Confluent
CFLT
Market cap $7.09B

21.98 USD

-0.19

0.86%

At close Oct 22, 4:00 PM EDT

After hours

21.83

-0.15

0.68%

1 day

-0.86%

5 days

-2.31%

1 month

11.63%

3 months

-12.47%

6 months

-19.63%

Year to date

-3.26%

1 year

-21.89%

5 years

-51.18%

About: Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. Its products include Confluent Platform; Connectors; ksqlDB and others. The company generates revenue from the sale of subscriptions and services. Geographically, it derives a majority of its revenue from the United States. The company provides solutions to Financial Services; Insurance; Retail and eCommerce; Automotive; Government and other sectors.

Employees: 2,744

Information Technology Prepackaged Software

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 23 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

126% more call options, than puts

Call options by funds: $267M | Put options by funds: $118M

63% more repeat investments, than reductions

Existing positions increased: 161 | Existing positions reduced: 99

6% more capital invested

Capital invested by funds: $6.46B [Q1] → $6.84B (+$373M) [Q2]

0.76% more ownership

Funds ownership: 93.9% [Q1] → 94.66% (+0.76%) [Q2]

6% less funds holding

Funds holding: 391 [Q1] → 366 (-25) [Q2]

15% less funds holding in top 10

Funds holding in top 10: 13 [Q1] → 11 (-2) [Q2]

34% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 74

See Fund Rankings

Research analyst outlook

23 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$23

5%

upside

Avg. target

$30

36%

upside

High target

$40

82%

upside

23 analyst ratings

19 positive

83%

3 neutral

13%

1 negative

4%

Mizuho Gregg Moskowitz 46% 1-year accuracy 16 / 35 met price target	32%upside $29	Outperform Maintained	17 Oct 2024
JMP Securities Patrick Walravens 64% 1-year accuracy 59 / 92 met price target	82%upside $40	Market Outperform Reiterated	24 Sept 2024
Needham Mike Cikos 48% 1-year accuracy 43 / 89 met price target	27%upside $28	Buy Reiterated	23 Sept 2024
TD Cowen Derrick Wood 67% 1-year accuracy 8 / 12 met price target	23%upside $27	Buy Maintained	20 Sept 2024
Evercore ISI Group Chirag Ved 25% 1-year accuracy 1 / 4 met price target	27%upside $28	Outperform Maintained	20 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about CFLT published over the past 30 days

Confluent: Expect Sizeable Stock Recovery And Strong Long-Term Performance

Expect a post-election rally, rate cuts, and year-end rally in selected growth stocks. Confluent offers a managed Kafka solution, crucial for real-time data streaming. Despite macro headwinds, Confluent's growth remains high at over 20%. Confluent's stock, down 66% in two years, presents a buying opportunity for growth-oriented investors due to its promising future and very low PEG valuation relative to the sector median.

Confluent: Expect Sizeable Stock Recovery And Strong Long-Term Performance

Confluent to Announce Third Quarter 2024 Financial Results on October 30, 2024

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced it will release financial results for its third quarter of 2024, which ended September 30, 2024, after the U.S. market close on Wednesday, October 30, 2024. Confluent will host a live video webcast to discuss the results. Video Webcast Information Date: Wednesday, October 30, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.confluent.io Prior to the commencement o.

Confluent to Announce Third Quarter 2024 Financial Results on October 30, 2024

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Confluent Invests in Onibex and Psyncopate Amid Increased Demand for Complete Data Streaming Platforms

AUSTIN, Texas--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced investments in two regional system integrators (RSIs) to meet rising demand for complete data streaming platforms and bring real-time applications to businesses everywhere. RSIs that received this are Onibex, which leverages Confluent Cloud to connect SAP data to other operational systems in real time, and Psyncopate, which provides specialized expertise in migrating legacy TIBCO infrastru.

Confluent Invests in Onibex and Psyncopate Amid Increased Demand for Complete Data Streaming Platforms

Confluent Launches OEM Program to Help Partners Quickly and Confidently Grow Their Business with Data Streaming

AUSTIN, Texas--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the Confluent OEM Program. The new program for managed service providers (MSPs), cloud service providers (CSPs), and independent software vendors (ISVs) makes it easy to launch and enhance customer offerings with a complete data streaming platform for Apache Kafka® and Apache Flink®. With license to globally redistribute or embed Confluent's enterprise-grade platform, partners can bring re.

Confluent Launches OEM Program to Help Partners Quickly and Confidently Grow Their Business with Data Streaming

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Dean Schauer Appointed Chairman of the Board of Confluent Medical Technologies

SCOTTSDALE, Ariz., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Confluent Medical Technologies (Confluent) announced today that Dean Schauer, who has served as the company's Chief Executive Officer for more than a decade, has assumed the role of Chairman in addition to his existing responsibilities as CEO and President.

Dean Schauer Appointed Chairman of the Board of Confluent Medical Technologies

Confluent acquires streaming data startup WarpStream

Streaming data and Kafka specialist Confluent on Monday announced that it has acquired WarpStream, a Kafka-compatible streaming data solution. Confluent plans to use WarpStream's cloud-native solution to fill out its portfolio by offering a new service (Confluent WarpStream) that can sit in between its fully-managed Confluent Cloud and self-managed Confluent Platform.

Confluent acquires streaming data startup WarpStream

Confluent Acquires WarpStream to Advance Next-Gen BYOC Data Streaming

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has acquired WarpStream, an Apache Kafka®-compatible data streaming platform. WarpStream's Bring Your Own Cloud (“BYOC”) data streaming architecture is designed for organizations running large scale workloads with relaxed latency requirements in their own cloud environment, perfect for logging, observability, and feeding data lakes. With the acquisition of WarpStream, Confluent.

Confluent Acquires WarpStream to Advance Next-Gen BYOC Data Streaming

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