NASDAQ:CFLT Confluent (CFLT) Stock Price, News & Analysis → Pentagon contract could send this $2 AI stock soaring (From Behind the Markets) (Ad) Free CFLT Stock Alerts $28.88 +0.35 (+1.23%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$28.25▼$29.2550-Day Range$26.89▼$34.5352-Week Range$14.69▼$41.22Volume2.78 million shsAverage Volume4.93 million shsMarket Capitalization$9.03 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/Downside6.1% Upside$30.64 Price TargetShort InterestBearish9.26% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.30Based on 6 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.1.56 out of 5 starsBusiness Services Sector233rd out of 306 stocksPrepackaged Software Industry167th out of 197 stocks 2.3 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 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted9.26% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Confluent has recently increased by 4.36%, 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 2.4 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 1.30. 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 0.43 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Confluent this week, compared to 6 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 -43% 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 -32% 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 -19.65, 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 -19.65, 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 11.11. 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 Behind the MarketsPentagon contract could send this $2 AI stock soaringWhenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...Get all the info 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 HeadlinesApril 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 24, 2024 | Behind the Markets (Ad)Pentagon contract could send this $2 AI stock soaringWhenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...April 21, 2024 | americanbankingnews.comConfluent, Inc. (NASDAQ:CFLT) Given Average Rating of "Moderate Buy" by BrokeragesApril 16, 2024 | businesswire.comConfluent Announces Accelerate with Confluent, a Revamped and Services-Led Partner Program for System IntegratorsApril 16, 2024 | americanbankingnews.comConfluent (NASDAQ:CFLT) Price Target Cut to $36.00 by Analysts at MizuhoApril 15, 2024 | msn.comConfluent Stock Has 26% Upside, According to 1 Wall Street AnalystApril 15, 2024 | benzinga.comKey Takeaways From Confluent Analyst RatingsApril 24, 2024 | Behind the Markets (Ad)Pentagon contract could send this $2 AI stock soaringWhenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...April 14, 2024 | americanbankingnews.comConfluent (NASDAQ:CFLT) and Agora (NASDAQ:API) Head-To-Head ComparisonApril 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 NowApril 7, 2024 | msn.comGot $2,000? 2 Super-Growth Stocks to Buy in 2024 and Hold for at Least 10 YearsApril 4, 2024 | fool.comThis Under-the-Radar Announcement Makes Confluent My Top Growth Stock to BuyApril 3, 2024 | businesswire.comConfluent Named a Leader in Two IDC MarketScape Reports Evaluating Data Streaming TechnologiesApril 1, 2024 | seekingalpha.comSpear Advisors Q4 2023 Fund LetterMarch 27, 2024 | theglobeandmail.comBradley Keith Headshots Champions the Importance of Professional Headshots for Everyone in 2024March 23, 2024 | markets.businessinsider.comWells Fargo Reaffirms Their Buy Rating on Confluent (CFLT)March 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 StreamingSee 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 Earnings2/07/2024Today4/24/2024Next Earnings (Confirmed)5/07/2024Fiscal 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$30.64 High Stock Price Target$40.00 Low Stock Price Target$21.00 Potential Upside/Downside+7.4%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 / Sales11.48 Cash FlowN/A Price / Cash FlowN/A Book Value$2.60 per share Price / Book10.97Miscellaneous Outstanding Shares312,620,000Free Float243,595,000Market Cap$8.92 billion OptionableOptionable Beta0.91 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: $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:DUOLToastNYSE:TOSTElasticNYSE:ESTCProcore TechnologiesNYSE:PCORF5NASDAQ:FFIVView All CompetitorsInsiders & InstitutionsAssenagon Asset Management S.A.Sold 3,317 shares on 4/24/2024Ownership: 0.004%Sumitomo Mitsui Trust Holdings Inc.Bought 5,362 shares on 4/19/2024Ownership: 0.117%Handelsinvest InvesteringsforvaltningSold 3,153 shares on 4/19/2024Ownership: 0.002%Diversified Trust CoBought 20,950 shares on 4/18/2024Ownership: 0.007%Wealth Enhancement Advisory Services LLCBought 1,062 shares on 4/16/2024Ownership: 0.008%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 brokers have issued 12-month target prices for Confluent's shares. Their CFLT share price targets range from $21.00 to $40.00. On average, they expect the company's stock price to reach $30.64 in the next twelve months. This suggests a possible upside of 6.1% 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 2024. Since then, CFLT shares have increased by 23.4% and is now trading at $28.88. View the best growth stocks for 2024 here. When is Confluent's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our CFLT earnings forecast. How can I listen to Confluent's earnings call? 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. How were Confluent's earnings last quarter? Confluent, Inc. (NASDAQ:CFLT) issued its earnings results on Wednesday, February, 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.01. The company had revenue of $213.18 million for the quarter, compared to the consensus estimate of $204.62 million. Confluent had a negative trailing twelve-month return on equity of 44.16% and a negative net margin of 56.99%. 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), Fidelity Disruptive Technology ETF (FDTX), Jacob Forward ETF (JFWD), 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 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 EPS 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 (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. Who are Confluent's major shareholders? Confluent's stock is owned by a number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.12%), IMC Chicago LLC (0.00%), Renaissance Capital LLC (0.04%), Wealth Enhancement Advisory Services LLC (0.01%), Gulf International Bank UK Ltd (0.01%) and Diversified Trust Co (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. 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. 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