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 analysts’ consensus estimates of $0.05 by ($0.28), Zacks reports. Confluent had a negative net margin of 38.35% and a negative return on equity of 34.05%. 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 Performance

NASDAQ CFLT traded down $1.36 during trading hours on Tuesday, hitting $30.10. 10,607,082 shares of the stock were exchanged, compared to its average volume of 4,296,510. Confluent has a 12-month low of $17.79 and a 12-month high of $35.07. 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 company has a market cap of $9.87 billion, a price-to-earnings ratio of -27.12 and a beta of 0.92. The stock has a 50-day moving average of $29.52 and a 200 day moving average of $25.25.

Insider Activity

In other Confluent news, Director Matthew Craig Miller sold 1,084,259 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $28.90, for a total value of $31,335,085.10. Following the completion of the sale, the director now directly owns 12,559 shares of the company’s stock, valued at $362,955.10. The trade was a 98.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Stephanie Buscemi sold 5,271 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $28.23, for a total transaction of $148,800.33. Following the sale, the chief marketing officer now directly owns 144,373 shares of the company’s stock, valued at approximately $4,075,649.79. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,825,395 shares of company stock worth $85,343,808 over the last ninety days. 13.82% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CFLT has been the subject of several analyst reports. Citigroup boosted their target price on Confluent from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Sanford C. Bernstein decreased their price objective on Confluent from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Confluent in a research note on Tuesday, October 29th. Scotiabank upped their price objective on Confluent from $25.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley restated an “equal weight” rating and issued a $30.00 price target (down previously from $33.00) on shares of Confluent in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.30.

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.