Confluent (NASDAQ:CFLT) Releases Earnings Results, Misses Expectations By $0.28 EPS

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

Confluent Stock Down 4.3 %

Shares of Confluent stock opened at $30.10 on Wednesday. The stock has a 50-day moving average price of $29.49 and a 200 day moving average price of $25.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.24 and a quick ratio of 4.24. Confluent has a 1 year low of $17.79 and a 1 year high of $35.07.

Insider Buying and Selling

In other news, insider Erica Schultz sold 63,729 shares of Confluent stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $27.40, for a total transaction of $1,746,174.60. Following the completion of the sale, the insider now directly owns 687,483 shares in the company, valued at $18,837,034.20. The trade was a 8.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Stephanie Buscemi sold 5,271 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $28.23, for a total value of $148,800.33. Following the completion of the transaction, the chief marketing officer now owns 144,373 shares in the company, valued at $4,075,649.79. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,508,636 shares of company stock worth $47,198,798. 13.82% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Confluent from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Sanford C. Bernstein cut their target price on Confluent from $38.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Robert W. Baird increased their price target on Confluent from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler lifted their price objective on shares of Confluent from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Needham & Company LLC increased their target price on shares of Confluent from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.15.

Confluent Company Profile

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.