Confluent (NASDAQ:CFLT) Price Target Raised to $28.00

Confluent (NASDAQ:CFLT) had its target price raised by Piper Sandler from $27.00 to $28.00 in a research note released on Tuesday, MarketBeat reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on CFLT. Mizuho upped their price target on shares of Confluent from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James Financial lowered their price objective on Confluent from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. The Goldman Sachs Group boosted their price target on Confluent from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays lifted their target price on shares of Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Zacks Research upgraded Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.97.

Confluent Trading Down 0.5%

CFLT opened at $23.52 on Tuesday. The company has a quick ratio of 3.98, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. The stock’s fifty day moving average is $20.74 and its two-hundred day moving average is $21.85. The company has a market capitalization of $8.11 billion, a P/E ratio of -26.13 and a beta of 0.96. Confluent has a 52 week low of $15.64 and a 52 week high of $37.90.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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%.The business’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. Analysts forecast that Confluent will post -0.83 earnings per share for the current year.

Insider Transactions at Confluent

In related news, CAO Kong Phan sold 4,544 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $19.87, for a total transaction of $90,289.28. Following the sale, the chief accounting officer directly owned 232,534 shares of the company’s stock, valued at $4,620,450.58. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Neha Narkhede sold 153,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total value of $3,041,020.00. Following the completion of the transaction, the director directly owned 28,549 shares of the company’s stock, valued at $566,697.65. The trade was a 84.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 741,584 shares of company stock valued at $13,597,695. 9.20% of the stock is owned by insiders.

Institutional Trading of Confluent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFLT. Amalgamated Bank raised 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 worth $398,000 after acquiring an additional 566 shares during the period. GAMMA Investing LLC grew its position in shares of Confluent by 26.8% during the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock valued at $73,000 after acquiring an additional 661 shares during the period. AlphaQuest LLC increased its stake in shares of Confluent by 21.7% in the 2nd quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock valued at $116,000 after purchasing an additional 826 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of Confluent by 8.7% in the 3rd 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 in the last quarter. Finally, M&T Bank Corp raised its holdings in Confluent by 4.4% in the 1st quarter. M&T Bank Corp now owns 22,496 shares of the company’s stock worth $527,000 after purchasing an additional 956 shares during the period. Institutional investors and hedge funds own 78.09% of the company’s stock.

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.