Most-Upgraded StocksMost-UpgradedNASDAQ:CFLT Confluent (CFLT) Stock Price, News & Analysis → 4x Better than Bitcoin (From Behind the Markets) (Ad) Free CFLT Stock Alerts $30.52 +0.31 (+1.03%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$30.01▼$30.9150-Day Range$21.99▼$34.5352-Week Range$14.69▼$41.22Volume3.35 million shsAverage Volume4.62 million shsMarket Capitalization$9.54 billionP/E RatioN/ADividend YieldN/APrice Target$30.92 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 Buy2.58 Rating ScoreUpside/Downside1.3% Upside$30.92 Price TargetShort InterestBearish8.87% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.49Based on 16 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.1.61 out of 5 starsBusiness Services Sector230th out of 317 stocksPrepackaged Software Industry164th out of 200 stocks 2.3 Analyst's Opinion Consensus RatingConfluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 15 buy ratings, 8 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $30.92, Confluent has a forecasted upside of 1.3% from its current price of $30.52.Amount of Analyst CoverageConfluent has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.87% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Confluent has recently increased by 21.15%, 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 2.5 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 0.49. 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 0.62 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Confluent this week, compared to 6 articles on an average week.Search InterestOnly 22 people have searched for CFLT on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat Follows23 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is an increase of 35% compared to the previous 30 days. Previous Next 4.2 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 Insiders22.08% 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. 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 -20.76, 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 -20.76, 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 11.74. 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 Porter & CompanyBombshell 2024 election documentary 2024: America’s Last Election New documentary reveals why this could be America’s Last Election… and how the elites’ plan threatens to reset the entire U.S. economy, along with your 401(k), bank, and stock portfolio.All the facts are here. 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 HeadlinesMarch 23, 2024 | insidertrades.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) CAO Sells 407 Shares of StockMarch 15, 2024 | insidertrades.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) Director Sells 46,875 Shares of StockMarch 29, 2024 | Crypto 101 Media (Ad)Crypto Market Preps For Trillions Worth of Inflows! Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.March 13, 2024 | insidertrades.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) Insider Sells 63,729 Shares of StockMarch 11, 2024 | insidertrades.comConfluent, Inc. (NASDAQ:CFLT) CEO Sells $7,823,625.00 in StockMarch 27, 2024 | theglobeandmail.comBradley Keith Headshots Champions the Importance of Professional Headshots for Everyone in 2024March 27, 2024 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Receives Consensus Recommendation of "Moderate Buy" from AnalystsMarch 25, 2024 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) CAO Sells $12,698.40 in StockMarch 29, 2024 | Crypto 101 Media (Ad)Crypto Market Preps For Trillions Worth of Inflows! Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.March 25, 2024 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) CFO Sells $18,345.60 in StockMarch 24, 2024 | americanbankingnews.comChad Verbowski Sells 8,086 Shares of Confluent, Inc. (NASDAQ:CFLT) StockMarch 23, 2024 | markets.businessinsider.comWells Fargo Reaffirms Their Buy Rating on Confluent (CFLT)March 23, 2024 | americanbankingnews.comConfluent (NASDAQ:CFLT) Price Target Raised to $38.00March 23, 2024 | finance.yahoo.comConfluent Inc's Chief Technology Officer Sells Company SharesMarch 22, 2024 | markets.businessinsider.comDeep Dive Into Confluent Stock: Analyst Perspectives (17 Ratings)March 20, 2024 | seekingalpha.comConfluent's Promising Path To Profitability (Rating Upgrade)March 20, 2024 | fool.comTech Sell-Off: 1 Growth Stock to Buy, and 1 to SellMarch 19, 2024 | businesswire.comConfluent Unveils Tableflow to Unite Analytics and Operations with Data StreamingMarch 19, 2024 | businesswire.comConfluent Announces General Availability of Confluent Cloud for Apache Flink®, Simplifying Stream Processing to Power Next-Gen AppsMarch 16, 2024 | ca.finance.yahoo.comCFLT Apr 2024 10.000 callMarch 14, 2024 | benzinga.comPeering Into Confluent's Recent Short InterestMarch 14, 2024 | finance.yahoo.comDirector Lara Caimi Sells 46,875 Shares of Confluent Inc (CFLT)March 12, 2024 | businesswire.comConfluent Extends Confluent Cloud Access With Completion of IRAP PROTECTED AssessmentMarch 11, 2024 | benzinga.comSmart Money Is Betting Big In CFLT OptionsFebruary 28, 2024 | msn.comHere's Why Confluent (CFLT) Shares