Confluent (NASDAQ:CFLT) Cut to “Hold” at Truist Financial

Truist Financial cut shares of Confluent (NASDAQ:CFLT) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other brokerages have also recently commented on CFLT. UBS Group cut shares of Confluent from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $29.00 to $31.00 in a research note on Tuesday. Cowen reissued a “hold” rating on shares of Confluent in a report on Tuesday, October 28th. William Blair downgraded shares of Confluent from an “outperform” rating to a “market perform” rating in a research report on Monday. Stifel Nicolaus boosted their price objective on Confluent from $21.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, October 28th. Finally, Royal Bank Of Canada downgraded Confluent from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $30.00 to $31.00 in a research note on Tuesday. One equities 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.71.

Confluent Stock Performance

Shares of CFLT opened at $30.00 on Monday. 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 moving average of $23.04 and a two-hundred day moving average of $22.19. The stock has a market cap of $10.49 billion, a P/E ratio of -33.33 and a beta of 0.99. Confluent has a one year low of $15.64 and a one year high of $37.90.

Confluent (NASDAQ:CFLT) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The firm had revenue of $298.52 million during the quarter, compared to analysts’ expectations of $292.69 million. During the same period last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. 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, research analysts predict that Confluent will post -0.83 EPS for the current year.

Insider Buying and Selling at Confluent

In related news, Director Michelangelo Volpi sold 32,038 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $29.77, for a total value of $953,771.26. Following the completion of the sale, the director owned 235,041 shares of the company’s stock, valued at approximately $6,997,170.57. The trade was a 12.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Vishria sold 30,953 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $23.64, for a total transaction of $731,728.92. Following the transaction, the director owned 1,092,494 shares of the company’s stock, valued at $25,826,558.16. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 611,917 shares of company stock worth $15,217,801. 9.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Confluent

A number of institutional investors and hedge funds have recently modified their holdings of CFLT. Quarry LP acquired a new stake in Confluent in the 3rd quarter worth about $26,000. Danske Bank A S purchased a new position in shares of Confluent in the third quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its stake in shares of Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after acquiring an additional 1,037 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Confluent in the third quarter worth approximately $36,000. Finally, Ramirez Asset Management Inc. purchased a new stake in shares of Confluent during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 78.09% 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.