DA Davidson Predicts Confluent’s Q1 Earnings (NASDAQ:CFLT)

Confluent, Inc. (NASDAQ:CFLT) – Research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Confluent in a report issued on Wednesday, February 12th. DA Davidson analyst R. Kessinger anticipates that the company will post earnings per share of ($0.23) for the quarter. The consensus estimate for Confluent’s current full-year earnings is ($0.90) per share.

Several other equities analysts have also weighed in on the stock. Sanford C. Bernstein dropped their price objective on shares of Confluent from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Bank of America increased their price target on shares of Confluent from $26.00 to $31.00 and gave the company an “underperform” rating in a report on Wednesday. TD Cowen boosted their price objective on Confluent from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Scotiabank increased their target price on Confluent from $27.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Canaccord Genuity Group lifted their price target on Confluent from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Confluent Trading Up 25.1 %

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

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

Insider Buying and Selling

In related news, CAO Kong Phan sold 2,096 shares of the company’s 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 $59,170.08. Following the completion of the transaction, the chief accounting officer now directly owns 190,680 shares in the company, valued at $5,382,896.40. This represents a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Stephanie Buscemi sold 5,271 shares of the firm’s 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 $148,800.33. Following the completion of the sale, the chief marketing officer now owns 144,373 shares in the company, valued at $4,075,649.79. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,508,636 shares of company stock worth $47,198,798 in the last ninety days. 13.82% of the stock is owned by insiders.

Institutional Investors Weigh In On Confluent

A number of hedge funds and other institutional investors have recently bought and sold shares of CFLT. Champlain Investment Partners LLC boosted its stake in shares of 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 bought a new position in Confluent in the 4th quarter valued at approximately $81,092,000. Pictet Asset Management Holding SA raised its holdings in Confluent by 7,342.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,351,516 shares of the company’s stock valued at $65,748,000 after buying an additional 2,319,919 shares during the last quarter. Fiera Capital Corp acquired a new stake in Confluent during the 3rd quarter worth approximately $21,127,000. Finally, MIG Capital LLC bought a new stake in Confluent during the 4th quarter worth approximately $27,007,000. Institutional investors own 78.09% 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.