Equities Analysts Issue Forecasts for Confluent Q1 Earnings

Confluent, Inc. (NASDAQ:CFLT - Free Report) - Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for shares of Confluent in a research note issued to investors on Wednesday, February 12th. DA Davidson analyst R. Kessinger forecasts that the company will post earnings of ($0.23) per share for the quarter. The consensus estimate for Confluent's current full-year earnings is ($0.90) per share.

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

Other analysts have also issued research reports about the stock. Citigroup upped their target price on shares of Confluent from $24.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. UBS Group upped their target price on shares of Confluent from $26.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upped their target price on shares of Confluent from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Wells Fargo & Company increased their price target on shares of Confluent from $40.00 to $42.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Bank of America increased their price target on shares of Confluent from $26.00 to $31.00 and gave the company an "underperform" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Confluent Stock Down 3.8 %

CFLT stock traded down $1.38 during midday trading on Thursday, reaching $34.85. 7,010,332 shares of the company's stock traded hands, compared to its average volume of 4,016,620. The company has a market cap of $11.43 billion, a price-to-earnings ratio of -31.40 and a beta of 0.92. The firm's fifty day moving average price is $29.67 and its 200-day moving average price is $25.53. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 1.17. Confluent has a 52 week low of $17.79 and a 52 week high of $37.90.

Insider Activity at Confluent

In related news, insider Erica Schultz sold 9,467 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $28.23, for a total value of $267,253.41. Following the sale, the insider now directly owns 678,016 shares of the company's stock, valued at $19,140,391.68. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matthew Craig Miller sold 541,850 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were 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 have sold 1,444,907 shares of company stock valued at $45,452,624 over the last three months. 13.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Credit Industriel ET Commercial bought a new position in shares of Confluent in the fourth quarter worth approximately $28,000. Blue Trust Inc. lifted its position in Confluent by 354.0% during the fourth quarter. Blue Trust Inc. now owns 2,061 shares of the company's stock valued at $58,000 after buying an additional 1,607 shares during the period. SBI Securities Co. Ltd. purchased a new position in Confluent during the fourth quarter valued at $59,000. GAMMA Investing LLC lifted its position in Confluent by 85.3% during the fourth quarter. GAMMA Investing LLC now owns 2,467 shares of the company's stock valued at $69,000 after buying an additional 1,136 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in Confluent during the third quarter valued at $68,000. 78.09% of the stock is currently owned by institutional investors.

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.