FY2026 Earnings Forecast for Confluent Issued By DA Davidson

Confluent, Inc. (NASDAQ:CFLT - Free Report) - DA Davidson issued their FY2026 earnings per share (EPS) estimates for shares of Confluent in a note issued to investors on Wednesday, February 12th. DA Davidson analyst R. Kessinger anticipates that the company will post earnings of ($0.78) per share for the year. The consensus estimate for Confluent's current full-year earnings is ($0.90) per share.

Confluent (NASDAQ:CFLT - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.28). Confluent had a negative return on equity of 34.05% and a negative net margin of 38.35%.

Several other research analysts also recently commented on the company. Needham & Company LLC boosted their target price on Confluent from $31.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Mizuho boosted their price objective on shares of Confluent from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Truist Financial boosted their price objective on shares of Confluent from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. TD Cowen boosted their price objective on shares of Confluent from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Confluent from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Confluent Price Performance

Shares of CFLT traded up $0.09 on Friday, hitting $34.94. The company's stock had a trading volume of 7,129,154 shares, compared to its average volume of 5,441,578. The company has a market capitalization of $11.46 billion, a PE ratio of -31.48 and a beta of 0.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.24 and a quick ratio of 4.24. Confluent has a fifty-two week low of $17.79 and a fifty-two week high of $37.90. The company has a 50 day moving average price of $29.79 and a 200 day moving average price of $25.74.

Insider Activity at Confluent

In related news, insider Erica Schultz sold 63,729 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $34.75, for a total value of $2,214,582.75. Following the completion of the transaction, the insider now directly owns 678,016 shares of the company's stock, valued at approximately $23,561,056. This represents a 8.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew Craig Miller sold 541,850 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $30.32, for a total transaction of $16,428,892.00. The disclosure for this sale can be found here. Insiders sold a total of 1,758,332 shares of company stock worth $56,651,879 in the last quarter. Corporate insiders own 13.82% of the company's stock.

Hedge Funds Weigh In On Confluent

Large investors have recently modified their holdings of the business. Credit Industriel ET Commercial acquired a new position in shares of Confluent during the 4th quarter worth about $28,000. Blue Trust Inc. boosted its stake in shares of Confluent by 354.0% during the 4th quarter. Blue Trust Inc. now owns 2,061 shares of the company's stock worth $58,000 after buying an additional 1,607 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Confluent during the 4th quarter worth about $59,000. Point72 Hong Kong Ltd acquired a new position in shares of Confluent during the 3rd quarter worth about $68,000. Finally, GAMMA Investing LLC lifted its stake in Confluent by 85.3% in the 4th quarter. GAMMA Investing LLC now owns 2,467 shares of the company's stock valued at $69,000 after purchasing an additional 1,136 shares during the last quarter. 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.