Confluent (NASDAQ:CFLT) Releases FY 2025 Earnings Guidance

Confluent (NASDAQ:CFLT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.350-0.350 for the period, compared to the consensus EPS estimate of 0.350. The company issued revenue guidance of -. Confluent also updated its Q1 2025 guidance to 0.060-0.070 EPS.

Analyst Ratings Changes

Several brokerages recently issued reports on CFLT. Guggenheim raised their target price on shares of Confluent from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price objective (down previously from $33.00) on shares of Confluent in a research note on Thursday, January 16th. UBS Group raised their target price on Confluent from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $31.00 price target on shares of Confluent in a report on Friday, November 15th. Finally, Scotiabank raised their price objective on shares of Confluent from $25.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.30.

Confluent Trading Down 4.3 %

Shares of Confluent stock traded down $1.36 on Tuesday, reaching $30.10. The company had a trading volume of 10,406,649 shares, compared to its average volume of 4,296,510. The company has a debt-to-equity ratio of 1.17, a quick ratio of 4.24 and a current ratio of 4.24. The firm has a market cap of $9.87 billion, a PE ratio of -27.12 and a beta of 0.92. The firm’s 50 day moving average price is $29.52 and its two-hundred day moving average price is $25.25. Confluent has a 52-week low of $17.79 and a 52-week high of $35.07.

Confluent (NASDAQ:CFLT) last posted its earnings results on Tuesday, February 11th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.28). Confluent had a negative return on equity of 34.05% and a negative net margin of 38.35%. Sell-side analysts predict that Confluent will post -0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Kong Phan sold 2,096 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $28.23, for a total transaction of $59,170.08. Following the sale, the chief accounting officer now directly owns 190,680 shares in the company, valued at approximately $5,382,896.40. This represents a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Craig Miller sold 1,084,259 shares of Confluent stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $28.90, for a total transaction of $31,335,085.10. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 2,825,395 shares of company stock valued at $85,343,808 in the last ninety days. Company insiders own 13.82% 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.