine Trading LLCBought 2,500 shares on 8/23/2023Ownership: 0.000%Chad VerbowskiSold 8,745 sharesTotal: $281,064.30 ($32.14/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 research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 6 hold ratings and 15 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 forecast for 2023? 21 brokerages have issued 1-year price targets for Confluent's shares. Their CFLT share price forecasts range from $21.00 to $45.00. On average, they expect the company's stock price to reach $36.90 in the next twelve months. This suggests a possible upside of 25.5% 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 32.2% and is now trading at $29.41. View the best growth stocks for 2023 here. 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) posted its earnings results on Wednesday, August, 2nd. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.01. The business had revenue of $189.29 million for the quarter, compared to the consensus estimate of $182.18 million. Confluent had a negative trailing twelve-month return on equity of 54.53% and a negative net margin of 69.87%. 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 earnings per share 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 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 variety of retail and institutional investors. Top institutional shareholders include Davidson Kempner Capital Management LP (0.00%), Bank Julius Baer & Co. Ltd Zurich (9.25%), Capital Research Global Investors (2.30%), 1832 Asset Management L.P. (2.10%), Whale Rock Capital Management LLC (0.99%) and Geode Capital Management LLC (0.94%). 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. What is Confluent's stock price today? One share of CFLT stock can currently be purchased for approximately $29.41. How much money does Confluent make? Confluent (NASDAQ:CFLT) has a market capitalization of $8.89 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. 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