Confluent (CFLT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $27.61 to $30.12
• 50-Day Range: $21.28 to $33.66
• 52-Week Range: $17.79 to $35.07
• Volume: 6.63 million shs
• Average Volume: 4.35 million shs
• Market Capitalization: $9.83 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $32.23
• Consensus Rating: Moderate Buy

Confluent Stock Analysis - MarketRank™

Confluent scored higher than 53% of companies evaluated by MarketBeat, and ranked 124th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Confluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 19 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Confluent has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Confluent are expected to grow in the coming year, from ($0.90) to ($0.85) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Confluent is -27.01, 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. Sector

The P/E ratio of Confluent is -27.01, 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 Ratio

Confluent has a P/B Ratio of 11.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.73% of the float of Confluent has been sold short.

Short Interest Ratio / Days to Cover

Confluent has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Confluent has recently decreased by 11.35%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Confluent does not currently pay a dividend.

Dividend Growth

Confluent does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.73% of the float of Confluent has been sold short.

Short Interest Ratio / Days to Cover

Confluent has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Confluent has recently decreased by 11.35%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.78

News Sentiment

Confluent has a news sentiment score of 0.78. 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 higher news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Confluent this week, compared to 9 articles on an average week.

Search Interest

31 people have searched for CFLT on MarketBeat in the last 30 days. This is an increase of 41% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $132,815,499.00 in company stock.

Percentage Held by Insiders

13.82% 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 Institutions

78.09% of the stock of Confluent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CFLT Stock Analysis - Frequently Asked Questions

How have CFLT shares performed this year?

Confluent's stock was trading at $23.40 on January 1st, 2024. Since then, CFLT stock has increased by 28.1% and is now trading at $29.98.
View the best growth stocks for 2024 here.

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) announced its quarterly earnings data on Wednesday, October, 30th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.03. The firm had revenue of $250.20 million for the quarter, compared to analysts' expectations of $243.98 million. Confluent had a negative net margin of 38.35% and a negative trailing twelve-month return on equity of 34.05%.

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?

Top institutional investors of Confluent include Champlain Investment Partners LLC (3.26%), Geode Capital Management LLC (1.32%), Atreides Management LP (0.83%) and Jacobs Levy Equity Management Inc. (0.77%). Insiders that own company stock include Brad Gerstner, Eric Vishria, Peter H Fenton, Erica Schultz, Rohan Sivaram, Chad Verbowski, Edward Jay Kreps, Michelangelo Volpi, Steffan Tomlinson, Kong Phan, An-Yen Hu, Ying Christina Liu, Stephanie Buscemi, Ventures Vii (Jersey) L Index, Matthew Craig Miller, Jonathan Chadwick, Lara Caimi 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 Earnings: 10/30/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:CFLT
• CUSIP: N/A
• CIK: 1699838
• Web: www.confluent.io
• Phone: 800-439-3207
• Fax: N/A
• Employees: 2,744
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $32.23
• High Stock Price Target: $40.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +7.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 28 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.11)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-442,750,000.00
• Net Margins: -38.35%
• Pretax Margin: -33.97%
• Return on Equity: -34.05%
• Return on Assets: -11.75%

Debt

• Debt-to-Equity Ratio: 1.17
• Current Ratio: 4.24
• Quick Ratio: 4.24

Sales & Book Value

• Annual Sales: $915.61 million
• Price / Sales: 10.74
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.60 per share
• Price / Book: 11.53

Miscellaneous

• Outstanding Shares: 327,995,000
• Free Float: 282,666,000
• Market Cap: $9.83 billion
• Optionable: Optionable
• Beta: 0.88