Most-Downgraded StocksMost-DowngradedNASDAQ:CFLT Confluent (CFLT) Stock Price, News & Analysis $22.32 +0.17 (+0.77%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Confluent Stock (NASDAQ:CFLT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Confluent alerts:Sign Up Key Stats Today's Range$21.82▼$22.3650-Day Range$18.90▼$22.3652-Week Range$14.69▼$35.07Volume2.64 million shsAverage Volume4.36 million shsMarket Capitalization$7.09 billionP/E RatioN/ADividend YieldN/APrice Target$29.79Consensus RatingModerate Buy Company OverviewConfluent, 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… Crypto’s next big bull run? (Ad)Juan Villaverde may be America’s top crypto expert. And he says something big is coming for crypto – on November 5. Just a day after the American election, Juan believes crypto could start a massive run up …And one special coin could do even better. Confluent Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks69th Percentile Overall ScoreCFLT MarketRank™: Confluent scored higher than 69% of companies evaluated by MarketBeat, and ranked 118th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.4 / 5Analyst RatingModerate Buy Consensus RatingConfluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 21 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. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Confluent are expected to grow in the coming year, from ($0.95) to ($0.85) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Confluent is -18.92, 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. SectorThe P/E ratio of Confluent is -18.92, 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 RatioConfluent has a P/B Ratio of 8.58. 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. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted8.23% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Confluent has recently increased by 5.58%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldConfluent does not currently pay a dividend.Dividend GrowthConfluent does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted8.23% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Confluent has recently increased by 5.58%, indicating that investor sentiment is decreasing significantly. News and Social Media2.5 / 5News Sentiment0.50 News SentimentConfluent has a news sentiment score of 0.50. 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 lower news sentiment than the 0.64 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Confluent this week, compared to 8 articles on an average week.Search Interest8 people have searched for CFLT on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat Follows10 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Company Ownership3.3 / 5Insider TradingSelling Shares 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 $10,833,388.00 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. 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 CFLT Stock News HeadlinesConfluent, Inc. (NASDAQ:CFLT) Given Consensus Recommendation of "Moderate Buy" by BrokeragesOctober 13, 2024 | americanbankingnews.comBarclays Reaffirms Their Buy Rating on Confluent (CFLT)October 12, 2024 | markets.businessinsider.comDeFi Coin on Verge of Breakout!Grayscale Investments just announced a new fund offering access to a HOT new DeFi coin… And thanks to this newly established trust, I believe this coin could skyrocket up to 150x+ in the next 30 days alone! I've compiled everything you need to know about this once-in-a-lifetime DeFi project into a brand-new comprehensive guide… October 18, 2024 | Crypto 101 Media (Ad)Confluent (CFLT) Receives a Buy from RBC CapitalOctober 12, 2024 | markets.businessinsider.com2 Monster Stocks to Buy in OctoberOctober 4, 2024 | msn.comConfluent (NASDAQ:CFLT) Stock Quotes, Forecast and News SummaryOctober 3, 2024 | benzinga.comConfluent: From Buy To A Sell, Why I've Turned Bearish (Downgrade)September 30, 2024 | seekingalpha.comIs Confluent (CFLT) the Best Undervalued AI Stock to Buy Now?September 30, 2024 | msn.comSee More Headlines CFLT Stock Analysis - Frequently Asked Questions How have CFLT shares performed this year? Confluent's stock was trading at $23.40 at the beginning of 2024. Since then, CFLT stock has decreased by 4.6% and is now trading at $22.32. 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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by $0.04. The firm had revenue of $234.99 million for the quarter, compared to analyst estimates 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 served 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? Top institutional shareholders of Confluent include Creative Planning (0.03%), SG Americas Securities LLC (0.03%), Handelsbanken Fonder AB (0.02%) and Diversified Trust Co (0.02%). 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, Kong Phan, 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. Compare Top Brokerages Here. What other stocks do shareholders of Confluent own? Based on aggregate information from My MarketBeat watchlists, some other companies that Confluent investors own include NVIDIA (NVDA), Meta Platforms (META), CrowdStrike (CRWD), Arista Networks (ANET), Advanced Micro Devices (AMD), Broadcom (AVGO) and Adobe (ADBE). Company Calendar Last Earnings7/31/2024Today10/17/2024Next Earnings (Confirmed)10/30/2024Fiscal 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$29.79 High Stock Price Target$40.00 Low Stock Price Target$21.00 Potential Upside/Downside+34.3%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage30 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 / Sales8.20 Cash FlowN/A Price / Cash FlowN/A Book Value$2.60 per share Price / Book8.58Miscellaneous Outstanding Shares317,835,000Free Float278,123,000Market Cap$7.09 billion OptionableOptionable Beta0.88 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. 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