DetractedFebruary 28, 2024 | finance.yahoo.comHere’s Why Confluent (CFLT) Shares DetractedFebruary 27, 2024 | fool.com2 Magnificent Growth 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 Earnings2/07/2024Today3/29/2024Next Earnings (Estimated)5/01/2024Fiscal 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$30.92 High Stock Price Target$42.00 Low Stock Price Target$21.00 Potential Upside/Downside+1.3%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage24 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 / Sales12.28 Cash FlowN/A Price / Cash FlowN/A Book Value$2.60 per share Price / Book11.74Miscellaneous Outstanding Shares312,620,000Free Float243,595,000Market Cap$9.54 billion OptionableOptionable Beta0.95 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Edward Kreps (Age 43)Co-Founder, Chairman & CEO Comp: $380kMs. Neha Narkhede (Age 38)Co-Founder & Director Comp: $30kMr. Chad Verbowski (Age 50)Chief Technology Officer Comp: $634.25kMs. Stephanie Buscemi (Age 52)Chief Marketing Officer Comp: $626.88kMs. Erica Ruliffson Schultz (Age 50)President of Field Operations Comp: $799.5kMr. Jun RaoCo-FounderMr. Rohan SivaramChief Financial OfficerMs. Ying LiuChief Accounting OfficerShane XieInvestor Relations OfficerMs. Melanie D. Vinson (Age 53)Chief Legal Officer More ExecutivesKey CompetitorsDuolingoNASDAQ:DUOLElasticNYSE:ESTCToastNYSE:TOSTF5NASDAQ:FFIVQualtrics InternationalNASDAQ:XMView All CompetitorsInsiders & InstitutionsPNC Financial Services Group Inc.Sold 1,707 shares on 3/22/2024Ownership: 0.001%Rohan SivaramSold 588 sharesTotal: $18,345.60 ($31.20/share)Chad VerbowskiSold 8,086 sharesTotal: $252,283.20 ($31.20/share)Ying Christina LiuSold 407 sharesTotal: $12,698.40 ($31.20/share)Vanguard Group Inc.Bought 647,251 shares on 3/11/2024Ownership: 6.101%View All Insider TransactionsView All Institutional Transactions CFLT Stock Analysis - Frequently Asked Questions Should I buy or sell Confluent stock right now? 24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 1 sell rating, 8 hold ratings and 15 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? 24 equities research analysts have issued 1 year price targets for Confluent's stock. Their CFLT share price targets range from $21.00 to $42.00. On average, they predict the company's stock price to reach $30.92 in the next year. This suggests a possible upside of 1.3% 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 2024. Since then, CFLT shares have increased by 30.4% and is now trading at $30.52. View the best growth stocks for 2024 here. Are investors shorting Confluent? Confluent saw a increase in short interest in March. As of March 15th, there was short interest totaling 19,020,000 shares, an increase of 21.1% from the February 29th total of 15,700,000 shares. Based on an average daily volume of 5,250,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 8.9% of the company's stock are short sold. View Confluent's Short Interest. When is Confluent's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our CFLT earnings forecast. How were Confluent's earnings last quarter? Confluent, Inc. (NASDAQ:CFLT) announced its quarterly earnings results on Wednesday, February, 7th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.19) by $0.01. The business earned $213.18 million during the quarter, compared to the consensus estimate of $204.62 million. Confluent had a negative net margin of 56.99% and a negative trailing twelve-month return on equity of 44.16%. What ETFs hold Confluent's stock? ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include Spear Alpha ETF (SPRX), ProShares Big Data Refiners ETF (DAT), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), iShares Future Cloud 5G and Tech ETF (IDAT), Invesco Dorsey Wright Technology Momentum ETF (PTF), BlackRock Future Innovators ETF (BFTR), Amplify Global Cloud Technology ETF (IVES) and First Trust Cloud Computing ETF (SKYY). What guidance has Confluent issued on next quarter's earnings? Confluent issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 0.000-0.020 for the period, compared to the consensus estimate of 0.020. The company issued revenue guidance of $211.0 million-$212.0 million, compared to the consensus revenue estimate of $210.6 million. When did Confluent IPO? Confluent (CFLT) raised $713 million in an initial public offering 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? Confluent's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.19%), Vanguard Group Inc. (6.10%), Price T Rowe Associates Inc. MD (4.87%), Altimeter Capital Management LP (4.78%), Capital Research Global Investors (1.99%) and Coatue Management LLC (1.86%). 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 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeYour Money is Not SafeAmerican AlternativeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaThe ONE AI Sock to own now. (It’s not Nvidia.)Weiss Ratings“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm Press Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Confluent, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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