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

Confluent (NASDAQ:CFLT) released its quarterly earnings results 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 Performance

NASDAQ:CFLT traded down $1.36 during mid-day trading on Tuesday, reaching $30.10. The company’s stock had a trading volume of 10,744,093 shares, compared to its average volume of 4,296,510. Confluent has a 12-month low of $17.79 and a 12-month high of $35.07. The stock has a market cap of $9.87 billion, a P/E ratio of -27.12 and a beta of 0.92. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 1.17. The firm’s fifty day moving average price is $29.52 and its two-hundred day moving average price is $25.25.

Analyst Ratings Changes

Several research firms recently weighed in on CFLT. Barclays lifted their price target on shares of Confluent from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on shares of Confluent from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Wells Fargo & Company boosted their target price on shares of Confluent from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Robert W. Baird boosted their target price on shares of Confluent from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Guggenheim boosted their target price on shares of Confluent from $32.00 to $35.00 and gave the company a “buy” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.30.

Insider Activity

In other news, Director Matthew Craig Miller sold 1,084,259 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $28.90, for a total transaction of $31,335,085.10. Following the completion of the sale, the director now owns 12,559 shares of the company’s stock, valued at $362,955.10. This represents a 98.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Stephanie Buscemi sold 5,271 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $28.23, for a total transaction of $148,800.33. Following the sale, the chief marketing officer now directly owns 144,373 shares of the company’s stock, valued at $4,075,649.79. The trade was a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,825,395 shares of company stock valued at $85,343,808 in the last quarter. 13.82% of the stock is currently owned by insiders.

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.