Confluent (NASDAQ:CFLT) Updates FY 2025 Earnings Guidance

Confluent (NASDAQ:CFLT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.350-0.350 for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of -. Confluent also updated its Q1 2025 guidance to 0.060-0.070 EPS.

Confluent Stock Performance

CFLT stock traded down $1.36 on Tuesday, hitting $30.10. The company’s stock had a trading volume of 10,110,760 shares, compared to its average volume of 4,235,433. Confluent has a 1 year low of $17.79 and a 1 year high of $35.07. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of -27.12 and a beta of 0.92. The firm has a 50 day moving average of $29.52 and a two-hundred day moving average of $25.25. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.28). Confluent had a negative return on equity of 34.05% and a negative net margin of 38.35%. Equities analysts predict that Confluent will post -0.9 EPS for the current fiscal year.

Analyst Ratings Changes

CFLT has been the topic of several recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of Confluent in a research note on Tuesday, October 29th. Scotiabank increased their price target on Confluent from $25.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of Confluent from $34.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Mizuho lifted their price objective on Confluent from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Confluent from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Confluent presently has a consensus rating of “Moderate Buy” and an average price target of $32.30.

Insiders Place Their Bets

In other Confluent news, CAO Kong Phan sold 2,096 shares of the business’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 of the company’s stock, valued at $5,382,896.40. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erica Schultz sold 63,729 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $27.40, for a total value of $1,746,174.60. Following the completion of the sale, the insider now owns 687,483 shares of the company’s stock, valued at approximately $18,837,034.20. This trade represents a 8.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,825,395 shares of company stock valued at $85,343,808 in the last three months. Insiders own 13.82% 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.