Confluent (NASDAQ:CFLT) Posts Earnings Results

Confluent (NASDAQ:CFLT) released its quarterly 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 Down 4.3 %

Shares of CFLT opened at $30.10 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.24 and a quick ratio of 4.24. Confluent has a 1 year low of $17.79 and a 1 year high of $35.07. The stock has a 50 day simple moving average of $29.49 and a 200-day simple moving average of $25.28.

Analyst Ratings Changes

CFLT has been the topic of several analyst reports. Guggenheim increased their price target on Confluent from $32.00 to $35.00 and gave the company a “buy” rating in a report on Friday, January 31st. Mizuho raised their target price on shares of Confluent from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. UBS Group boosted their target price on shares of Confluent from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Canaccord Genuity Group upped their price target on shares of Confluent from $34.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on Confluent from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Confluent presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.15.

Insider Activity at Confluent

In related news, insider Erica Schultz sold 63,729 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $27.40, for a total transaction of $1,746,174.60. Following the sale, the insider now directly owns 687,483 shares in the company, valued at $18,837,034.20. This represents a 8.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Chad Verbowski sold 13,414 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $28.23, for a total value of $378,677.22. Following the sale, the chief technology officer now directly owns 483,393 shares of the company’s stock, valued at $13,646,184.39. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,508,636 shares of company stock valued at $47,198,798 in the last 90 days. 13.82% of the stock is owned by corporate 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.