FY2025 Earnings Forecast for Confluent Issued By DA Davidson

Confluent, Inc. (NASDAQ:CFLT) – Equities researchers at DA Davidson lowered their FY2025 earnings per share estimates for shares of Confluent in a research report issued on Tuesday, October 28th. DA Davidson analyst R. Kessinger now forecasts that the company will earn ($0.65) per share for the year, down from their prior estimate of ($0.64). DA Davidson currently has a “Buy” rating and a $29.00 target price on the stock. The consensus estimate for Confluent’s current full-year earnings is ($0.83) per share.

CFLT has been the subject of a number of other research reports. FBN Securities reaffirmed an “outperform” rating and set a $28.00 price objective on shares of Confluent in a research report on Tuesday. TD Cowen restated a “hold” rating and set a $24.00 price target on shares of Confluent in a research note on Thursday, July 31st. Needham & Company LLC dropped their price objective on Confluent from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Truist Financial boosted their price objective on Confluent from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays increased their target price on Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.97.

Confluent Price Performance

Shares of CFLT opened at $23.52 on Thursday. The firm has a 50-day simple moving average of $20.74 and a two-hundred day simple moving average of $21.85. The stock has a market cap of $8.11 billion, a PE ratio of -26.13 and a beta of 0.96. Confluent has a 1-year low of $15.64 and a 1-year high of $37.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 3.98.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The firm had revenue of $298.52 million for the quarter, compared to analyst estimates of $292.69 million. During the same period in the previous year, the firm earned $0.10 EPS. Confluent’s revenue was up 19.3% on a year-over-year basis. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CFLT. NorthCrest Asset Manangement LLC purchased a new stake in shares of Confluent in the 3rd quarter valued at approximately $211,000. Inspire Advisors LLC purchased a new stake in shares of Confluent during the 3rd quarter worth $2,106,000. Amalgamated Bank lifted its position in shares of Confluent by 9.9% during the 3rd quarter. Amalgamated Bank now owns 21,894 shares of the company’s stock worth $434,000 after purchasing an additional 1,981 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Confluent during the third quarter worth $135,000. Finally, BCS Private Wealth Management Inc. increased its holdings in Confluent by 69.8% in the third quarter. BCS Private Wealth Management Inc. now owns 26,495 shares of the company’s stock valued at $525,000 after buying an additional 10,895 shares during the last quarter. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Insider Activity

In other Confluent news, CEO Edward Jay Kreps sold 232,500 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $17.18, for a total transaction of $3,994,350.00. Following the sale, the chief executive officer owned 452,488 shares in the company, valued at $7,773,743.84. This represents a 33.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Ban Ryan Norris Mac sold 15,200 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total value of $258,552.00. Following the completion of the sale, the executive directly owned 397,345 shares in the company, valued at $6,758,838.45. This represents a 3.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 741,584 shares of company stock worth $13,597,695 over the last three months. Company insiders own 9.20% 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.