Research Analysts’ Recent Ratings Updates for Confluent (CFLT)

Confluent (NASDAQ: CFLT) recently received a number of ratings updates from brokerages and research firms:

• 5/1/2025 – Confluent had its price target lowered by analysts at Wells Fargo & Company from $32.00 to $30.00. They now have an “overweight” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Barclays PLC from $29.00 to $27.00. They now have an “overweight” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Piper Sandler from $40.00 to $32.00. They now have an “overweight” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Oppenheimer Holdings Inc. from $35.00 to $32.00. They now have an “outperform” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Evercore ISI from $29.00 to $28.00. They now have an “outperform” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Robert W. Baird from $37.00 to $24.00. They now have a “neutral” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at JMP Securities from $40.00 to $36.00. They now have a “market outperform” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at DA Davidson from $42.00 to $28.00. They now have a “buy” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Canaccord Genuity Group Inc. from $38.00 to $32.00. They now have a “buy” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Stifel Nicolaus from $40.00 to $30.00. They now have a “buy” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at TD Securities from $34.00 to $32.00. They now have a “buy” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Truist Financial Co. from $35.00 to $30.00. They now have a “buy” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Guggenheim from $38.00 to $31.00. They now have a “buy” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at UBS Group AG from $38.00 to $30.00. They now have a “buy” rating on the stock.
• 5/1/2025 – Confluent had its price target lowered by analysts at Needham & Company LLC from $40.00 to $26.00. They now have a “buy” rating on the stock.
• 4/24/2025 – Confluent had its price target lowered by analysts at Scotiabank from $35.00 to $24.00. They now have a “sector perform” rating on the stock.
• 4/23/2025 – Confluent had its price target lowered by analysts at Loop Capital from $30.00 to $22.00. They now have a “hold” rating on the stock.
• 4/23/2025 – Confluent had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $38.00 price target on the stock.
• 4/22/2025 – Confluent had its price target lowered by analysts at Wells Fargo & Company from $42.00 to $32.00. They now have an “overweight” rating on the stock.
• 4/21/2025 – Confluent had its price target lowered by analysts at Barclays PLC from $37.00 to $29.00. They now have an “overweight” rating on the stock.
• 4/16/2025 – Confluent had its price target lowered by analysts at Morgan Stanley from $32.00 to $25.00. They now have an “equal weight” rating on the stock.
• 4/11/2025 – Confluent is now covered by analysts at Raymond James. They set an “outperform” rating and a $30.00 price target on the stock.
• 4/10/2025 – Confluent was upgraded by analysts at Raymond James to a “moderate buy” rating.
• 3/31/2025 – Confluent had its price target lowered by analysts at Truist Financial Co. from $40.00 to $35.00. They now have a “buy” rating on the stock.
• 3/17/2025 – Confluent had its “outperform” rating reaffirmed by analysts at William Blair.
• 3/10/2025 – Confluent had its price target lowered by analysts at Loop Capital from $34.00 to $30.00. They now have a “hold” rating on the stock.
• 3/7/2025 – Confluent had its “outperform” rating reaffirmed by analysts at William Blair.
• 3/7/2025 – Confluent had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $40.00 price target on the stock.

Confluent Price Performance

NASDAQ:CFLT opened at $19.82 on Monday. The stock has a market cap of $6.62 billion, a PE ratio of -18.35 and a beta of 1.03. The company has a quick ratio of 4.24, a current ratio of 3.99 and a debt-to-equity ratio of 1.14. The business’s 50-day simple moving average is $24.45 and its two-hundred day simple moving average is $27.45. Confluent, Inc. has a 52 week low of $17.79 and a 52 week high of $37.90.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $271.12 million during the quarter, compared to the consensus estimate of $264.45 million. Confluent had a negative return on equity of 34.70% and a negative net margin of 35.81%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. As a group, analysts forecast that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling

In other Confluent news, insider Erica Schultz sold 150,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $35.82, for a total value of $5,373,000.00. Following the completion of the sale, the insider now owns 678,016 shares of the company’s stock, valued at approximately $24,286,533.12. This trade represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $32.33, for a total transaction of $7,516,725.00. Following the completion of the transaction, the chief executive officer now directly owns 452,488 shares of the company’s stock, valued at $14,628,937.04. The trade was a 33.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,200,746 shares of company stock valued at $38,505,150 in the last ninety days. 13.82% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in Confluent in the 1st quarter worth $26,000. Credit Industriel ET Commercial purchased a new stake in Confluent in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc raised its position in Confluent by 2,458.2% during the 1st quarter. Versant Capital Management Inc now owns 1,714 shares of the company’s stock worth $40,000 after buying an additional 1,647 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Confluent by 354.0% in the fourth quarter. Blue Trust Inc. now owns 2,061 shares of the company’s stock worth $58,000 after acquiring an additional 1,607 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Confluent during the fourth quarter worth $59,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

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.