NASDAQ:CFLT Confluent (CFLT) Stock Price, News & Analysis → Gold Set to EXPLODE! (From Gold Safe Exchange) (Ad) Free CFLT Stock Alerts $31.03 -0.35 (-1.12%) (As of 05:37 PM ET) Add Compare Share Share Today's Range$30.63▼$31.8650-Day Range$26.89▼$34.5352-Week Range$14.69▼$41.22Volume5.09 million shsAverage Volume4.86 million shsMarket Capitalization$9.70 billionP/E RatioN/ADividend YieldN/APrice Target$32.77 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Confluent alerts: Email Address Confluent MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.69 Rating ScoreUpside/Downside6.0% Upside$32.88 Price TargetShort InterestBearish9.28% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.68Based on 48 Articles This WeekInsider TradingSelling Shares$46.44 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.92) to ($0.86) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.66 out of 5 starsBusiness Services Sector235th out of 310 stocksPrepackaged Software Industry168th out of 202 stocks 2.3 Analyst's Opinion Consensus RatingConfluent has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 19 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageConfluent has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Confluent's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted9.28% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Confluent has recently increased by 0.20%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldConfluent does not currently pay a dividend.Dividend GrowthConfluent does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CFLT. Previous Next 3.2 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.36 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 48 news articles for Confluent this week, compared to 7 articles on an average week.Search InterestOnly 14 people have searched for CFLT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows11 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is an increase of 22% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Confluent insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $46,438,029.00 in company stock.Percentage Held by Insiders13.82% of the stock of Confluent is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions78.09% of the stock of Confluent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Confluent's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Confluent are expected to grow in the coming year, from ($0.92) to ($0.86) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Confluent is -21.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Confluent is -21.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioConfluent has a P/B Ratio of 11.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Confluent's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlace1970’s computer coder Issues Shocking AI WarningLouis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.Click here to watch his new video ASAP About Confluent Stock (NASDAQ:CFLT)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. It offers connectors for existing applications, and IT and cloud infrastructure; Apache Flink services that allows teams to create reusable data streams that can be delivered real-time; ksqlDB, a data-in-motion database that allows users to build data-in-motion applications using a few SQL statements; stream governance, a managed data governance suite that is designed for the intricacies of streaming data, which allows teams to accelerate data streaming initiatives without bypassing controls for risk management and regulatory compliance; and stream designer which builds streaming data pipelines visually. In addition, the company offers professional services comprising packaged and residency offerings; education offerings consisting of instructor-led and self-paced training and certification guidance, technical resources, and access to hands-on training and certification exams; and certification programs. It serves banking and financial services industries, as well as retail and e-commerce, manufacturing, automotive, communication service providers, gaming, public sector, insurance, and technology industries. