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

Confluent (NASDAQ:CFLT) had its target price raised by Evercore ISI from $23.00 to $28.00 in a report published on Tuesday morning, Marketbeat.com reports. Evercore ISI currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Cowen downgraded shares of Confluent from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. Stephens lifted their target price on Confluent from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Confluent in a report on Wednesday, October 8th. Oppenheimer reduced their price objective on Confluent from $32.00 to $26.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Finally, Needham & Company LLC reduced their price objective on Confluent from $26.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.97.

Confluent Stock Down 0.5%

NASDAQ:CFLT opened at $23.52 on Tuesday. The firm has a market cap of $8.11 billion, a P/E ratio of -26.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.98 and a current ratio of 4.01. Confluent has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The firm has a 50-day simple moving average of $20.74 and a two-hundred day simple moving average of $21.85.

Confluent (NASDAQ:CFLT) last released its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. Confluent’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business 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 predict that Confluent will post -0.83 earnings per share for the current fiscal year.

Insider Activity at Confluent

In related news, CFO Rohan Sivaram sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. Following the completion of the sale, the chief financial officer directly owned 631,596 shares in the company, valued at approximately $12,631,920. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eric Vishria sold 30,953 shares of the business’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 transaction of $619,060.00. Following the sale, the director owned 1,123,447 shares of the company’s stock, valued at $22,468,940. This trade represents a 2.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 741,584 shares of company stock valued at $13,597,695 in the last three months. Corporate insiders own 9.20% of the company’s stock.

Institutional Investors Weigh In On Confluent

Hedge funds have recently modified their holdings of the business. Amalgamated Bank boosted its position in shares of Confluent by 3.4% during 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 last quarter. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 661 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Confluent by 21.7% during 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 during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Confluent by 8.7% during 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 during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Confluent by 4.4% during the 1st 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 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.