Confluent (NASDAQ:CFLT) Issues Earnings Results

Confluent (NASDAQ:CFLT) issued its earnings results on Tuesday. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.28), Zacks reports. Confluent had a negative return on equity of 34.05% and a negative net margin of 38.35%. Confluent updated its FY 2025 guidance to 0.350-0.350 EPS and its Q1 2025 guidance to 0.060-0.070 EPS.

Confluent Price Performance

Shares of CFLT stock traded down $1.36 during trading hours on Tuesday, hitting $30.10. 10,744,093 shares of the company’s stock were exchanged, compared to its average volume of 4,296,510. The company has a market capitalization of $9.87 billion, a PE ratio of -27.12 and a beta of 0.92. Confluent has a 12-month low of $17.79 and a 12-month high of $35.07. The business’s 50 day simple moving average is $29.52 and its 200-day simple moving average is $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.

Insiders Place Their Bets

In related news, CAO Kong Phan sold 3,947 shares of Confluent stock in a transaction on Friday, December 20th. The shares were sold at an average price of $28.74, for a total value of $113,436.78. Following the transaction, the chief accounting officer now directly owns 179,939 shares of the company’s stock, valued at $5,171,446.86. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew Craig Miller sold 1,084,259 shares of Confluent stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $28.90, for a total transaction of $31,335,085.10. Following the completion of the transaction, the director now directly owns 12,559 shares in the company, valued at approximately $362,955.10. The trade was a 98.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,825,395 shares of company stock valued at $85,343,808. 13.82% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $30.00 target price (down previously from $33.00) on shares of Confluent in a research report on Thursday, January 16th. Royal Bank of Canada raised their price objective on shares of Confluent from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Stifel Nicolaus raised their price objective on shares of Confluent from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price objective on shares of Confluent from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company raised their price objective on shares of Confluent from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.