Confluent (NASDAQ:CFLT) Stock Rating Lowered by Citizens Jmp

Confluent (NASDAQ:CFLT) was downgraded by investment analysts at Citizens Jmp from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, MarketBeat Ratings reports.

Several other analysts have also issued reports on the stock. Piper Sandler lowered shares of Confluent from an “overweight” rating to a “hold” rating and set a $31.00 price target for the company. in a research report on Monday, December 8th. Needham & Company LLC cut Confluent from a “buy” rating to a “hold” rating in a report on Monday, December 8th. FBN Securities restated an “outperform” rating and set a $28.00 price target on shares of Confluent in a research report on Tuesday, October 28th. Guggenheim downgraded Confluent from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, New Street Research set a $29.00 price objective on Confluent in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.71.

Confluent Stock Down 0.2%

Shares of NASDAQ CFLT opened at $30.36 on Friday. Confluent has a one year low of $15.64 and a one 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 4.01. The firm’s 50 day simple moving average is $26.38 and its two-hundred day simple moving average is $23.20. The stock has a market capitalization of $10.62 billion, a P/E ratio of -33.73 and a beta of 0.95.

Confluent (NASDAQ:CFLT) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping 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 25.40%. The firm 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 posted $0.10 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. As a group, analysts expect that Confluent will post -0.83 EPS for the current fiscal year.

Insider Activity at Confluent

In related news, Director Neha Narkhede sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $29.77, for a total transaction of $1,190,800.00. Following the completion of the transaction, the director owned 28,549 shares in the company, valued at $849,903.73. This represents a 58.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michelangelo Volpi sold 32,038 shares of Confluent stock in a transaction on Monday, December 8th. The shares were sold at an average price of $29.77, for a total transaction of $953,771.26. Following the completion of the sale, the director owned 235,041 shares in the company, valued at approximately $6,997,170.57. This trade represents a 12.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,455,620 shares of company stock valued at $40,630,407 over the last 90 days. Company insiders own 9.20% of the company’s stock.

Institutional Investors Weigh In On Confluent

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Confluent by 10.5% in the third quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company’s stock worth $620,675,000 after buying an additional 2,970,708 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Confluent by 6.7% during the 2nd quarter. Champlain Investment Partners LLC now owns 11,590,026 shares of the company’s stock worth $288,939,000 after acquiring an additional 727,943 shares during the period. William Blair Investment Management LLC raised its position in shares of 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 acquiring an additional 356,277 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Confluent by 1.7% in the 2nd quarter. Franklin Resources Inc. now owns 8,592,443 shares of the company’s stock valued at $214,210,000 after purchasing an additional 143,232 shares during the period. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Confluent during the third quarter valued at approximately $163,667,000. Institutional investors own 78.09% of the company’s stock.

Confluent Company Profile

Confluent, Inc (NASDAQ: CFLT) is a leading provider of an event streaming platform built on Apache Kafka. The company’s flagship offerings include Confluent Platform—a self-managed software solution—and Confluent Cloud, a fully managed service designed to simplify real-time data processing across hybrid and multi-cloud environments. These products enable enterprises to collect, process and distribute high volumes of data in real time, supporting use cases such as fraud detection, supply chain optimization and personalized customer experiences.

Founded in 2014 by Apache Kafka co-creators Jay Kreps, Neha Narkhede and Jun Rao, Confluent has driven the commercialization of Kafka technologies and extended the platform with tools for data integration, stream processing and enterprise-grade security.