Should I buy or sell Confluent stock right now?

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. View CFLT analyst ratings or view top-rated stocks .

What is Confluent's stock price target for 2024?

25 equities research analysts have issued twelve-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 stock price to reach $30.64 in the next twelve months. This suggests a possible upside of 13.9% 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 stock has increased by 14.9% and is now trading at $26.89. 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) released 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 company had revenue of $213.18 million for the quarter, compared to analysts' expectations 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 ProShares Big Data Refiners ETF (DAT) , Spear Alpha ETF (SPRX) , 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) , 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 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 many different 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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NASDAQ:CFLT

Confluent (CFLT) Stock Price, News & Analysis

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$26.89

-0.52 (-1.90%)

(As of 04/19/2024 ET)

Compare

Today's Range: $26.53
▼
$27.52
50-Day Range: $27.41
▼
$34.53
52-Week Range: $14.69
▼
$41.22

Volume: 3.19 million shs
Average Volume: 4.96 million shs
Market Capitalization: $8.41 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $30.64

Get Confluent alerts:

Confluent MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 13.9% Upside
$30.64 Price Target
Short Interest: Bearish
9.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.29
Based on 10 Articles This Week
Insider Trading: Selling Shares
$46.44 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.92) to ($0.86) Per Share

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.

2.38 out of 5 stars

Business Services Sector

189th out of 305 stocks

Prepackaged Software Industry

136th out of 197 stocks

3.3

Analyst's Opinion

Consensus Rating
Confluent 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 Coverage
Confluent has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
9.26% of the float of Confluent has been sold short.
Short Interest Ratio / Days to Cover
Confluent 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 month
Short interest in Confluent has recently increased by 4.36%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Confluent does not currently pay a dividend.
Dividend Growth
Confluent does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CFLT.

1.8

News and Social Media Coverage

News Sentiment
Confluent has a news sentiment score of 0.29. 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 0.51 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Confluent this week, compared to 6 articles on an average week.
Search Interest
Only 15 people have searched for CFLT on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
Only 13 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is a decrease of -28% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
22.08% 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 Institutions
78.09% of the stock of Confluent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Confluent are expected to grow in the coming year, from ($0.92) to ($0.86) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Confluent is -18.29, 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. Sector
The P/E ratio of Confluent is -18.29, 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 Ratio
Confluent has a P/B Ratio of 10.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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.

CFLT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CFLT Stock News Headlines

March 23, 2024 | insidertrades.com

Insider Selling: Confluent, Inc. (NASDAQ:CFLT) CAO Sells 407 Shares of Stock

April 16, 2024 | businesswire.com

Confluent Announces Accelerate with Confluent, a Revamped and Services-Led Partner Program for System Integrators

April 19, 2024 | Crypto 101 Media (Ad)

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April 16, 2024 | americanbankingnews.com

Confluent (NASDAQ:CFLT) Price Target Cut to $36.00 by Analysts at Mizuho

April 15, 2024 | msn.com

Confluent Stock Has 26% Upside, According to 1 Wall Street Analyst

April 15, 2024 | benzinga.com

Key Takeaways From Confluent Analyst Ratings

April 14, 2024 | americanbankingnews.com

Confluent (NASDAQ:CFLT) and Agora (NASDAQ:API) Head-To-Head Comparison

April 9, 2024 | fool.com

Could Confluent Become the Next Salesforce?

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 8, 2024 | businesswire.com

Confluent Named a Google Cloud Partner of the Year for the Fifth Time

April 8, 2024 | seekingalpha.com

Confluent: Share Price Rebound Is Overly Optimistic

April 8, 2024 | businesswire.com

Confluent to Announce First Quarter 2024 Financial Results on May 07, 2024

April 8, 2024 | prnewswire.com

Oscilar Unveils Groundbreaking AI-Powered AML Risk Platform, Transforming Compliance for Fintechs, Sponsor Banks, and Financial Ecosystem

