Confluent (CFLT) Stock Price, News & Analysis

25 Wall Street equities 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 equities research analysts is that investors should "moderate buy" CFLT shares.
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25 Wall Street research analysts have issued 12-month target prices for Confluent's stock. Their CFLT share price targets range from $21.00 to $40.00. On average, they expect the company's share price to reach $30.64 in the next year. This suggests a possible upside of 10.9% from the stock's current price.
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Confluent's stock was trading at $23.40 at the beginning of the year. Since then, CFLT shares have increased by 18.1% and is now trading at $27.63.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Confluent will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Confluent, Inc. (NASDAQ:CFLT) issued its quarterly earnings results on Wednesday, February, 7th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by $0.01. The business had revenue of $213.18 million for the quarter, compared to analyst estimates 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%.

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), BlackRock Future Innovators ETF (BFTR), Jacob Forward ETF (JFWD), First Trust Cloud Computing ETF (SKYY) and Renaissance IPO ETF (IPO).

Confluent updated its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS 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.

Confluent (CFLT) raised $713 million in an 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 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.

Confluent's stock is owned by a number of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Renaissance Capital LLC (0.04%), Wealth Enhancement Advisory Services LLC (0.01%), Gulf International Bank UK Ltd (0.01%), Diversified Trust Co (0.01%) and Banque Cantonale Vaudoise (0.01%). 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.
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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.
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