Confluent (NASDAQ:CFLT) Given New $26.00 Price Target at Robert W. Baird

Confluent (NASDAQ:CFLT) had its price target raised by Robert W. Baird from $20.00 to $26.00 in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the company. UBS Group reissued a “buy” rating and issued a $29.00 price target (up previously from $28.00) on shares of Confluent in a report on Tuesday. Capital One Financial set a $21.00 target price on Confluent in a research report on Thursday, July 31st. Citigroup restated a “market outperform” rating on shares of Confluent in a research report on Tuesday. Morgan Stanley upped their price target on shares of Confluent from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Oppenheimer reduced their target price on shares of Confluent from $32.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Twenty-two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.10.

Confluent Price Performance

Shares of NASDAQ:CFLT opened at $23.75 on Tuesday. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03. Confluent has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The firm has a 50-day simple moving average of $20.48 and a 200 day simple moving average of $21.82. The company has a market cap of $8.19 billion, a PE ratio of -26.39 and a beta of 0.96.

Confluent (NASDAQ:CFLT) last issued its earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Confluent had a negative return on equity of 26.03% and a negative net margin of 27.32%.The company had revenue of $298.52 million during the quarter, compared to the consensus estimate of $292.69 million. During the same period in the previous year, the firm posted $0.10 earnings per share. Confluent’s quarterly revenue was up 19.3% compared to the same quarter last year. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. On average, sell-side analysts anticipate that Confluent will post -0.83 EPS for the current year.

Insiders Place Their Bets

In other Confluent news, CAO Kong Phan sold 4,544 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $19.87, for a total transaction of $90,289.28. Following the sale, the chief accounting officer directly owned 232,534 shares in the company, valued at approximately $4,620,450.58. The trade was a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rohan Sivaram sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. Following the transaction, the chief financial officer owned 631,596 shares in the company, valued at $12,631,920. This represents a 0.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 741,584 shares of company stock valued at $13,597,695. Corporate insiders own 13.82% of the company’s stock.

Hedge Funds Weigh In On Confluent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in Confluent by 3.4% during the 1st quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock valued at $398,000 after purchasing an additional 566 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Confluent by 26.8% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock valued at $73,000 after buying an additional 661 shares during the period. AlphaQuest LLC lifted its holdings in shares of Confluent by 21.7% in the second quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock valued at $116,000 after buying an additional 826 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of Confluent by 8.7% in the third quarter. Perigon Wealth Management LLC now owns 10,775 shares of the company’s stock valued at $213,000 after buying an additional 866 shares during the period. Finally, M&T Bank Corp raised its position in 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 acquiring an additional 956 shares in the last quarter. 78.09% of the stock is owned by 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.