Confluent (NASDAQ:CFLT) Cut to Equal Weight at Wells Fargo & Company

Wells Fargo & Company cut shares of Confluent (NASDAQ:CFLT) from an overweight rating to an equal weight rating in a report issued on Monday, MarketBeat Ratings reports. Wells Fargo & Company currently has $31.00 price target on the stock.

CFLT has been the subject of several other research reports. Mizuho boosted their price objective on shares of Confluent from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Piper Sandler cut shares of Confluent from an “overweight” rating to a “hold” rating and set a $31.00 price target for the company. in a research report on Monday. Guggenheim restated a “buy” rating and issued a $29.00 price objective on shares of Confluent in a research note on Monday. Evercore ISI set a $31.00 target price on Confluent in a research report on Monday. Finally, Zacks Research raised Confluent from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.71.

Confluent Trading Up 0.3%

NASDAQ:CFLT opened at $30.00 on Monday. Confluent has a 1 year low of $15.64 and a 1 year high of $37.90. The stock has a market cap of $10.49 billion, a P/E ratio of -33.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. The stock has a 50-day simple moving average of $23.04 and a 200-day simple moving average of $22.19.

Confluent (NASDAQ:CFLT) last posted its earnings results on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $298.52 million during the quarter, compared to analysts’ expectations of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. As a group, analysts anticipate that Confluent will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Ban Ryan Norris Mac sold 44,114 shares of Confluent stock in a transaction on Monday, December 8th. The stock was sold at an average price of $29.77, for a total transaction of $1,313,273.78. Following the completion of the transaction, the executive directly owned 336,950 shares of the company’s stock, valued at approximately $10,031,001.50. The trade was a 11.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Kong Phan sold 3,841 shares of Confluent stock in a transaction on Monday, December 8th. The stock was sold at an average price of $29.84, for a total value of $114,615.44. Following the transaction, the chief accounting officer directly owned 225,050 shares of the company’s stock, valued at $6,715,492. This trade represents a 1.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 611,917 shares of company stock valued at $15,217,801 in the last quarter. Corporate insiders own 9.20% of the company’s stock.

Institutional Trading of Confluent

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Confluent by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock worth $623,976,000 after acquiring an additional 1,791,588 shares during the period. Bank of Montreal Can grew its holdings in Confluent by 28.5% in the second quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock valued at $6,507,000 after purchasing an additional 57,928 shares during the period. Hsbc Holdings PLC increased its position in Confluent by 655.7% during the second quarter. Hsbc Holdings PLC now owns 243,596 shares of the company’s stock worth $6,013,000 after purchasing an additional 211,360 shares during the last quarter. Nuveen LLC purchased a new position in Confluent during the first quarter worth approximately $28,791,000. Finally, Coronation Fund Managers Ltd. purchased a new position in Confluent during the second quarter worth approximately $10,250,000. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

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.