Confluent, Inc. (NASDAQ:CFLT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Confluent, Inc. (NASDAQ:CFLT) have earned an average recommendation of “Moderate Buy” from the thirty-two brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $27.3571.

Several brokerages recently weighed in on CFLT. Barclays decreased their target price on Confluent from $31.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, August 1st. UBS Group decreased their target price on Confluent from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $21.00 target price (down previously from $30.00) on shares of Confluent in a research note on Thursday, July 31st. DA Davidson decreased their target price on Confluent from $32.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada decreased their target price on Confluent from $28.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st.

Confluent Trading Down 3.4%

NASDAQ:CFLT opened at $19.18 on Wednesday. Confluent has a 1 year low of $15.64 and a 1 year high of $37.90. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of -20.40 and a beta of 0.97. The business has a fifty day moving average of $21.78 and a 200-day moving average of $23.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98.

Confluent (NASDAQ:CFLT) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The company had revenue of $282.29 million during the quarter, compared to analysts’ expectations of $278.32 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. Equities analysts predict that Confluent will post -0.83 earnings per share for the current year.

Insider Buying and Selling at Confluent

In other news, Director Eric Vishria sold 30,953 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $20.00, for a total transaction of $619,060.00. Following the completion of the sale, the director directly owned 1,123,447 shares of the company’s stock, valued at $22,468,940. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward Jay Kreps sold 37,707 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.04, for a total value of $642,527.28. Following the sale, the chief executive officer directly owned 377,074 shares of the company’s stock, valued at approximately $6,425,340.96. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 630,070 shares of company stock valued at $12,997,054 over the last 90 days. 13.82% of the stock is owned by insiders.

Institutional Investors Weigh In On Confluent

Several hedge funds have recently modified their holdings of CFLT. Dimensional Fund Advisors LP lifted its holdings in shares of Confluent by 40.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 208,043 shares of the company’s stock valued at $5,819,000 after purchasing an additional 60,346 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Confluent by 2.7% during the fourth quarter. Stifel Financial Corp now owns 42,475 shares of the company’s stock valued at $1,188,000 after purchasing an additional 1,136 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Confluent by 19.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 127,306 shares of the company’s stock valued at $3,559,000 after purchasing an additional 21,010 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Confluent by 25.9% during the fourth quarter. Northern Trust Corp now owns 1,383,028 shares of the company’s stock valued at $38,669,000 after purchasing an additional 284,307 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Confluent by 756.2% during the fourth quarter. AQR Capital Management LLC now owns 325,539 shares of the company’s stock valued at $9,102,000 after purchasing an additional 287,519 shares during the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.

About Confluent

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.