Confluent (NASDAQ:CFLT) Price Target Raised to $26.00

Confluent (NASDAQ:CFLT) had its price target raised by Robert W. Baird from $20.00 to $26.00 in a research note released on Tuesday morning, Marketbeat.com reports. They currently have a neutral rating on the stock.

A number of other analysts also recently issued reports on CFLT. Oppenheimer lowered their target price on Confluent from $32.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Wells Fargo & Company assumed coverage on Confluent in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $24.00 target price on the stock. Barclays lifted their target price on Confluent from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday. Royal Bank Of Canada lowered their target price on Confluent from $28.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Confluent in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Confluent presently has a consensus rating of “Moderate Buy” and an average target price of $27.97.

Confluent Stock Performance

Shares of Confluent stock opened at $23.52 on Tuesday. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of -26.13 and a beta of 0.96. The stock’s 50-day moving average is $20.74 and its 200-day moving average is $21.85. 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 3.98.

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 business had revenue of $298.52 million for the quarter, compared to the consensus estimate of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.Confluent’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business 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 predict that Confluent will post -0.83 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Rohan Sivaram sold 26,097 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total value of $443,909.97. Following the transaction, the chief financial officer owned 636,596 shares of the company’s stock, valued at approximately $10,828,497.96. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Vishria sold 30,953 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $20.00, for a total value of $619,060.00. Following the completion of the transaction, the director directly owned 1,123,447 shares in the company, valued at $22,468,940. The trade was a 2.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 741,584 shares of company stock valued at $13,597,695. 9.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Confluent

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank grew its position in shares of Confluent by 3.4% in the first quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock valued at $398,000 after purchasing an additional 566 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Confluent by 26.8% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock valued at $73,000 after purchasing an additional 661 shares during the last quarter. AlphaQuest LLC grew its position in shares of Confluent by 21.7% in the second quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock valued at $116,000 after purchasing an additional 826 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Confluent by 8.7% in the third quarter. Perigon Wealth Management LLC now owns 10,775 shares of the company’s stock valued at $213,000 after purchasing an additional 866 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Confluent by 4.4% in the first quarter. M&T Bank Corp now owns 22,496 shares of the company’s stock valued at $527,000 after purchasing an additional 956 shares during the last quarter. Institutional investors and hedge funds own 78.09% 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.