Confluent, Inc. (NASDAQ:CFLT) Receives $27.97 Consensus Price Target from Analysts

Confluent, Inc. (NASDAQ:CFLT) has been assigned a consensus rating of “Moderate Buy” from the thirty-four ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $27.9677.

CFLT has been the topic of a number of recent analyst reports. Citigroup reissued a “market outperform” rating on shares of Confluent in a research note on Tuesday, October 28th. DA Davidson lifted their price target on Confluent from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Cowen reissued a “hold” rating on shares of Confluent in a report on Tuesday, October 28th. Oppenheimer raised their price objective on shares of Confluent from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, Zacks Research upgraded shares of Confluent from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st.

Confluent Price Performance

Shares of Confluent stock opened at $22.63 on Monday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of -25.14 and a beta of 0.98. Confluent has a 1-year low of $15.64 and a 1-year high of $37.90. The firm’s 50-day moving average price is $21.86 and its two-hundred day moving average price is $21.97.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. On average, equities analysts predict that Confluent will post -0.83 earnings per share for the current fiscal year.

Insider Activity

In other Confluent news, Director Eric Vishria sold 30,953 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $20.00, for a total value of $619,060.00. Following the transaction, the director directly owned 1,123,447 shares in the company, valued at approximately $22,468,940. This trade represents a 2.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rohan Sivaram sold 6,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $23.76, for a total value of $142,560.00. Following the sale, the chief financial officer owned 625,596 shares of the company’s stock, valued at approximately $14,864,160.96. The trade was a 0.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 757,872 shares of company stock worth $15,998,727. 9.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Confluent during the 3rd quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its stake in Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock valued at $36,000 after acquiring an additional 1,037 shares during the last quarter. Danske Bank A S bought a new position in Confluent in the third quarter valued at approximately $34,000. True Wealth Design LLC acquired a new stake in Confluent during the 3rd quarter worth $36,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Confluent during the 2nd quarter valued at $49,000. 78.09% of the stock is currently owned by institutional investors and hedge funds.

Confluent Company Profile

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.