Confluent (CFLT) – Research Analysts’ Weekly Ratings Updates

Confluent (NASDAQ: CFLT) recently received a number of ratings updates from brokerages and research firms:

• 2/26/2025 – Confluent was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $38.00 price target on the stock, up previously from $34.00.
• 2/12/2025 – Confluent had its price target raised by analysts at Bank of America Co. from $26.00 to $31.00. They now have an “underperform” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Scotiabank from $27.00 to $35.00. They now have a “sector perform” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Wells Fargo & Company from $40.00 to $42.00. They now have an “overweight” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Piper Sandler from $35.00 to $40.00. They now have an “overweight” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Barclays PLC from $35.00 to $37.00. They now have an “overweight” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Royal Bank of Canada from $36.00 to $41.00. They now have an “outperform” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Evercore ISI from $32.00 to $40.00. They now have an “outperform” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at UBS Group AG from $26.00 to $34.00. They now have a “neutral” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Morgan Stanley from $30.00 to $32.00. They now have an “equal weight” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Truist Financial Co. from $35.00 to $40.00. They now have a “buy” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Guggenheim from $35.00 to $38.00. They now have a “buy” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Stifel Nicolaus from $37.00 to $40.00. They now have a “buy” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Canaccord Genuity Group Inc. from $34.00 to $38.00. They now have a “buy” rating on the stock.
• 2/12/2025 – Confluent had its price target raised by analysts at Needham & Company LLC from $31.00 to $40.00. They now have a “buy” rating on the stock.
• 1/31/2025 – Confluent had its price target raised by analysts at Guggenheim from $32.00 to $35.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Confluent had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $30.00 price target on the stock, down previously from $33.00.
• 1/6/2025 – Confluent had its price target raised by analysts at Piper Sandler from $32.00 to $35.00. They now have an “overweight” rating on the stock.

Confluent Trading Up 0.2 %

Confluent stock opened at $29.82 on Wednesday. Confluent, Inc. has a 1 year low of $17.79 and a 1 year high of $37.90. The firm’s 50 day moving average price is $29.96 and its 200-day moving average price is $26.51. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.99 and a quick ratio of 4.24. The stock has a market cap of $9.96 billion, a P/E ratio of -27.61 and a beta of 0.92.

Confluent (NASDAQ:CFLT) last released its 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 return on equity of 34.70% and a negative net margin of 35.81%. On average, equities analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Transactions at Confluent

In other news, CFO Rohan Sivaram sold 68,350 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $36.23, for a total value of $2,476,320.50. Following the transaction, the chief financial officer now owns 520,273 shares of the company’s stock, valued at approximately $18,849,490.79. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Craig Miller sold 53,512 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $33.64, for a total transaction of $1,800,143.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,366,136 shares of company stock valued at $44,913,437. 13.82% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Confluent

A number of hedge funds have recently bought and sold shares of CFLT. Champlain Investment Partners LLC raised its stake in Confluent by 72.2% during the third quarter. Champlain Investment Partners LLC now owns 10,700,846 shares of the company’s stock valued at $218,083,000 after purchasing an additional 4,486,841 shares in the last quarter. Norges Bank purchased a new stake in Confluent during the fourth quarter valued at $81,092,000. Pictet Asset Management Holding SA raised its stake in Confluent by 7,342.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,351,516 shares of the company’s stock valued at $65,748,000 after purchasing an additional 2,319,919 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Confluent during the fourth quarter valued at $64,658,000. Finally, Fiera Capital Corp purchased a new stake in Confluent during the third quarter valued at $21,127,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

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.