DA Davidson Issues Pessimistic Forecast for Confluent (NASDAQ:CFLT) Stock Price

Confluent (NASDAQ:CFLT) had its target price cut by DA Davidson from $42.00 to $28.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock. DA Davidson also issued estimates for Confluent’s Q2 2025 earnings at ($0.22) EPS.

CFLT has been the topic of a number of other reports. Raymond James started coverage on shares of Confluent in a research report on Friday, April 11th. They set an “outperform” rating and a $30.00 price target on the stock. Evercore ISI cut their target price on Confluent from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday. Royal Bank of Canada lifted their price target on Confluent from $36.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Oppenheimer reduced their price objective on Confluent from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Loop Capital reduced their target price on Confluent from $30.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.28.

Confluent Price Performance

Shares of CFLT opened at $19.82 on Thursday. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of -18.35 and a beta of 1.03. The stock has a 50 day moving average of $24.45 and a 200-day moving average of $27.42. The company has a current ratio of 3.99, a quick ratio of 4.24 and a debt-to-equity ratio of 1.14. Confluent has a 52 week low of $17.79 and a 52 week high of $37.90.

Confluent (NASDAQ:CFLT) last posted its earnings results on Wednesday, April 30th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Confluent had a negative return on equity of 34.70% and a negative net margin of 35.81%. The company had revenue of $271.12 million for the quarter, compared to analysts’ expectations of $264.45 million. During the same period last year, the business posted $0.05 earnings per share. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, analysts forecast that Confluent will post -0.83 EPS for the current year.

Insider Buying and Selling at Confluent

In other news, CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $32.33, for a total transaction of $7,516,725.00. Following the sale, the chief executive officer now owns 452,488 shares of the company’s stock, valued at approximately $14,628,937.04. This trade represents a 33.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Erica Schultz sold 150,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $35.82, for a total value of $5,373,000.00. Following the completion of the transaction, the insider now owns 678,016 shares of the company’s stock, valued at $24,286,533.12. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,200,746 shares of company stock valued at $38,505,150 in the last ninety days. Company insiders own 13.82% of the company’s stock.

Hedge Funds Weigh In On Confluent

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its stake in shares of Confluent by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 10,774 shares of the company’s stock valued at $301,000 after acquiring an additional 328 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Confluent by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,557 shares of the company’s stock valued at $323,000 after purchasing an additional 458 shares in the last quarter. Truist Financial Corp raised its position in Confluent by 2.5% in the 4th quarter. Truist Financial Corp now owns 21,081 shares of the company’s stock valued at $589,000 after purchasing an additional 514 shares during the last quarter. Amalgamated Bank boosted its stake in Confluent by 3.4% in the first quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock worth $398,000 after purchasing an additional 566 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Confluent by 26.8% during the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock worth $73,000 after purchasing an additional 661 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors and hedge funds.

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.