Q1 Earnings Estimate for Confluent Issued By DA Davidson

Confluent, Inc. (NASDAQ:CFLT) – Investment analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Confluent in a report released on Wednesday, February 12th. DA Davidson analyst R. Kessinger forecasts that the company will post earnings per share of ($0.23) for the quarter. The consensus estimate for Confluent’s current full-year earnings is ($0.90) per share.

Other analysts have also issued reports about the company. Scotiabank lifted their price objective on Confluent from $27.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Piper Sandler lifted their price target on shares of Confluent from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Confluent from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup lifted their target price on shares of Confluent from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America upped their target price on shares of Confluent from $26.00 to $31.00 and gave the company an “underperform” rating in a research report on Wednesday. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Confluent Stock Up 25.1 %

NASDAQ CFLT opened at $37.65 on Thursday. Confluent has a 52 week low of $17.79 and a 52 week 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. The stock has a fifty day moving average of $29.58 and a 200-day moving average of $25.37.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.28). Confluent had a negative net margin of 38.35% and a negative return on equity of 34.05%.

Hedge Funds Weigh In On Confluent

A number of large investors have recently modified their holdings of CFLT. Vanguard Group Inc. increased its position in shares of Confluent by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 24,828,562 shares of the company’s stock valued at $694,207,000 after acquiring an additional 599,582 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of Confluent by 72.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 10,700,846 shares of the company’s stock worth $218,083,000 after purchasing an additional 4,486,841 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Confluent by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,409,872 shares of the company’s stock worth $123,339,000 after purchasing an additional 84,163 shares in the last quarter. Norges Bank acquired a new stake in shares of Confluent in the 4th quarter valued at approximately $81,092,000. Finally, Atreides Management LP boosted its holdings in shares of Confluent by 7.3% in the 3rd quarter. Atreides Management LP now owns 2,706,910 shares of the company’s stock valued at $55,167,000 after buying an additional 184,865 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Matthew Craig Miller sold 541,850 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $30.32, for a total value of $16,428,892.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Erica Schultz sold 63,729 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $27.40, for a total transaction of $1,746,174.60. Following the completion of the transaction, the insider now directly 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,508,636 shares of company stock valued at $47,198,798. Company 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.