NASDAQ:CFLT Confluent (CFLT) Stock Price, News & Analysis → The Department of Defense Has a New Drone Contractor (From The Tomorrow Investor) (Ad) Free CFLT Stock Alerts $27.83 -0.80 (-2.79%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$27.41▼$28.3850-Day Range$26.89▼$34.5352-Week Range$14.69▼$41.22Volume7.61 million shsAverage Volume4.77 million shsMarket Capitalization$8.70 billionP/E RatioN/ADividend YieldN/APrice Target$30.64 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Confluent alerts: Email Address Confluent MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside10.1% Upside$30.64 Price TargetShort InterestBearish9.28% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.53Based on 19 Articles This WeekInsider TradingSelling Shares$46.44 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.92) 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.2.68 out of 5 starsBusiness Services Sector228th out of 313 stocksPrepackaged Software Industry165th out of 204 stocks 3.3 Analyst's Opinion Consensus RatingConfluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 16 buy ratings, 8 hold ratings, and 1 sell rating.Amount of Analyst CoverageConfluent has been the subject of 12 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 2.0 Short Interest Percentage of Shares Shorted9.28% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Confluent has recently increased by 0.20%, indicating that investor sentiment is decreasing. 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 3.1 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 0.53. 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 0.36 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Confluent this week, compared to 7 articles on an average week.Search InterestOnly 13 people have searched for CFLT on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.MarketBeat Follows11 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is an increase of 10% 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 $46,438,029.00 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 ($0.92) to ($0.86) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Confluent is -18.93, 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 -18.93, 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 10.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaIncredible Opportunity to Retire FAST!A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.Click here to get instant access to the guide 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 HeadlinesMay 7, 2024 | msn.comCFLT Stock Earnings: Confluent Beats EPS, Beats Revenue for Q1 2024May 7, 2024 | finance.yahoo.comConfluent Inc (CFLT) Q1 2024 Earnings: Surpasses Revenue Estimates with Strong Subscription GrowthMay 8, 2024 | InvestorPlace (Ad)The new financial threat that could wipe out millions…During the Internet boom, companies like Pets.com were supposed to be promising investments riding the wave of a new tech boom. But then they were gone within a blink of an eye. One of the most successful investors in history just stepped forward to say the same thing is about to happen to AI stocks.May 7, 2024 | fool.comConfluent (CFLT) Q1 2024 Earnings Call TranscriptMay 7, 2024 | seekingalpha.comConfluent, Inc. 2024 Q1 - Results - Earnings Call PresentationMay 7, 2024 | msn.comConfluent Non-GAAP EPS of $0.05 beats by $0.03, revenue of $217.2M beats by $5.36MMay 7, 2024 | finance.yahoo.comConfluent: Q1 Earnings SnapshotMay 7, 2024 | businesswire.comConfluent Announces First Quarter 2024 Financial ResultsMay 8, 2024 | InvestorPlace (Ad)The new financial threat that could wipe out millions…During the Internet boom, companies like Pets.com were supposed to be promising investments riding the wave of a new tech boom. But then they were gone within a blink of an eye. One of the most successful investors in history just stepped forward to say the same thing is about to happen to AI stocks.May 6, 2024 | finance.yahoo.comEarnings To Watch: Confluent (CFLT) Reports Q1 Results TomorrowMay 5, 2024 | fool.comGot $500? These Hot Growth Stocks Are Screaming Buys Right NowMay 2, 2024 | businesswire.comConfluent Unveils New Capabilities to Apache Flink Offering to Simplify AI and Bring Stream Processing to Workloads EverywhereApril 30, 2024 | finance.yahoo.comInstitutional investors control 65% of Confluent, Inc. (NASDAQ:CFLT) and were rewarded last week after stock increased 5.5%April 30, 2024 | americanbankingnews.comConfluent (CFLT) Set to Announce Earnings on TuesdayApril 29, 2024 | nasdaq.comCFLT Quantitative Stock AnalysisApril 28, 2024 | markets.businessinsider.comConfluent (CFLT) Receives a Buy from Wells FargoApril 22, 2024 | finance.yahoo.comQ4 Rundown: Confluent (NASDAQ:CFLT) Vs Other Data Infrastructure StocksApril 21, 2024 | seekingalpha.comConfluent: A Promising Growth Story Given Increasing Usage On Platform And Robust InnovationApril 16, 2024 | businesswire.comConfluent Announces Accelerate with Confluent, a Revamped and Services-Led Partner Program for System IntegratorsApril 15, 2024 | msn.comConfluent Stock Has 26% Upside, According to 1 Wall Street