Confluent, Inc. (NASDAQ:CFLT) Receives $27.43 Consensus Target Price from Analysts

Confluent, Inc. (NASDAQ:CFLT) has been given an average rating of “Moderate Buy” by the thirty-one research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $27.2222.

Several equities research analysts have weighed in on the stock. Piper Sandler lowered their target price on shares of Confluent from $32.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. DA Davidson lowered their target price on shares of Confluent from $32.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. TD Cowen restated a “hold” rating and issued a $24.00 target price on shares of Confluent in a research note on Thursday, July 31st. Citigroup raised their target price on shares of Confluent from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Needham & Company LLC lowered their target price on shares of Confluent from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 31st.

Insider Activity

In related news, Director Neha Narkhede sold 153,200 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the completion of the transaction, the director owned 28,549 shares of the company’s stock, valued at $566,697.65. This trade represents a 84.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Rohan Sivaram sold 26,097 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total transaction of $443,909.97. Following the transaction, the chief financial officer directly owned 636,596 shares of the company’s stock, valued at approximately $10,828,497.96. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 741,584 shares of company stock valued at $13,597,695 over the last quarter. Insiders own 9.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CFLT. Norges Bank acquired a new position in Confluent during the second quarter worth about $89,736,000. 1832 Asset Management L.P. acquired a new position in shares of Confluent in the 1st quarter worth approximately $48,547,000. Vanguard Group Inc. lifted its holdings in shares of Confluent by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock worth $623,976,000 after acquiring an additional 1,791,588 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Confluent by 220.2% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company’s stock worth $60,882,000 after buying an additional 1,786,116 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in Confluent during the 1st quarter worth approximately $39,944,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Confluent Stock Performance

Shares of NASDAQ:CFLT opened at $22.80 on Thursday. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of -24.26 and a beta of 0.96. Confluent has a 12 month low of $15.64 and a 12 month high of $37.90. The firm’s 50-day moving average is $20.27 and its 200 day moving average is $21.82. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03.

Confluent (NASDAQ:CFLT) last issued its earnings results on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The business had revenue of $282.29 million for the quarter, compared to the consensus estimate of $278.32 million. During the same period in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. Research analysts predict that Confluent will post -0.83 EPS for the current year.

About Confluent

Confluent, Inc operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software.