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.Read More CFLT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CFLT Stock News HeadlinesMay 9, 2024 | finance.yahoo.comConfluent, Inc. (NASDAQ:CFLT) Q1 2024 Earnings Call TranscriptMay 9, 2024 | markets.businessinsider.comDecoding 16 Analyst Evaluations For ConfluentMay 9, 2024 | Gold Safe Exchange (Ad)Gold Set to EXPLODE!Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.May 9, 2024 | finance.yahoo.comConfluent First Quarter 2024 Earnings: Revenues Beat Expectations, EPS LagsMay 9, 2024 | americanbankingnews.comReviewing Confluent (NASDAQ:CFLT) and Smith Micro Software (NASDAQ:SMSI)May 9, 2024 | americanbankingnews.comConfluent (NASDAQ:CFLT) Shares Gap Up Following Analyst UpgradeMay 9, 2024 | americanbankingnews.comStock Traders Purchase High Volume of Call Options on Confluent (NASDAQ:CFLT)May 9, 2024 | markets.businessinsider.comConfluent: Strong Performance and Promising Outlook Affirm Buy RatingMay 9, 2024 | Gold Safe Exchange (Ad)Gold Set to EXPLODE!Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.May 8, 2024 | fool.comConfluent's First-Quarter Results Show Progress Toward ProfitabilityMay 8, 2024 | uk.finance.yahoo.comConfluent (NASDAQ:CFLT) Surprises With Q1 Sales, Stock SoarsMay 8, 2024 | nasdaq.comCanaccord Genuity Upgrades Confluent (CFLT)May 8, 2024 | markets.businessinsider.comLoop Capital Markets Keeps Their Hold Rating on Confluent (CFLT)May 8, 2024 | markets.businessinsider.comScotiabank Keeps Their Hold Rating on Confluent (CFLT)May 8, 2024 | fool.comWhy Confluent Stock Is Soaring TodayMay 8, 2024 | finance.yahoo.comConfluent Inc (CFLT) Q1 2024 Earnings Call Transcript Highlights: Robust Revenue Growth and ...May 7, 2024 | msn.comCFLT Stock Earnings: Confluent Beats EPS, Beats Revenue for Q1 2024May 7, 2024 | finance.yahoo.comConfluent Inc (CFLT) Q1 2024 Earnings: Surpasses Revenue Estimates with Strong Subscription GrowthMay 7, 2024 | fool.comConfluent (CFLT) Q1 2024 Earnings Call TranscriptMay 7, 2024 | seekingalpha.comConfluent, Inc. 2024 Q1 - Results - Earnings Call PresentationMay 7, 2024 | msn.comConfluent Non-GAAP EPS of $0.05 beats by $0.03, revenue of $217.2M beats by $5.36MMay 7, 2024 | finance.yahoo.comConfluent: Q1 Earnings SnapshotMay 7, 2024 | businesswire.comConfluent Announces First Quarter 2024 Financial ResultsMay 6, 2024 | finance.yahoo.comEarnings To Watch: Confluent (CFLT) Reports Q1 Results TomorrowMay 5, 2024 | fool.comGot $500? These Hot Growth Stocks Are Screaming Buys Right NowMay 2, 2024 | businesswire.comConfluent Unveils New Capabilities to Apache Flink Offering to Simplify AI and Bring Stream Processing to Workloads EverywhereApril 30, 2024 | finance.yahoo.comInstitutional investors control 65% of Confluent, Inc. (NASDAQ:CFLT) and were rewarded last week after stock increased 5.5%See More Headlines Receive CFLT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Confluent and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings1/30/2023Today5/09/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:CFLT CUSIPN/A CIK1699838 Webwww.confluent.io Phone800-439-3207FaxN/AEmployees2,744Year FoundedN/APrice Target and Rating Average Stock Price Target$32.88 High Stock Price Target$40.00 Low Stock Price Target$21.00 Potential Upside/Downside+5.6%Consensus RatingModerate Buy Rating Score (0-4)2.69 Research Coverage26 Analysts Profitability EPS (Most Recent Fiscal Year)($1.47) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-442,750,000.00 Net Margins-56.99% Pretax Margin-52.34% Return on Equity-44.16% Return on Assets-14.52% Debt Debt-to-Equity Ratio1.34 Current Ratio4.62 Quick Ratio4.62 Sales & Book Value Annual Sales$776.95 million Price / Sales12.49 Cash FlowN/A Price / Cash FlowN/A Book Value$2.60 per share Price / Book11.93Miscellaneous Outstanding Shares312,620,000Free Float269,418,000Market Cap$9.70 billion OptionableOptionable Beta0.93 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Edward Kreps (Age 43)Co-Founder, Chairman & CEO Comp: $380kKey CompetitorsF5NASDAQ:FFIVProcore TechnologiesNYSE:PCORSPS CommerceNASDAQ:SPSCDuolingoNASDAQ:DUOLToastNYSE:TOSTView All CompetitorsInsiders & InstitutionsMitsubishi UFJ Asset Management Co. Ltd.Bought 26,100 shares on 5/9/2024Ownership: 0.050%State Board of Administration of Florida Retirement SystemSold 19,220 shares on 5/9/2024Ownership: 0.025%Blair William & Co. ILBought 3,501 shares on 5/9/2024Ownership: 0.006%Russell Investments Group Ltd.Bought 1,707 shares on 5/8/2024Ownership: 0.083%ProShare Advisors LLCBought 1,922 shares on 5/8/2024Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions CFLT Stock Analysis - Frequently Asked Questions Should I buy or sell Confluent stock right now? 26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CFLT shares. View CFLT analyst ratings or view top-rated stocks. What is Confluent's stock price target for 2024? 