Confluent (CFLT) to Release Quarterly Earnings on Tuesday

Confluent (NASDAQ:CFLT - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Confluent to post earnings of $0.05 per share and revenue of $256.86 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Confluent Price Performance

Shares of Confluent stock traded down $0.04 during trading on Wednesday, hitting $29.13. 948,695 shares of the stock traded hands, compared to its average volume of 3,800,685. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of -26.25 and a beta of 0.92. The firm's fifty day moving average is $29.57 and its 200-day moving average is $25.10. Confluent has a 52 week low of $17.79 and a 52 week high of $35.07. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 1.17.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CFLT shares. TD Cowen raised their price target on Confluent from $27.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Barclays raised their target price on Confluent from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Citigroup raised their target price on Confluent from $24.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Mizuho lifted their target price on shares of Confluent from $31.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Truist Financial lifted their price objective on shares of Confluent from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.30.

Insider Activity at Confluent

In other Confluent news, insider Erica Schultz sold 63,729 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $27.40, for a total transaction of $1,746,174.60. Following the transaction, the insider now owns 687,483 shares in the company, valued at $18,837,034.20. The trade was a 8.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Craig Miller sold 1,084,259 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $28.90, for a total value of $31,335,085.10. Following the completion of the sale, the director now directly owns 12,559 shares of the company's stock, valued at $362,955.10. The trade was a 98.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,892,637 shares of company stock worth $114,703,636. 13.82% of the stock is owned by insiders.

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.