Piper Sandler Issues Positive Forecast for Confluent (NASDAQ:CFLT) Stock Price

Confluent (NASDAQ:CFLT) had its price target hoisted by Piper Sandler from $27.00 to $28.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm currently has an overweight rating on the stock.

CFLT has been the subject of a number of other research reports. Barclays increased their target price on Confluent from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Research raised shares of Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Cowen downgraded shares of Confluent from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Capital One Financial set a $21.00 price target on shares of Confluent in a research note on Thursday, July 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $21.00 price target (down from $30.00) on shares of Confluent in a research note on Thursday, July 31st. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.10.

Confluent Price Performance

CFLT opened at $23.75 on Tuesday. The stock has a fifty day moving average of $20.48 and a 200-day moving average of $21.82. The firm has a market capitalization of $8.19 billion, a P/E ratio of -26.39 and a beta of 0.96. Confluent has a 12-month low of $15.64 and a 12-month high of $37.90. 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 (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. The company had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. Confluent had a negative return on equity of 26.03% and a negative net margin of 27.32%.The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. Equities analysts forecast that Confluent will post -0.83 EPS for the current fiscal year.

Insider Activity

In other Confluent news, CRO Ban Ryan Norris Mac sold 15,200 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total transaction of $258,552.00. Following the transaction, the executive directly owned 397,345 shares of the company’s stock, valued at $6,758,838.45. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Rohan Sivaram sold 26,097 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total transaction of $443,909.97. Following the transaction, the chief financial officer directly owned 636,596 shares in the company, valued at $10,828,497.96. The trade was a 3.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders 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

Several hedge funds have recently bought and sold shares of CFLT. GAMMA Investing LLC increased its position in Confluent by 26.8% during the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock worth $73,000 after buying an additional 661 shares during the last quarter. Amalgamated Bank boosted its holdings in Confluent by 3.4% during the first quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock valued at $398,000 after acquiring an additional 566 shares during the period. Peregrine Capital Management LLC boosted its holdings in Confluent by 3.5% during the first quarter. Peregrine Capital Management LLC now owns 321,037 shares of the company’s stock valued at $7,525,000 after acquiring an additional 10,725 shares during the period. Krane Funds Advisors LLC bought a new stake in Confluent during the first quarter valued at about $252,000. Finally, Vishria Bird Financial Group LLC boosted its holdings in Confluent by 1,301.3% during the first quarter. Vishria Bird Financial Group LLC now owns 1,234,929 shares of the company’s stock valued at $28,947,000 after acquiring an additional 1,146,803 shares during the period. 78.09% of the stock is owned by institutional investors and hedge funds.

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.