ConfluentCFLT
CFLT
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 15 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
76% more call options, than puts
Call options by funds: $137M | Put options by funds: $77.9M
8% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 116
7.31% less ownership
Funds ownership: 95.6% [Q2] → 88.29% (-7.31%) [Q3]
9% less funds holding
Funds holding: 366 [Q2] → 334 (-32) [Q3]
30% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 107
35% less capital invested
Capital invested by funds: $6.9B [Q2] → $4.51B (-$2.39B) [Q3]
36% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 7 (-4) [Q3]
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$25
17%
downside
Avg. target
$33
10%
upside
High target
$40
33%
upside
15 analyst ratings
11 positive
73%
4 neutral
27%
0 negative
0%
Stifel Brad Reback 72% 1-year accuracy 34 / 47 met price target | 23%upside $37 | Buy Maintained | 18 Dec 2024 |
Mizuho Gregg Moskowitz 59% 1-year accuracy 30 / 51 met price target | 17%upside $35 | Outperform Maintained | 13 Dec 2024 |
Truist Securities Miller Jump 48% 1-year accuracy 10 / 21 met price target | 17%upside $35 | Buy Maintained | 12 Dec 2024 |
JP Morgan Pinjalim Bora 54% 1-year accuracy 32 / 59 met price target | 27%upside $38 | Overweight Maintained | 11 Dec 2024 |
Barclays Raimo Lenschow 59% 1-year accuracy 52 / 88 met price target | 17%upside $35 | Overweight Maintained | 6 Dec 2024 |
Financial journalist opinion
Based on 4 articles about CFLT published over the past 30 days
Positive
Investors Business Daily
1 week ago
S&P 500 Banking Giant Leads Five Stocks To Watch Amid Market Rally
Goldman Sachs and Fortinet are among the stocks investors should keep tabs on as the stock market rally holds up. The post S&P 500 Banking Giant Leads Five Stocks To Watch Amid Market Rally appeared first on Investor's Business Daily.
Positive
Seeking Alpha
1 week ago
Confluent: Unlocking The Potential Of AI
Confluent's data streaming platform could be crucial for AI, making the stock undervalued with high-growth potential. Q3 2024 results show 25% revenue growth, positive free cash flow, and improved GAAP net loss, indicating strong performance and liquidity. Confluent's 117% Dollar-based Net Retention Rate and expanding product offerings highlight its value and customer loyalty.
Positive
Investors Business Daily
1 week ago
AI Nerve Center — And 400% Growth — Fuel This Google, Amazon, Microsoft Partner
Strong demand and explosive growth lift Amazon, Microsoft and Google partner Confluent stock toward a breakout. The post AI Nerve Center — And 400% Growth — Fuel This Google, Amazon, Microsoft Partner appeared first on Investor's Business Daily.
Neutral
Business Wire
1 week ago
New Confluent Platform for Apache Flink Makes It Easy to Manage and Secure High-Performance Stream Processing On-Premises
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, announced the general availability of Confluent Platform for Apache Flink® with added enterprise-level security capabilities and easier ways to manage and scale on-premises Apache Flink workloads. Confluent is now the only company that offers data streaming paired with stream processing for cloud and on-premises workloads so businesses can turn their data into value faster. In addition, Confluent.
Positive
Seeking Alpha
1 month ago
Confluent: After A Strong Quarter And A Share Price Spike Is There More To Come?
Confluent shares have surged 30% in the past month, driven by accelerating revenue growth and significant profitability improvements, making it an attractive buy despite past volatility. The company reported a 25% revenue increase, with cloud revenues growing by 42%, and raised its Q4 revenue forecast, indicating strong future performance. New product introductions, including Flink and Freight Clusters, are expected to drive substantial revenue growth and enhance Confluent's competitive edge in the stream processing market.
Positive
The Motley Fool
1 month ago
This Growth Stock Has Gone Parabolic, and It Can Still Go Higher Thanks to a Massive Addressable Market
Investors looking for a growth stock may be tempted to buy this company, but they shouldn't ignore one key factor.
Neutral
PRNewsWire
1 month ago
Oscilar Launches Revolutionary Device and Behavioral Intelligence Solution to Combat AI-Powered Fraud
New offering intended to protect against projected $40 billion in AI-powered fraud by 2027. PALO ALTO, Calif.
Positive
MarketBeat
1 month ago
Is Confluent the Next Big Winner in AI-Powered Data Streaming?
Confluent Inc. NASDAQ: CFLT is a leading data streaming platform provider. Data streaming is the continuous transmission of data, usually in real-time, like stock market data, social media feeds, and GPS navigation.
Neutral
Business Wire
1 month ago
Confluent to Present at Upcoming Investor Conferences
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced that its management will present at the following upcoming investor conferences: RBC Global Technology, Internet, Media and Telecommunications Conference Date: Tuesday, November 19, 2024 Time: 5:00 a.m. PT / 8:00 a.m. ET Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 11:00 a.m. PT / 2:00 p.m. ET Barclays Global Technology Conference Date: Thursday, Decem.
Positive
Seeking Alpha
1 month ago
Confluent: Strong Q3 Sets The Stage For A Festive Quarter
Confluent's Q3 earnings highlight its efficient growth with 25% revenue growth, record non-GAAP operating margin, and record free cash flow. Confluent is witnessing consumption stabilization among its cloud native customers, which is a positive sign ahead of its historically strong Q4. The upcoming holiday season is expected to see record demand, which could help Confluent exceed management's Q4 guidance thanks to its consumption revenue model.
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