Confluent (NASDAQ:CFLT) Upgraded at Zacks Research

Zacks Research upgraded shares of Confluent (NASDAQ:CFLT) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Wells Fargo & Company lowered their target price on Confluent from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada decreased their price target on Confluent from $28.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Stephens initiated coverage on Confluent in a research report on Friday, July 18th. They set an “overweight” rating and a $31.00 price objective for the company. Capital One Financial set a $21.00 target price on Confluent in a report on Thursday, July 31st. Finally, Oppenheimer decreased their target price on shares of Confluent from $32.00 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.36.

Confluent Stock Up 0.3%

NASDAQ:CFLT opened at $19.23 on Monday. The firm’s 50 day simple moving average is $21.69 and its 200 day simple moving average is $23.46. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.98 and a quick ratio of 3.98. Confluent has a one year low of $15.64 and a one year high of $37.90. The company has a market cap of $6.63 billion, a PE ratio of -20.46 and a beta of 0.97.

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

Insider Activity at Confluent

In other news, CFO Rohan Sivaram sold 26,097 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total transaction of $443,909.97. Following the completion of the sale, the chief financial officer owned 636,596 shares of the company’s stock, valued at $10,828,497.96. This trade represents a 3.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Vishria sold 30,953 shares of Confluent stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $20.00, for a total transaction of $619,060.00. Following the completion of the sale, the director owned 1,123,447 shares of the company’s stock, valued at $22,468,940. This represents a 2.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 352,785 shares of company stock worth $6,185,488. Corporate insiders own 13.82% of the company’s stock.

Hedge Funds Weigh In On Confluent

Several institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC acquired a new stake in shares of Confluent in the 2nd quarter valued at about $305,000. Marex Group plc bought a new position in Confluent in the second quarter worth approximately $298,000. State of Wyoming boosted its holdings in Confluent by 155.6% in the second quarter. State of Wyoming now owns 17,759 shares of the company’s stock worth $443,000 after acquiring an additional 10,811 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Confluent in the second quarter valued at approximately $245,000. Finally, Headlands Technologies LLC bought a new stake in shares of Confluent during the second quarter valued at approximately $263,000. Institutional investors and hedge funds 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.