Confluent (NASDAQ:CFLT) Given New $27.00 Price Target at Morgan Stanley

Confluent (NASDAQ:CFLT) had its price objective upped by Morgan Stanley from $25.00 to $27.00 in a research note published on Tuesday, MarketBeat.com reports. They currently have an equal weight rating on the stock.

CFLT has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Confluent in a research note on Wednesday, October 8th. Piper Sandler raised their price target on shares of Confluent from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday. Capital One Financial set a $21.00 price target on shares of Confluent in a report on Thursday, July 31st. Wells Fargo & Company began coverage on shares of Confluent in a report on Tuesday, September 30th. They issued an “overweight” rating and a $24.00 price target for the company. Finally, Mizuho raised their price target on shares of Confluent from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday. Twenty-two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.10.

Confluent Stock Up 7.6%

Confluent stock opened at $23.75 on Tuesday. Confluent has a 1-year low of $15.64 and a 1-year high of $37.90. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of -26.39 and a beta of 0.96. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03. The firm has a 50 day simple moving average of $20.48 and a 200 day simple moving average of $21.82.

Confluent (NASDAQ:CFLT) last released its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Confluent had a negative net margin of 27.32% and a negative return on equity of 26.03%. The business had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. During the same period in the previous year, the business earned $0.10 EPS. Confluent’s 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, analysts predict that Confluent will post -0.83 earnings per share for the current year.

Insider Activity at Confluent

In other news, CAO Kong Phan sold 4,544 shares of Confluent stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $19.87, for a total transaction of $90,289.28. Following the completion of the sale, the chief accounting officer directly owned 232,534 shares of the company’s stock, valued at approximately $4,620,450.58. The trade was a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 transaction of $619,060.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 741,584 shares of company stock worth $13,597,695 in the last three months. 13.82% of the stock is owned by insiders.

Institutional Trading of Confluent

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Confluent by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock worth $623,976,000 after acquiring an additional 1,791,588 shares during the last quarter. Altimeter Capital Management LP raised its position in Confluent by 11.0% in the 1st quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company’s stock worth $305,706,000 after purchasing an additional 1,295,710 shares during the period. Champlain Investment Partners LLC raised its position in Confluent by 6.7% in the 2nd quarter. Champlain Investment Partners LLC now owns 11,590,026 shares of the company’s stock worth $288,939,000 after purchasing an additional 727,943 shares during the period. William Blair Investment Management LLC raised its position in Confluent by 3.8% in the 2nd quarter. William Blair Investment Management LLC now owns 9,639,102 shares of the company’s stock worth $240,303,000 after purchasing an additional 356,277 shares during the period. Finally, Franklin Resources Inc. raised its position in Confluent by 1.7% in the 2nd quarter. Franklin Resources Inc. now owns 8,592,443 shares of the company’s stock worth $214,210,000 after purchasing an additional 143,232 shares during the period. 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.