FY2025 EPS Estimates for Confluent Increased by DA Davidson

Confluent, Inc. (NASDAQ:CFLT) – Stock analysts at DA Davidson lifted their FY2025 earnings estimates for Confluent in a research report issued to clients and investors on Wednesday, February 12th. DA Davidson analyst R. Kessinger now anticipates that the company will earn ($0.83) per share for the year, up from their prior estimate of ($0.85). The consensus estimate for Confluent’s current full-year earnings is ($0.90) per share.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.28). Confluent had a negative net margin of 38.35% and a negative return on equity of 34.05%.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Confluent from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Citigroup increased their price target on shares of Confluent from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Bank of America lifted their price objective on Confluent from $26.00 to $31.00 and gave the company an “underperform” rating in a report on Wednesday, February 12th. Needham & Company LLC increased their target price on Confluent from $31.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Canaccord Genuity Group boosted their price target on Confluent from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Confluent has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Confluent Stock Performance

Shares of NASDAQ CFLT opened at $34.94 on Monday. Confluent has a one year low of $17.79 and a one year high of $37.90. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 1.17. The business has a fifty day simple moving average of $29.79 and a 200 day simple moving average of $25.74. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of -31.48 and a beta of 0.92.

Hedge Funds Weigh In On Confluent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in shares of Confluent by 109.9% in the 3rd quarter. Creative Planning now owns 94,939 shares of the company’s stock valued at $1,935,000 after acquiring an additional 49,699 shares during the period. Lake Street Advisors Group LLC increased its stake in Confluent by 14.0% in the third quarter. Lake Street Advisors Group LLC now owns 18,481 shares of the company’s stock valued at $377,000 after purchasing an additional 2,263 shares in the last quarter. US Bancorp DE raised its holdings in Confluent by 307.7% in the third quarter. US Bancorp DE now owns 16,702 shares of the company’s stock worth $340,000 after purchasing an additional 12,605 shares during the period. Janney Capital Management LLC boosted its position in shares of Confluent by 52.2% during the third quarter. Janney Capital Management LLC now owns 19,946 shares of the company’s stock worth $406,000 after purchasing an additional 6,842 shares in the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of Confluent in the 3rd quarter valued at $21,127,000. Institutional investors own 78.09% of the company’s stock.

Insider Buying and Selling

In other Confluent news, CAO Kong Phan sold 3,947 shares of Confluent stock in a transaction on Friday, December 20th. The shares were sold at an average price of $28.74, for a total transaction of $113,436.78. Following the completion of the sale, the chief accounting officer now owns 179,939 shares of the company’s stock, valued at approximately $5,171,446.86. The trade was a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rohan Sivaram sold 68,350 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $36.23, for a total transaction of $2,476,320.50. Following the sale, the chief financial officer now owns 520,273 shares of the company’s stock, valued at $18,849,490.79. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,705,370 shares of company stock worth $55,156,762 over the last three months. 13.82% of the stock is currently owned by company insiders.

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.