Q1 Earnings Estimate for Confluent Issued By DA Davidson

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

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus upped their target price on Confluent from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays boosted their price target on Confluent from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Confluent in a research report on Tuesday, October 29th. Scotiabank boosted their price target on Confluent from $27.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, TD Cowen boosted their price target on Confluent from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Confluent has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Confluent Price Performance

Shares of CFLT stock opened at $36.23 on Thursday. Confluent has a twelve month low of $17.79 and a twelve month high of $37.90. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of -32.64 and a beta of 0.92. The stock has a fifty day simple moving average of $29.64 and a two-hundred day simple moving average of $25.45. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 1.17.

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

Insider Activity

In other news, Director Matthew Craig Miller sold 541,850 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $30.32, for a total value of $16,428,892.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Kong Phan sold 2,096 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $28.23, for a total value of $59,170.08. Following the completion of the sale, the chief accounting officer now owns 190,680 shares in the company, valued at $5,382,896.40. The trade was a 1.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,508,636 shares of company stock valued at $47,198,798. Company insiders own 13.82% of the company’s stock.

Institutional Trading of Confluent

A number of hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its position in Confluent by 354.0% during the fourth quarter. Blue Trust Inc. now owns 2,061 shares of the company’s stock worth $58,000 after purchasing an additional 1,607 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Confluent during the fourth quarter worth approximately $59,000. GAMMA Investing LLC boosted its position in Confluent by 85.3% during the fourth quarter. GAMMA Investing LLC now owns 2,467 shares of the company’s stock worth $69,000 after purchasing an additional 1,136 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Confluent during the third quarter worth approximately $68,000. Finally, AlphaQuest LLC boosted its position in Confluent by 22,112.5% during the fourth quarter. AlphaQuest LLC now owns 3,554 shares of the company’s stock worth $99,000 after purchasing an additional 3,538 shares in the last quarter. Hedge funds and other institutional investors own 78.09% of the company’s stock.

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.