April 7, 2024 | fool.com

Here Are My 3 Top Tech Stocks to Buy Right Now

April 7, 2024 | msn.com

Got $2,000? 2 Super-Growth Stocks to Buy in 2024 and Hold for at Least 10 Years

April 4, 2024 | fool.com

This Under-the-Radar Announcement Makes Confluent My Top Growth Stock to Buy

April 3, 2024 | businesswire.com

Confluent Named a Leader in Two IDC MarketScape Reports Evaluating Data Streaming Technologies

April 1, 2024 | seekingalpha.com

Spear Advisors Q4 2023 Fund Letter

March 27, 2024 | theglobeandmail.com

Bradley Keith Headshots Champions the Importance of Professional Headshots for Everyone in 2024

March 23, 2024 | markets.businessinsider.com

Wells Fargo Reaffirms Their Buy Rating on Confluent (CFLT)

March 23, 2024 | finance.yahoo.com

Confluent Inc's Chief Technology Officer Sells Company Shares

March 22, 2024 | markets.businessinsider.com

Deep Dive Into Confluent Stock: Analyst Perspectives (17 Ratings)

March 20, 2024 | seekingalpha.com

Confluent's Promising Path To Profitability (Rating Upgrade)

March 20, 2024 | fool.com

Tech Sell-Off: 1 Growth Stock to Buy, and 1 to Sell

March 19, 2024 | businesswire.com

Confluent Unveils Tableflow to Unite Analytics and Operations with Data Streaming

March 19, 2024 | businesswire.com

Confluent Announces General Availability of Confluent Cloud for Apache Flink®, Simplifying Stream Processing to Power Next-Gen Apps

March 16, 2024 | ca.finance.yahoo.com

CFLT Apr 2024 10.000 call

See More Headlines

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Company Calendar

Last Earnings: 2/07/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:CFLT
CUSIP: N/A
CIK: 1699838
Web: www.confluent.io
Phone: 800-439-3207
Fax: N/A
Employees: 2,744
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $30.64
High Stock Price Target: $40.00
Low Stock Price Target: $21.00
Potential Upside/Downside: +13.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 25 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.47)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: 1.34
Current Ratio: 4.62
Quick Ratio: 4.62

Sales & Book Value

Annual Sales: $776.95 million
Price / Sales: 10.89
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.60 per share
Price / Book: 10.41

Miscellaneous

Outstanding Shares: 312,620,000
Free Float: 243,595,000
Market Cap: $8.46 billion
Optionable: Optionable
Beta: 0.91

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Key Executives

Mr. Edward Kreps (Age 43)
Co-Founder, Chairman & CEO
Comp: $380k
Ms. Neha Narkhede (Age 38)
Co-Founder & Director
Comp: $30k
Mr. Chad Verbowski (Age 50)
Chief Technology Officer
Comp: $634.25k
Ms. Stephanie Buscemi (Age 52)
Chief Marketing Officer
Comp: $626.88k
Ms. Erica Ruliffson Schultz (Age 50)
President of Field Operations
Comp: $799.5k
Mr. Jun Rao
Co-Founder
Mr. Rohan Sivaram
Chief Financial Officer
Ms. Ying Liu
Chief Accounting Officer
Shane Xie
Investor Relations Officer
Ms. Melanie D. Vinson (Age 53)
Chief Legal Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell Confluent stock right now?: 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.
View CFLT analyst ratings or view top-rated stocks.
What is Confluent's stock price target for 2024?: 25 equities research analysts have issued twelve-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 stock price to reach $30.64 in the next twelve months. This suggests a possible upside of 13.9% 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 stock has increased by 14.9% and is now trading at $26.89.
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) released 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 company had revenue of $213.18 million for the quarter, compared to analysts' expectations 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 ProShares Big Data Refiners ETF (DAT), Spear Alpha ETF (SPRX), 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), 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 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 many different 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.

This page (NASDAQ:CFLT) was last updated on 4/19/2024 by MarketBeat.com Staff

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Confluent (CFLT) Stock Price, News & Analysis

Confluent MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Confluent Stock (NASDAQ:CFLT)

CFLT Stock Price History

CFLT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CFLT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™