Most-Downgraded StocksMost-DowngradedNASDAQ:CFLT Confluent (CFLT) Stock Price, News & Analysis $19.60 -0.67 (-3.31%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$19.26▼$20.4050-Day Range$18.67▼$29.3152-Week Range$14.69▼$35.07Volume2.47 million shsAverage Volume4.48 million shsMarket Capitalization$6.23 billionP/E RatioN/ADividend YieldN/APrice Target$30.69 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Confluent alerts: Email Address Confluent MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside56.6% Upside$30.69 Price TargetShort InterestBearish9.22% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.65Based on 17 Articles This WeekInsider TradingSelling Shares$11.07 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.95) to ($0.86) Per ShareSee Full Details Hide Full Details 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.2.91 out of 5 starsBusiness Services Sector146th out of 303 stocksPrepackaged Software Industry104th out of 202 stocks 4.4 Analyst's Opinion Consensus RatingConfluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 23 buy ratings, 7 hold ratings, and 1 sell rating.Amount of Analyst CoverageConfluent has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Confluent's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.22% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 5.2.Change versus previous monthShort interest in Confluent has recently increased by 17.44%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldConfluent does not currently pay a dividend.Dividend GrowthConfluent does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CFLT. Previous Next 2.0 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 0.65. 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 news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Confluent this week, compared to 8 articles on an average week.Search InterestOnly 14 people have searched for CFLT on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn 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 $11,074,955.00 in company stock.Percentage Held by Insiders13.82% 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 Institutions78.09% 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Confluent are expected to grow in the coming year, from ($0.95) to ($0.86) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Confluent is -15.68, 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. SectorThe P/E ratio of Confluent is -15.68, 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 RatioConfluent has a P/B Ratio of 7.23. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyThe death of Nvidia?Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.So go here now to read my new report The Big AI Die-Up… while you still can. 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.Read More CFLT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CFLT Stock News HeadlinesSeptember 7 at 8:52 AM | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) CEO Sells $4,647,675.00 in StockAugust 23, 2024 | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) CMO Stephanie Buscemi Sells 3,866 SharesSeptember 7, 2024 | True Gold Republic (Ad)China Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… . August 17, 2024 | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) CEO Edward Jay Kreps Sells 232,500 SharesAugust 13, 2024 | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) Director Sells $187,593.75 in StockSeptember 6 at 12:30 PM | seekingalpha.comConfluent: Expanding Customer Base A Step In The Right DirectionSeptember 6 at 3:51 AM | americanbankingnews.comRobert W. Baird Initiates Coverage on Confluent (NASDAQ:CFLT)September 6 at 3:51 AM | americanbankingnews.comBaird R W Upgrades Confluent (NASDAQ:CFLT) to "Hold"September 7, 2024 | Golden Crest (Ad)Biden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.September 5 at 7:36 AM | msn.comBaird Initiates Coverage of Confluent (CFLT) with Neutral RecommendationSeptember 5 at 7:36 AM | msn.comConfluent initiated at Neutral due to data streaming demand: BairdSeptember 5 at 7:36 AM | benzinga.comThe Analyst Verdict: Confluent In The Eyes Of 21 ExpertsSeptember 5 at 4:46 AM | fool.com2 Super AI Stocks to Buy Hand Over Fist, According to Wall StreetSeptember 4 at 4:18 AM | markets.businessinsider.comBalancing Growth and Challenges: A Hold Rating for Confluent’s Market Position and Financial HealthAugust 30, 2024 | seekingalpha.comConfluent: New Revenue Model & Flink Platform Are Game Changers For GrowthAugust 30, 2024 | markets.businessinsider.comConfluent (CFLT) Receives a Buy from Stifel NicolausAugust 28, 2024 | americanbankingnews.comAnalysts Set Confluent, Inc. (NASDAQ:CFLT) PT at $30.96August 28, 2024 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) CFO Sells $497,035.68 in StockSee More Headlines Receive CFLT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Confluent and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/31/2024Today9/07/2024Next Earnings (Estimated)11/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNASDAQ:CFLT CUSIPN/A CIK1699838 Webwww.confluent.io Phone800-439-3207FaxN/AEmployees2,744Year FoundedN/APrice Target and Rating Average Stock Price Target$30.69 High Stock Price Target$40.00 Low Stock Price Target$21.00 Potential Upside/Downside+56.6%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage31 Analysts Profitability EPS (Most Recent Fiscal Year)($1.25) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-442,750,000.00 Net Margins-42.70% Pretax Margin-38.24% Return on Equity-37.78% Return on Assets-12.81% Debt Debt-to-Equity Ratio1.25 Current Ratio4.44 Quick Ratio4.44 Sales & Book Value Annual Sales$865.59 million Price / Sales7.20 Cash FlowN/A Price / Cash FlowN/A Book Value$2.71 per share Price / Book7.23Miscellaneous Outstanding Shares317,835,000Free Float273,910,000Market Cap$6.23 billion OptionableOptionable Beta0.88 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Edward Kreps (Age 43)Co-Founder, Chairman & CEO Comp: $380kKey CompetitorsClouderaNYSE:CLDRRingCentralNYSE:RNGQualtrics InternationalNASDAQ:XMToastNYSE:TOSTF5NASDAQ:FFIVView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 15,527 shares on 9/5/2024Ownership: 0.005%Edward Jay KrepsSold 232,500 sharesTotal: $4.65 M ($19.99/share)Sycomore Asset ManagementBought 251,507 shares on 8/28/2024Ownership: 0.105%Clearbridge Investments LLCSold 270,666 shares on 8/27/2024Ownership: 0.194%Truist Financial CorpBought 1,238 shares on 8/21/2024Ownership: 0.008%View All Insider TransactionsView All Institutional Transactions CFLT Stock Analysis - Frequently Asked Questions How have CFLT shares performed this year? Confluent's stock was trading at $23.40 at the start of the year. Since then, CFLT stock has decreased by 16.2% and is now trading at $19.60. View the best growth stocks for 2024 here. How were Confluent's earnings last quarter? Confluent, Inc. (NASDAQ:CFLT) issued its earnings results on Wednesday, July, 31st. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.23) by $0.04. The company earned $234.99 million during the quarter, compared to analysts' expectations of $229.49 million. Confluent had a negative trailing twelve-month return on equity of 37.78% and a negative net margin of 42.70%. 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 top institutional shareholders include 1832 Asset Management L.P. (2.40%), William Blair Investment Management LLC (2.06%), Bank of New York Mellon Corp (1.10%) and Federated Hermes Inc. (0.37%). Insiders that own company stock include Brad Gerstner, Eric Vishria, Peter H Fenton, Erica Schultz, Rohan Sivaram, Chad Verbowski, Edward Jay Kreps, Steffan Tomlinson, Michelangelo Volpi, An-Yen Hu, Stephanie Buscemi, Ying Christina Liu, Ventures Vii (Jersey) L Index, Jonathan Chadwick, Lara Caimi, Chetan Puttagunta, Steven M Spurlock and Neha Narkhede. 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. 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