26 Wall Street research analysts have issued 12 month target prices for Confluent's stock. Their CFLT share price targets range from $21.00 to $40.00. On average, they expect the company's stock price to reach $32.88 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price. View analysts price targets for CFLT or view top-rated stocks among Wall Street analysts. How have CFLT shares performed in 2024? Confluent's stock was trading at $23.40 at the beginning of 2024. Since then, CFLT stock has increased by 32.6% and is now trading at $31.03. View the best growth stocks for 2024 here. When is Confluent's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our CFLT earnings forecast. How were Confluent's earnings last quarter? Confluent, Inc. (NASDAQ:CFLT) released its quarterly earnings results on Monday, January, 30th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.06. The company had revenue of $168.70 million for the quarter, compared to analyst estimates of $162.53 million. Confluent had a negative trailing twelve-month return on equity of 44.16% and a negative net margin of 56.99%. The firm's revenue was up 40.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.43) earnings per share. What ETFs hold Confluent's stock? ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Spear Alpha ETF (SPRX), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), BlackRock Future Innovators ETF (BFTR), Jacob Forward ETF (JFWD), Fidelity Disruptive Technology ETF (FDTX), Renaissance IPO ETF (IPO) and Amplify Global Cloud Technology ETF (IVES). What guidance has Confluent issued on next quarter's earnings? Confluent issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of 0.040-0.050 for the period, compared to the consensus EPS estimate of 0.040. The company issued revenue guidance of $229.0 million-$230.0 million, compared to the consensus revenue estimate of $229.3 million. When did Confluent IPO? Confluent (CFLT) raised $713 million in an IPO on Thursday, June 24th 2021. The company issued 23,000,000 shares at a price of $29.00-$33.00 per share. Morgan Stanley, J.P. Morgan, Goldman Sachs, BofA Securities and Citigroup acted as the underwriters for the IPO and Barclays, Credit Suisse, Deutsche Bank Securities, UBS Securities, Wells Fargo Securities, Cowen, D.A. Davidson, JMP Securities, KeyBanc Capital Markets and Piper Sandler were co-managers. Who are Confluent's major shareholders? Confluent's stock is owned by a variety of institutional and retail investors. Top institutional investors include Swiss National Bank (0.18%), Baillie Gifford & Co. (0.14%), Source Financial Advisors LLC (0.12%), Sumitomo Mitsui Trust Holdings Inc. (0.12%), AlpInvest Partners B.V. (0.10%) and Peregrine Capital Management LLC (0.09%). Insiders that own company stock include An-Yen Hu, Brad Gerstner, Chad Verbowski, Chetan Puttagunta, Edward Jay Kreps, Erica Schultz, Jonathan Chadwick, Lara Caimi, Michelangelo Volpi, Neha Narkhede, Peter H Fenton, Rohan Sivaram, Steffan Tomlinson, Stephanie Buscemi, Steven M Spurlock, Ventures Vii (Jersey) L Index and Ying Christina Liu. View institutional ownership trends. How do I buy shares of Confluent? Shares of CFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CFLT) was last updated on 5/9/2024 by MarketBeat.com Staff From Our Partners1970’s computer coder Issues Shocking AI WarningInvestorPlaceThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsDems have chosen Biden replacement?Paradigm PressThe A.I. story nobody is telling you (Read ASAP)TradeSmithGold Set to EXPLODE!Gold Safe ExchangeThe Crypto 9-5 Escape PlanCrypto 101 MediaThe “Next Bitcoin”? 10 CENT Crypto Set to ExplodeTrue Market Insiders Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Confluent, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
