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

Confluent (NASDAQ:CFLT) announced its earnings results on Tuesday. The company reported ($0.23) EPS 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 Down 4.3 %

CFLT traded down $1.36 during trading on Tuesday, hitting $30.10. The stock had a trading volume of 10,607,082 shares, compared to its average volume of 4,296,510. The company has a market capitalization of $9.87 billion, a PE ratio of -27.12 and a beta of 0.92. Confluent has a twelve month low of $17.79 and a twelve month high of $35.07. 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 stock has a 50 day simple moving average of $29.52 and a two-hundred day simple moving average of $25.25.

Wall Street Analyst Weigh In

CFLT has been the subject of several analyst reports. Mizuho increased their price objective on Confluent from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Citigroup increased their price objective on Confluent from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Needham & Company LLC reissued a “buy” rating and set a $31.00 price objective on shares of Confluent in a report on Friday, November 15th. Scotiabank raised their price target on Confluent from $25.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, October 31st. Finally, UBS Group raised their price target on Confluent from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Confluent currently has an average rating of “Moderate Buy” and a consensus target price of $32.30.

Insider Transactions at Confluent

In related news, Director Matthew Craig Miller sold 1,084,259 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 12,559 shares of the company’s stock, valued at $362,955.10. This trade represents a 98.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $29.29, for a total transaction of $6,809,925.00. Following the completion of the transaction, the chief executive officer now directly owns 452,488 shares of the company’s stock, valued at $13,253,373.52. The trade was a 33.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,825,395 shares of company stock worth $85,343,808. Company insiders own 13.82% of the company’s stock.

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.