DA Davidson Lowers Confluent (NASDAQ:CFLT) Price Target to $28.00

Confluent (NASDAQ:CFLT) had its target price cut by equities research analysts at DA Davidson from $42.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 41.27% from the stock’s current price. DA Davidson also issued estimates for Confluent’s Q2 2025 earnings at ($0.22) EPS.

CFLT has been the topic of a number of other reports. Loop Capital cut their target price on Confluent from $30.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their target price on shares of Confluent from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday. JMP Securities lowered their price objective on Confluent from $40.00 to $36.00 and set a “market outperform” rating for the company in a report on Thursday. Needham & Company LLC decreased their target price on Confluent from $40.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday. Finally, TD Securities dropped their price target on Confluent from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Confluent presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.28.

Confluent Price Performance

Shares of NASDAQ CFLT opened at $19.82 on Thursday. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of -18.35 and a beta of 1.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.99 and a quick ratio of 4.24. Confluent has a 1-year low of $17.79 and a 1-year high of $37.90. The business has a 50-day moving average of $24.45 and a 200-day moving average of $27.38.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $271.12 million for the quarter, compared to analyst estimates of $264.45 million. Confluent had a negative net margin of 35.81% and a negative return on equity of 34.70%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. On average, equities analysts anticipate that Confluent will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling at Confluent

In related news, CAO Kong Phan sold 3,175 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $26.86, for a total transaction of $85,280.50. Following the transaction, the chief accounting officer now owns 246,516 shares in the company, valued at $6,621,419.76. The trade was a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward Jay Kreps sold 232,500 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $29.36, for a total transaction of $6,826,200.00. Following the completion of the transaction, the chief executive officer now owns 452,488 shares of the company’s stock, valued at $13,285,047.68. This trade represents a 33.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,200,746 shares of company stock worth $38,505,150. Insiders own 13.82% of the company’s stock.

Institutional Investors Weigh In On Confluent

Institutional investors have recently made changes to their positions in the company. Arizona State Retirement System increased its position in Confluent by 2.1% during the first quarter. Arizona State Retirement System now owns 70,305 shares of the company’s stock valued at $1,648,000 after acquiring an additional 1,422 shares during the last quarter. Xponance Inc. raised its position in shares of Confluent by 4.9% during the first quarter. Xponance Inc. now owns 34,758 shares of the company’s stock valued at $815,000 after buying an additional 1,614 shares during the last quarter. Alps Advisors Inc. bought a new stake in Confluent in the 1st quarter valued at $1,341,000. M&T Bank Corp lifted its position in shares of Confluent by 4.4% in the first quarter. M&T Bank Corp now owns 22,496 shares of the company’s stock worth $527,000 after buying an additional 956 shares in the last quarter. Finally, Values First Advisors Inc. bought a new position in shares of Confluent during the 1st quarter valued at approximately $231,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Confluent Company Profile

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.