NASDAQ:CFLT Confluent (CFLT) Stock Price, News & Analysis → Tech GIANT’s Plans to Revolutionize Crypto… (From Crypto 101 Media) (Ad) Free CFLT Stock Alerts $31.80 +1.13 (+3.68%) (As of 03:27 PM ET) Add Compare Share Share Today's Range$31.09▼$31.9150-Day Range$26.89▼$33.7652-Week Range$14.69▼$41.22Volume2.73 million shsAverage Volume4.81 million shsMarket Capitalization$9.94 billionP/E RatioN/ADividend YieldN/APrice Target$32.88 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/Downside3.4% Upside$32.88 Price TargetShort InterestHealthy7.93% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.65Based on 56 Articles This WeekInsider TradingSelling Shares$28.57 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.2.36 out of 5 starsBusiness Services Sector197th out of 317 stocksPrepackaged Software Industry137th 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 4.0 Short Interest Percentage of Shares Shorted7.93% of the float of Confluent has been sold short.Short Interest Ratio / Days to CoverConfluent has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Confluent has recently decreased by 7.64%, indicating that investor sentiment is improving significantly. 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 3.1 News and Social Media Coverage News SentimentConfluent has a news sentiment score of 0.65. 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 news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 56 news articles for Confluent this week, compared to 8 articles on an average week.Search Interest15 people have searched for CFLT on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.MarketBeat Follows13 people have added Confluent to their MarketBeat watchlist in the last 30 days. This is an increase of 63% 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 $28,572,424.00 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 -25.44, 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 -25.44, 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 11.78. 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 Weiss RatingsHe cracked the code to crypto…Juan Villaverde has cracked the code to crypto.Click now for the best way into the newest AI projects 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 12 at 4:38 AM | insidertrades.comYing Christina Liu Sells 68,000 Shares of Confluent, Inc. (NASDAQ:CFLT) StockMay 11, 2024 | insidertrades.comInsider Selling: Confluent, Inc. (NASDAQ:CFLT) Director Sells 9,375 Shares of StockMay 13 at 4:03 PM | businesswire.comConfluent to Present at Upcoming Investor ConferencesMay 13 at 5:59 AM | americanbankingnews.comDA Davidson Comments on Confluent, Inc.'s FY2024 Earnings (NASDAQ:CFLT)May 13 at 3:57 AM | americanbankingnews.comConfluent (NASDAQ:CFLT) Price Target Increased to $30.00 by Analysts at The Goldman Sachs GroupMay 13 at 2:38 AM | fool.comGot $5,000? 3 Tech Stocks to Buy and Hold for the Long TermMay 12 at 8:00 AM | americanbankingnews.comLara Caimi Sells 9,375 Shares of Confluent, Inc. (NASDAQ:CFLT) StockMay 12 at 6:57 AM | fool.com1 Spectacular Growth Stock Down 67% to Buy Hand Over Fist, According to Wall StreetMay 12 at 6:40 AM | americanbankingnews.comConfluent (NASDAQ:CFLT) Earns "Buy" Rating from Needham & Company LLCMay 12 at 6:40 AM | americanbankingnews.comConfluent (NASDAQ:CFLT) Earns Buy Rating from Truist FinancialMay 12 at 5:16 AM | americanbankingnews.comConfluent (NASDAQ:CFLT) Upgraded by Canaccord Genuity Group to BuyMay 12 at 4:38 AM | americanbankingnews.comErica Schultz Sells 63,729 Shares of Confluent, Inc. (NASDAQ:CFLT) StockMay 12 at 4:00 AM | americanbankingnews.comComparing WalkMe (NASDAQ:WKME) and Confluent (NASDAQ:CFLT)May 11, 2024 | americanbankingnews.comConfluent (NASDAQ:CFLT) Price Target Raised to $37.00May 11, 2024 | americanbankingnews.comDA Davidson Weighs in on Confluent, Inc.'s Q2 2024 Earnings (NASDAQ:CFLT)May 10, 2024 | markets.businessinsider.comConfluent’s Strong Q1 Performance and Cloud Growth Merit Buy RatingMay 10, 2024 | americanbankingnews.comBarclays Increases Confluent (NASDAQ:CFLT) Price Target to $34.00May 10, 2024 | americanbankingnews.comConfluent (NASDAQ:CFLT) Stock Rating Upgraded by Canaccord Genuity GroupMay 10, 2024 | americanbankingnews.comRoyal Bank of Canada Increases Confluent (NASDAQ:CFLT) Price Target to $40.00May 10, 2024 | americanbankingnews.comConfluent (NASDAQ:CFLT) PT Raised to $40.00 at JMP SecuritiesMay 10, 2024 | americanbankingnews.comConfluent (NASDAQ:CFLT) PT Raised to $38.00 at Wells Fargo & CompanyMay 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 | 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)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 Earnings1/30/2023Today5/15/2024Next 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+5.1%Consensus RatingModerate Buy Rating Score (0-4)2.69 Research Coverage26 Analysts Profitability EPS (Most Recent Fiscal Year)($1.25) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-442,750,000.00 Net Margins-46.73% Pretax Margin-42.23% Return on Equity-40.55% Return on Assets-13.56% Debt Debt-to-Equity Ratio1.29 Current Ratio5.07 Quick Ratio5.07 Sales & Book Value Annual Sales$776.95 million Price / Sales12.59 Cash FlowN/A Price / Cash FlowN/A Book Value$2.70 per share Price / Book11.59Miscellaneous Outstanding Shares312,620,000Free Float269,418,000Market Cap$9.79 billion OptionableOptionable Beta0.93 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Edward Kreps (Age 43)Co-Founder, Chairman & CEO Comp: $380kKey CompetitorsProcore TechnologiesNYSE:PCORF5NASDAQ:FFIVQualtrics InternationalNASDAQ:XMElasticNYSE:ESTCUiPathNYSE:PATHView All CompetitorsInsiders & InstitutionsPrice T Rowe Associates Inc. MDBought 2,587,169 shares on 5/15/2024Ownership: 5.624%1832 Asset Management L.P.Bought 5,933,000 shares on 5/15/2024Ownership: 1.898%PEAK6 Investments LLCBought 158,900 shares on 5/15/2024Ownership: 0.000%Quadrature Capital LtdBought 50,136 shares on 5/15/2024Ownership: 0.016%Lazard Asset Management LLCBought 1,167 shares on 5/15/2024Ownership: 0.002%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 equities research analysts have issued 12 month target prices for Confluent's shares. Their CFLT share price targets range from $21.00 to $40.00. On average, they anticipate the company's stock price to reach $32.88 in the next twelve months. This suggests a possible upside of 3.4% 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 shares have increased by 35.9% and is now trading at $31.80. 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) issued its earnings results on Monday, January, 30th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.06. The company had revenue of $168.70 million for the quarter, compared to analysts' expectations of $162.53 million. Confluent had a negative trailing twelve-month return on equity of 40.55% and a negative net margin of 46.73%. The firm's revenue for the quarter was up 40.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. 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), Jacob Forward ETF (JFWD), BlackRock Future Innovators ETF (BFTR), 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 earnings per share guidance of 0.040-0.050 for the period, compared to the consensus earnings per share 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 initial public offering (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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.31%), Price T Rowe Associates Inc. MD (5.62%), 1832 Asset Management L.P. (1.90%), Capital Research Global Investors (1.76%), Champlain Investment Partners LLC (1.52%) and Twin Tree Management LP (0.00%). 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. 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