Analysts Set Confluent, Inc. (NASDAQ:CFLT) Target Price at $27.36

Shares of Confluent, Inc. (NASDAQ:CFLT) have been given an average recommendation of “Moderate Buy” by the thirty-two brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, nineteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $27.3571.

A number of research analysts recently weighed in on CFLT shares. Stifel Nicolaus restated a “hold” rating and set a $21.00 target price (down previously from $30.00) on shares of Confluent in a research note on Thursday, July 31st. UBS Group decreased their price target on shares of Confluent from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Wells Fargo & Company decreased their price target on shares of Confluent from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. DA Davidson decreased their price target on shares of Confluent from $32.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada decreased their price target on shares of Confluent from $28.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st.

Confluent Stock Up 4.3%

CFLT opened at $19.34 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98. Confluent has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The firm’s fifty day moving average is $21.46 and its 200 day moving average is $23.24. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of -20.57 and a beta of 0.97.

Confluent (NASDAQ:CFLT) last released its earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The company had revenue of $282.29 million for the quarter, compared to analysts’ expectations of $278.32 million. During the same quarter in the previous year, the company earned $0.06 EPS. Confluent’s revenue for the quarter was up 20.1% on a year-over-year basis. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. On average, sell-side analysts forecast that Confluent will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Confluent news, Director Eric Vishria sold 30,953 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $20.00, for a total value of $619,060.00. Following the sale, the director owned 1,123,447 shares in the company, valued at $22,468,940. The trade was a 2.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kong Phan sold 2,664 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total transaction of $45,314.64. Following the sale, the chief accounting officer owned 237,078 shares in the company, valued at $4,032,696.78. This represents a 1.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 352,785 shares of company stock worth $6,185,488. 9.20% of the stock is owned by corporate insiders.

Institutional Trading of Confluent

Several hedge funds have recently made changes to their positions in CFLT. Dimensional Fund Advisors LP raised its position in shares of Confluent by 40.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 208,043 shares of the company’s stock valued at $5,819,000 after buying an additional 60,346 shares in the last quarter. Stifel Financial Corp raised its position in shares of Confluent by 2.7% during the 4th quarter. Stifel Financial Corp now owns 42,475 shares of the company’s stock valued at $1,188,000 after buying an additional 1,136 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Confluent by 19.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 127,306 shares of the company’s stock valued at $3,559,000 after buying an additional 21,010 shares in the last quarter. Northern Trust Corp raised its position in shares of Confluent by 25.9% during the 4th quarter. Northern Trust Corp now owns 1,383,028 shares of the company’s stock valued at $38,669,000 after buying an additional 284,307 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Confluent by 756.2% during the 4th quarter. AQR Capital Management LLC now owns 325,539 shares of the company’s stock valued at $9,102,000 after buying an additional 287,519 shares in the last quarter. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

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.