Confluent (NASDAQ:CFLT) Downgraded by Mizuho to Hold

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

Several other equities research analysts also recently commented on CFLT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Confluent in a research note on Wednesday, October 8th. Stephens upped their price objective on shares of Confluent from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Robert W. Baird raised their price objective on Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday. New Street Research set a $29.00 target price on Confluent in a report on Thursday, October 30th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $31.00 price target on shares of Confluent in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.00.

Confluent Stock Up 0.1%

Shares of Confluent stock opened at $29.90 on Monday. Confluent has a 12 month low of $15.64 and a 12 month high of $37.90. The business has a fifty day simple moving average of $22.84 and a 200 day simple moving average of $22.14. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. The stock has a market cap of $10.46 billion, a PE ratio of -33.22 and a beta of 0.99.

Confluent (NASDAQ:CFLT) last posted its earnings results 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. The company had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. Research analysts predict that Confluent will post -0.83 EPS for the current year.

Insider Activity

In related news, Director Eric Vishria sold 30,953 shares of Confluent stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $23.64, for a total value of $731,728.92. Following the sale, the director owned 1,092,494 shares of the company’s stock, valued at approximately $25,826,558.16. This trade represents a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Neha Narkhede sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $23.57, for a total value of $707,100.00. Following the completion of the sale, the director owned 28,549 shares in the company, valued at $672,899.93. The trade was a 51.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 455,486 shares of company stock worth $10,559,288. 13.82% of the stock is currently owned by insiders.

Institutional Trading of Confluent

A number of hedge funds and other institutional investors have recently made changes to their positions in CFLT. Jericho Capital Asset Management L.P. bought a new stake in shares of Confluent in the third quarter worth $163,667,000. AQR Capital Management LLC boosted its stake in shares of Confluent by 3,646.4% during the 3rd quarter. AQR Capital Management LLC now owns 4,904,459 shares of the company’s stock worth $97,108,000 after buying an additional 4,773,548 shares during the last quarter. Norges Bank bought a new position in shares of Confluent in the 2nd quarter valued at about $89,736,000. Vanguard Group Inc. increased its position in shares of Confluent by 10.5% in the third quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company’s stock valued at $620,675,000 after acquiring an additional 2,970,708 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Confluent by 895.2% in the third quarter. Invesco Ltd. now owns 2,408,170 shares of the company’s stock valued at $47,682,000 after acquiring an additional 2,166,196 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors and hedge funds.

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.