AnalystApril 15, 2024 | benzinga.comKey Takeaways From Confluent Analyst RatingsApril 9, 2024 | fool.comCould Confluent Become the Next Salesforce?April 8, 2024 | businesswire.comConfluent Named a Google Cloud Partner of the Year for the Fifth TimeApril 8, 2024 | seekingalpha.comConfluent: Share Price Rebound Is Overly OptimisticApril 8, 2024 | businesswire.comConfluent to Announce First Quarter 2024 Financial Results on May 07, 2024April 8, 2024 | prnewswire.comOscilar Unveils Groundbreaking AI-Powered AML Risk Platform, Transforming Compliance for Fintechs, Sponsor Banks, and Financial EcosystemApril 7, 2024 | fool.comHere Are My 3 Top Tech Stocks to Buy Right NowSee 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 Earnings1/30/2023Today5/08/2024Fiscal 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$30.64 High Stock Price Target$40.00 Low Stock Price Target$21.00 Potential Upside/Downside+10.1%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage25 Analysts Profitability EPS (Most Recent Fiscal Year)($1.47) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-442,750,000.00 Net Margins-56.99% Pretax Margin-52.34% Return on Equity-44.16% Return on Assets-14.52% Debt Debt-to-Equity Ratio1.34 Current Ratio4.62 Quick Ratio4.62 Sales & Book Value Annual Sales$776.95 million Price / Sales11.20 Cash FlowN/A Price / Cash FlowN/A Book Value$2.60 per share Price / Book10.70Miscellaneous Outstanding Shares312,620,000Free Float269,418,000Market Cap$8.70 billion OptionableOptionable Beta0.93 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Edward Kreps (Age 43)Co-Founder, Chairman & CEO Comp: $380kKey CompetitorsF5NASDAQ:FFIVProcore TechnologiesNYSE:PCORSPS CommerceNASDAQ:SPSCDuolingoNASDAQ:DUOLToastNYSE:TOSTView All CompetitorsInsiders & InstitutionsInspire Investing LLCBought 49,855 shares on 5/8/2024Ownership: 0.016%Qsemble Capital Management LPSold 26,640 shares on 5/8/2024Ownership: 0.002%Swiss National BankSold 2,800 shares on 5/7/2024Ownership: 0.180%Oppenheimer & Co. Inc.Bought 10,944 shares on 5/7/2024Ownership: 0.008%SG Americas Securities LLCSold 17,466 shares on 5/7/2024Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions CFLT Stock Analysis - Frequently Asked Questions Should I buy or sell Confluent stock right now? 25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CFLT shares. View CFLT analyst ratings or view top-rated stocks. What is Confluent's stock price target for 2024? 25 Wall Street analysts have issued 1 year price targets for Confluent's shares. Their CFLT share price targets range from $21.00 to $40.00. On average, they anticipate the company's stock price to reach $30.64 in the next year. This suggests a possible upside of 10.1% from the stock's current price. View analysts price targets for CFLT or view top-rated stocks among Wall Street analysts. How have CFLT shares performed in 2024? Confluent's stock was trading at $23.40 at the beginning of the year. Since then, CFLT shares have increased by 18.9% and is now trading at $27.83. 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 Monday, January, 30th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.06. The business had revenue of $168.70 million for the quarter, compared to the consensus estimate of $162.53 million. Confluent had a negative net margin of 56.99% and a negative trailing twelve-month return on equity of 44.16%. The business's quarterly revenue was up 40.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.43) earnings per share. What ETFs hold Confluent's stock? ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Spear Alpha ETF (SPRX), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), BlackRock Future Innovators ETF (BFTR), Jacob Forward ETF (JFWD), Fidelity Disruptive Technology ETF (FDTX), Renaissance IPO ETF (IPO) and Amplify Global Cloud Technology ETF (IVES). What guidance has Confluent issued on next quarter's earnings? Confluent issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of 0.040-0.050 for the period, compared to the consensus estimate of 0.040. The company issued revenue guidance of $229.0 million-$230.0 million, compared to the consensus revenue estimate of $229.3 million. When did Confluent IPO? Confluent (CFLT) raised $713 million in an 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? Confluent's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Swiss National Bank (0.18%), Baillie Gifford & Co. (0.14%), Source Financial Advisors LLC (0.12%), Sumitomo Mitsui Trust Holdings Inc. (0.12%), AlpInvest Partners B.V. (0.10%) and Peregrine Capital Management LLC (0.09%). Insiders that own company stock include An-Yen Hu, Brad Gerstner, Chad Verbowski, Chetan Puttagunta, Edward Jay Kreps, Erica Schultz, Jonathan Chadwick, Lara Caimi, Michelangelo Volpi, Neha Narkhede, Peter H Fenton, Rohan Sivaram, Steffan Tomlinson, Stephanie Buscemi, Steven M Spurlock, Ventures Vii (Jersey) L Index and Ying Christina Liu. 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. This page (NASDAQ:CFLT) was last updated on 5/8/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? 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