Confluent (NASDAQ:CFLT) Posts Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Confluent (NASDAQ:CFLT) issued its earnings results on Tuesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.28), Zacks reports. Confluent had a negative return on equity of 34.05% and a negative net margin of 38.35%. Confluent updated its FY 2025 guidance to 0.350-0.350 EPS and its Q1 2025 guidance to 0.060-0.070 EPS.

Confluent Stock Performance

Shares of NASDAQ CFLT opened at $37.65 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 4.24 and a current ratio of 4.24. The company has a 50 day simple moving average of $29.58 and a 200-day simple moving average of $25.37. Confluent has a 1 year low of $17.79 and a 1 year high of $37.90.

Analyst Upgrades and Downgrades

Several research firms recently commented on CFLT. UBS Group lifted their price target on Confluent from $26.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays boosted their target price on Confluent from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada boosted their target price on Confluent from $36.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday. Bank of America boosted their price target on Confluent from $26.00 to $31.00 and gave the company an “underperform” rating in a report on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Confluent in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Confluent presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Insider Buying and Selling

In related news, insider Erica Schultz sold 9,467 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $28.23, for a total transaction of $267,253.41. Following the completion of the transaction, the insider now owns 678,016 shares of the company’s stock, valued at approximately $19,140,391.68. This trade represents a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew Craig Miller sold 541,850 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $30.32, for a total transaction of $16,428,892.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,508,636 shares of company stock valued at $47,198,798. Company insiders own 13.82% 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.