FY2025 Earnings Estimate for Confluent Issued By DA Davidson

Confluent, Inc. (NASDAQ:CFLT) – DA Davidson increased their FY2025 earnings estimates for shares of Confluent in a note issued to investors on Wednesday, February 12th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings per share of ($0.83) for the year, up from their previous estimate of ($0.85). The consensus estimate for Confluent’s current full-year earnings is ($0.90) per share.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.23) earnings per share (EPS) 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%.

CFLT has been the subject of a number of other reports. Mizuho increased 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. Scotiabank lifted their price objective on shares of Confluent from $27.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, February 12th. Guggenheim increased their target price on shares of Confluent from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Piper Sandler lifted their price target on shares of Confluent from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, JMP Securities restated a “market outperform” rating and set a $40.00 price objective on shares of Confluent in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Confluent Stock Performance

CFLT opened at $34.94 on Monday. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of -31.48 and a beta of 0.92. The business’s 50-day moving average price is $29.79 and its two-hundred day moving average price is $25.74. Confluent has a 1 year low of $17.79 and a 1 year high of $37.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.24 and a quick ratio of 4.24.

Insider Buying and Selling at Confluent

In other news, CAO Kong Phan sold 12,460 shares of Confluent stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.30, for a total transaction of $389,998.00. Following the completion of the sale, the chief accounting officer now owns 183,886 shares of the company’s stock, valued at approximately $5,755,631.80. This trade represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Erica Schultz sold 63,729 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $34.75, for a total transaction of $2,214,582.75. Following the completion of the transaction, the insider now owns 678,016 shares in the company, valued at $23,561,056. This trade represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,705,370 shares of company stock valued at $55,156,762 in the last three months. 13.82% of the stock is currently owned by company insiders.

Institutional Trading of Confluent

Several hedge funds and other institutional investors have recently bought and sold shares of CFLT. Creative Planning grew its position in shares of Confluent by 109.9% during the 3rd quarter. Creative Planning now owns 94,939 shares of the company’s stock worth $1,935,000 after purchasing an additional 49,699 shares in the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Confluent by 14.0% in the third quarter. Lake Street Advisors Group LLC now owns 18,481 shares of the company’s stock valued at $377,000 after buying an additional 2,263 shares during the period. US Bancorp DE grew its position in Confluent by 307.7% during the third quarter. US Bancorp DE now owns 16,702 shares of the company’s stock worth $340,000 after buying an additional 12,605 shares in the last quarter. Janney Capital Management LLC increased its stake in Confluent by 52.2% during the 3rd quarter. Janney Capital Management LLC now owns 19,946 shares of the company’s stock worth $406,000 after acquiring an additional 6,842 shares during the period. Finally, Fiera Capital Corp acquired a new position in Confluent in the 3rd quarter valued at $21,127,000. Institutional investors and hedge funds 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.