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 Wall Street analysts have issued 12-month target prices for Confluent's stock. Their CFLT share price targets range from $21.00 to $40.00. On average, they predict the company's share price to reach $32.88 in the next year. This suggests a possible upside of 6.9% 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 2024?

Confluent's stock was trading at $23.40 at the beginning of 2024. Since then, CFLT stock has increased by 31.4% and is now trading at $30.75. View the best growth stocks for 2024 here .

Are investors shorting Confluent?

Confluent saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 18,370,000 shares, a drop of 7.6% from the April 15th total of 19,890,000 shares. Based on an average trading volume of 5,000,000 shares, the short-interest ratio is presently 3.7 days. Currently, 7.9% of the shares of the company 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 7th 2024. View our CFLT earnings forecast .

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) released its quarterly earnings results on Monday, January, 30th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.06. The firm had revenue of $168.70 million for the quarter, compared to analysts' expectations of $162.53 million. Confluent had a negative trailing twelve-month return on equity of 44.16% and a negative net margin of 56.99%. The company's revenue for the quarter was up 40.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.43) earnings per share.

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) , Spear Alpha ETF (SPRX) , Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO) , BlackRock Future Innovators ETF (BFTR) , Jacob Forward ETF (JFWD) , Fidelity Disruptive Technology ETF (FDTX) , Renaissance IPO ETF (IPO) and Amplify Global Cloud Technology ETF (IVES) .

What guidance has Confluent issued on next quarter's earnings?

Confluent updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 0.040-0.050 for the period, compared to the consensus EPS estimate of 0.040. The company issued revenue guidance of $229.0 million-$230.0 million, compared to the consensus revenue estimate of $229.3 million.

When did Confluent IPO?

Confluent (CFLT) raised $713 million in an initial public offering (IPO) on Thursday, June 24th 2021. The company issued 23,000,000 shares at a price of $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 number of retail and institutional investors. Top institutional investors include Twin Tree Management LP (0.00%), Swiss National Bank (0.18%), Baillie Gifford & Co. (0.14%), Source Financial Advisors LLC (0.12%), Sumitomo Mitsui Trust Holdings Inc. (0.12%) and AlpInvest Partners B.V. (0.10%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CFLT

Confluent (CFLT) Stock Price, News & Analysis

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$30.03

-1.00 (-3.22%)

(As of 11:34 AM ET)

Compare

Today's Range: $30.00
▼
$31.30
50-Day Range: $26.89
▼
$34.53
52-Week Range: $14.69
▼
$41.22

Volume: 1.13 million shs
Average Volume: 4.81 million shs
Market Capitalization: $9.39 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $32.88

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Confluent MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.69 Rating Score
Upside/Downside: 6.9% Upside
$32.88 Price Target
Short Interest: Healthy
7.93% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.60
Based on 56 Articles This Week
Insider Trading: Selling Shares
$24.19 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.92) to ($0.86) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.59 out of 5 stars

Business Services Sector

235th out of 310 stocks

Prepackaged Software Industry

168th out of 202 stocks

2.3

Analyst's Opinion

Consensus Rating
Confluent 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.
Amount of Analyst Coverage
Confluent has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Confluent's stock forecast and price target.

4.0

Short Interest

Percentage of Shares Shorted
7.93% of the float of Confluent has been sold short.
Short Interest Ratio / Days to Cover
Confluent has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Confluent has recently decreased by 7.64%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Confluent does not currently pay a dividend.
Dividend Growth
Confluent does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CFLT.

3.7

News and Social Media Coverage

News Sentiment
Confluent has a news sentiment score of 0.60. 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 0.42 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 56 news articles for Confluent this week, compared to 7 articles on an average week.
Search Interest
14 people have searched for CFLT on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.
MarketBeat Follows
10 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is an increase of 11% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 $24,194,120.00 in company stock.
Percentage Held by Insiders
13.82% 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 Institutions
78.09% of the stock of Confluent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Confluent's insider trading history.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Confluent are expected to grow in the coming year, from ($0.92) to ($0.86) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Confluent is -20.92, 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. Sector
The P/E ratio of Confluent is -20.92, 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 Ratio
Confluent has a P/B Ratio of 11.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Confluent's valuation and earnings.

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About Confluent Stock (NASDAQ:CFLT)

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. It offers connectors for existing applications, and IT and cloud infrastructure; Apache Flink services that allows teams to create reusable data streams that can be delivered real-time; ksqlDB, a data-in-motion database that allows users to build data-in-motion applications using a few SQL statements; stream governance, a managed data governance suite that is designed for the intricacies of streaming data, which allows teams to accelerate data streaming initiatives without bypassing controls for risk management and regulatory compliance; and stream designer which builds streaming data pipelines visually. In addition, the company offers professional services comprising packaged and residency offerings; education offerings consisting of instructor-led and self-paced training and certification guidance, technical resources, and access to hands-on training and certification exams; and certification programs. It serves banking and financial services industries, as well as retail and e-commerce, manufacturing, automotive, communication service providers, gaming, public sector, insurance, 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.

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