NASDAQ:CFLT Confluent (CFLT) Stock Price, News & Analysis $29.22 -0.09 (-0.31%) (As of 11:57 AM ET) Add Compare Share Share Today's Range$28.56▼$29.3450-Day Range$25.70▼$32.2352-Week Range$14.69▼$41.22Volume783,023 shsAverage Volume4.40 million shsMarket Capitalization$9.29 billionP/E RatioN/ADividend YieldN/APrice Target$32.93 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/Downside12.8% Upside$32.93 Price TargetShort InterestBearish9.24% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.93Based on 12 Articles This WeekInsider TradingSelling Shares$18.14 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.94) to ($0.89) 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.2.16 out of 5 starsBusiness Services Sector175th out of 293 stocksPrepackaged Software Industry126th out of 190 stocks 3.4 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 21 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageConfluent has been the subject of 14 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 Shorted9.24% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 6.1.Change versus previous monthShort interest in Confluent has recently increased by 12.64%, 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 2.7 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 0.93. 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 0.80 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Confluent this week, compared to 7 articles on an average week.Search InterestOnly 19 people have searched for CFLT on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.MarketBeat FollowsOnly 13 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is a decrease of -35% 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 $18,138,428.00 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 ($0.94) to ($0.89) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Confluent is -23.35, 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 -23.35, 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 11.23. 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 Colonial MetalsThe asset beating inflation by 4xCentral Bank Gold Heist In Progress Central banks are buying gold at record rates... and billionaire investors are buying right along with them. Even Warren Buffett put over $500 million into gold. And with the help of a tax and penalty-free "Trump Loophole, " these investors are investing retirement into gold and other precious metals without having to put up any of their own cash. In our Free Retirement Protection Kit, we reveal all the details on how the rich use this loophole to protect and growth their retirement wealth in any economy…and show you how you can use it too.Click here to get your free copy today. 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 HeadlinesJune 25, 2024 | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) CFO Sells $22,960.08 in StockJune 11, 2024 | insidertrades.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) Insider Sells 63,729 Shares of StockJuly 8, 2024 | Insiders Exposed (Ad)How did they achieve a perfect track record? If you want to learn how A Group of traders Made 917 Trades Without A Single Loss! And How You Could Have Consistently Beat the Market by following them...June 8, 2024 | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) CEO Sells $6,084,525.00 in StockJuly 5 at 11:43 AM | investorplace.com3 Next-Gen Tech Stocks That Could Mint MillionairesJuly 5 at 2:44 AM | americanbankingnews.comConfluent Target of Unusually Large Options Trading (NASDAQ:CFLT)July 5 at 1:44 AM | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Given Consensus Rating of "Moderate Buy" by BrokeragesJuly 4, 2024 | americanbankingnews.comHead-To-Head Analysis: Confluent (NASDAQ:CFLT) vs. Rand Worldwide (OTCMKTS:RWWI)July 8, 2024 | Insiders Exposed (Ad)How did they achieve a perfect track record? If you want to learn how A Group of traders Made 917 Trades Without A Single Loss! And How You Could Have Consistently Beat the Market by following them...July 3, 2024 | americanbankingnews.comConfluent (NASDAQ:CFLT) Shares Down 3.5% July 2, 2024 | seekingalpha.comConfluent: Resilient Consumption Trends Amidst Broader Software SlowdownJune 29, 2024 | insidermonkey.comConfluent, Inc. (CFLT): Is Brad Gerstner Bullish on This Tech Stock Right Now?June 26, 2024 | businesswire.comConfluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the YearJune 18, 2024 | businesswire.comSigma Names New Chief Financial Officer and New General Counsel to Drive Next Phase of GrowthJune 12, 2024 | investorplace.com7 Growth Stocks BlackRock Is Buying (and You Should Too)June 5, 2024 | businesswire.comNew Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts CostsJune 3, 2024 | seekingalpha.comConfluent's 2025 Outlook: Self-Sufficiency On The CardsMay 28, 2024 | theglobeandmail.comScoop Up This Disruptive Growth Stock for 22% UpsideSee 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 Earnings5/07/2024Today7/08/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:CFLT CUSIPN/A CIK1699838 Webwww.confluent.io Phone800-439-3207FaxN/AEmployees2,744Year FoundedN/APrice Target and Rating Average Stock Price Target$32.93 High Stock Price Target$40.00 Low Stock Price Target$21.00 Potential Upside/Downside+12.3%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage28 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-46.73% Pretax Margin-42.23% Return on Equity-40.55% Return on Assets-13.56% Debt Debt-to-Equity Ratio1.29 Current Ratio5.07 Quick Ratio5.07 Sales & Book Value Annual Sales$819.89 million Price / Sales11.36 Cash FlowN/A Price / Cash FlowN/A Book Value$2.60 per share Price / Book11.27Miscellaneous Outstanding Shares317,835,000Free Float273,910,000Market Cap$9.32 billion OptionableOptionable Beta0.91 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. Edward Kreps (Age 43)Co-Founder, Chairman & CEO Comp: $380kKey CompetitorsF5NASDAQ:FFIVQualtrics InternationalNASDAQ:XMToastNYSE:TOSTClouderaNYSE:CLDRRingCentralNYSE:RNGView All CompetitorsInsiders & InstitutionsDNB Asset Management ASSold 965,380 shares on 7/5/2024Ownership: 0.161%Rohan SivaramSold 858 sharesTotal: $22,960.08 ($26.76/share)Chad VerbowskiSold 8,312 sharesTotal: $222,429.12 ($26.76/share)Erica SchultzSold 63,729 sharesTotal: $1.66 M ($26.01/share)Edward Jay KrepsSold 232,500 sharesTotal: $6.08 M ($26.17/share)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 beginning of 2024. Since then, CFLT stock has increased by 24.7% and is now trading at $29.19. View the best growth stocks for 2024 here. How were Confluent's earnings last quarter? Confluent, Inc. (NASDAQ:CFLT) announced its earnings results on Tuesday, May, 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by $0.04. The business had revenue of $217.24 million for the quarter, compared to the consensus estimate of $211.57 million. Confluent had a negative net margin of 46.73% and a negative trailing twelve-month return on equity of 40.55%. 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 $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 DNB Asset Management AS (0.16%). 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, Ventures Vii (Jersey) L Index, Jonathan Chadwick, 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. 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