Evercore ISI Issues Positive Forecast for Confluent (NASDAQ:CFLT) Stock Price

Confluent (NASDAQ:CFLT) had its target price hoisted by Evercore ISI from $23.00 to $28.00 in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

CFLT has been the subject of several other reports. The Goldman Sachs Group raised their target price on Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday. TD Cowen reiterated a “hold” rating and issued a $24.00 price target on shares of Confluent in a report on Thursday, July 31st. Capital One Financial set a $21.00 target price on Confluent in a research report on Thursday, July 31st. Guggenheim lowered their target price on Confluent from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Finally, Wells Fargo & Company initiated coverage on shares of Confluent in a research note on Tuesday, September 30th. They set an “overweight” rating and a $24.00 price target for the company. Twenty-two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.10.

Confluent Price Performance

Confluent stock opened at $23.75 on Tuesday. 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 has a 52-week low of $15.64 and a 52-week high of $37.90. The stock’s 50 day moving average price is $20.48 and its two-hundred day moving average price is $21.82. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of -26.39 and a beta of 0.96.

Confluent (NASDAQ:CFLT) last released its earnings results on Monday, October 27th. The company reported $0.13 earnings per share (EPS) 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 company had revenue of $298.52 million for the quarter, compared to the consensus estimate of $292.69 million. During the same quarter in the previous year, the company earned $0.10 EPS. 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, equities analysts predict that Confluent will post -0.83 earnings per share for the current year.

Insider Buying and Selling at Confluent

In related news, CFO Rohan Sivaram sold 5,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $20.00, for a total transaction of $100,000.00. Following the completion of the sale, the chief financial officer owned 631,596 shares in the company, valued at approximately $12,631,920. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Kong Phan sold 4,544 shares of Confluent stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $19.87, for a total transaction of $90,289.28. Following the transaction, the chief accounting officer directly owned 232,534 shares in the company, valued at $4,620,450.58. This represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 741,584 shares of company stock valued at $13,597,695 in the last three months. Insiders own 13.82% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Confluent by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock valued at $623,976,000 after buying an additional 1,791,588 shares during the last quarter. Altimeter Capital Management LP grew its holdings in shares of Confluent by 11.0% in the first quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company’s stock valued at $305,706,000 after acquiring an additional 1,295,710 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Confluent by 6.7% in the second quarter. Champlain Investment Partners LLC now owns 11,590,026 shares of the company’s stock valued at $288,939,000 after acquiring an additional 727,943 shares in the last quarter. William Blair Investment Management LLC boosted its position in Confluent by 3.8% in the second 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 last quarter. Finally, Franklin Resources Inc. boosted its position in Confluent by 1.7% in the second 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 last quarter. 78.09% of the stock is owned by institutional investors.

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.