Confluent (NASDAQ:CFLT) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Confluent (NASDAQ:CFLT) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $24.00 price objective on the stock.

Several other brokerages have also issued reports on CFLT. Piper Sandler decreased their target price on Confluent from $32.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Cowen lowered Confluent from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. Raymond James Financial decreased their target price on Confluent from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $21.00 target price (down previously from $30.00) on shares of Confluent in a research report on Thursday, July 31st. Finally, TD Cowen reaffirmed a “hold” rating and set a $24.00 price objective on shares of Confluent in a research report on Thursday, July 31st. One analyst has 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.25.

Confluent Trading Up 4.1%

NASDAQ CFLT opened at $20.52 on Tuesday. Confluent has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98. The stock has a 50 day simple moving average of $19.36 and a two-hundred day simple moving average of $22.01. The stock has a market cap of $7.07 billion, a P/E ratio of -21.83 and a beta of 0.96.

Confluent (NASDAQ:CFLT) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 earnings per share 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 business had revenue of $282.29 million during the quarter, compared to analysts’ expectations of $278.32 million. During the same quarter last year, the business posted $0.06 EPS. The business’s revenue was up 20.1% on a year-over-year basis. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. On average, analysts forecast that Confluent will post -0.83 earnings per share for the current year.

Insiders Place Their Bets

In other Confluent news, CFO Rohan Sivaram sold 5,000 shares of Confluent stock in a transaction on Monday, September 8th. The stock was sold at an average price of $20.00, for a total value of $100,000.00. Following the completion of the sale, the chief financial officer owned 631,596 shares of the company’s stock, valued at approximately $12,631,920. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Vishria sold 30,953 shares of Confluent stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $20.00, for a total value 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 approximately $22,468,940. The trade was a 2.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 741,584 shares of company stock worth $13,597,695. 9.20% of the stock is owned by corporate insiders.

Institutional Trading of Confluent

A number of institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. increased its holdings in shares of Confluent by 22.4% in the 2nd quarter. Osaic Holdings Inc. now owns 32,590 shares of the company’s stock worth $810,000 after purchasing an additional 5,970 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Confluent in the 2nd quarter worth $305,000. Marex Group plc bought a new stake in shares of Confluent in the 2nd quarter worth $298,000. State of Wyoming increased its holdings in shares of Confluent by 155.6% in the 2nd quarter. State of Wyoming now owns 17,759 shares of the company’s stock worth $443,000 after purchasing an additional 10,811 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of Confluent in the 2nd quarter worth $245,000. 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.