Confluent
CFLT

$19.60

4.29%

Market Cap: $6.33B

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 6,710 funds

0

Analysts bullish %

of 22 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

62% more repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 99

6% more capital invested

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

0.75% more ownership

Funds ownership: 93.9% [Q1] → 94.66% (+0.75%) [Q2]

7% less funds holding

Funds holding: 391 [Q1] → 365 (-26) [Q2]

15% less funds holding in top 10

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

35% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 75

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Research analyst outlook

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

Low target

$23

17%

upside

Avg. target

$31

56%

upside

High target

$38

94%

upside

22 analyst ratings

17 positive

77%

4 neutral

18%

1 negative

5%

Baird William Power 53% 1-year accuracy 9 / 17 met price target	17%upside $23	Neutral Initiated	4 Sept 2024
JP Morgan Pinjalim Bora 48% 1-year accuracy 12 / 25 met price target	28%upside $25	Overweight Upgraded	9 Aug 2024
TD Cowen Derrick Wood 62% 1-year accuracy 8 / 13 met price target	58%upside $31	Buy Maintained	1 Aug 2024
Scotiabank Nick Altmann 63% 1-year accuracy 5 / 8 met price target	28%upside $25	Sector Perform Maintained	1 Aug 2024
Deutsche Bank Brad Zelnick 30% 1-year accuracy 3 / 10 met price target	53%upside $30	Buy Maintained	1 Aug 2024

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Financial journalist opinion

Based on 9 articles about CFLT published over the past 30 days

Confluent: Expanding Customer Base A Step In The Right Direction

Confluent's customer acquisition accelerated in the second quarter, which could lead to improved growth going forward. The scaling of Confluent's stream processing product should also begin to support growth in the coming years. Confluent's margins should improve over the next years as stock-based compensation costs decline. Confluent is also closing in on cash flow breakeven.

Confluent: Expanding Customer Base A Step In The Right Direction

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: Goldman Sachs Communacopia + Technology Conference Date: Monday, September 9, 2024 Time: 1:45 p.m. PT / 4:45 p.m. ET Piper Sandler Growth Frontiers Conference Date: Wednesday, September 11, 2024 Time: 9:00 a.m. PT / 12:00 p.m. ET A live webcast and a replay of each presentation will be available on Co.

Confluent to Present at Upcoming Investor Conferences

The Motley Fool

2 Super AI Stocks to Buy Hand Over Fist, According to Wall Street

It can pay to listen when multiple analysts reach the same conclusion on a given stock. A majority of analysts surveyed by The Wall Street Journal are bullish on shares of Confluent and Datadog.

2 Super AI Stocks to Buy Hand Over Fist, According to Wall Street

Confluent: New Revenue Model & Flink Platform Are Game Changers For Growth

Confluent's shift to a consumption model will drive growth, in my opinion, by attracting new customers, improving satisfaction, and encouraging customers to increase their usage. Confluent's new Flink platform is another tailwind to growth due to the benefits of using both Kafka and Flink together. Confluent's customers are looking to increase their spending at a 20% CAGR over the next 3 years, highlighting the stickiness of its platform.

Confluent: New Revenue Model & Flink Platform Are Game Changers For Growth

The Motley Fool

1 Growth Stock Down 36% to Buy Hand Over Fist Before It's Too Late

Confluent reported better-than-expected growth last quarter, thanks to a bigger customer base and higher spending. The company's huge addressable market and its potential earnings growth could infuse new life into the stock, despite a difficult 2024 so far.

1 Growth Stock Down 36% to Buy Hand Over Fist Before It's Too Late

3 Stocks Poised for a Comeback After Last Week's Market Meltdown

Leading stock indexes like the Nasdaq Composite and Dow Jones Industrial Average saw massive drops last week. Traditionally, the stock market has been subject to external forces like inflation data, geopolitics and new technological advances.

3 Stocks Poised for a Comeback After Last Week's Market Meltdown

3 Tech Stocks That Have Entered Correction Territory

Wall Street pays significant attention to the technology sector as tech companies typically deliver substantial returns to investors. However, the volatile nature of this industry means that tech stocks can especially short-term experience downturns.

3 Tech Stocks That Have Entered Correction Territory

The Motley Fool

3 Stocks to Keep High on Your Buy List

Palantir is leveraging its advanced AI and data mining capabilities to help enterprises analyze huge amounts of data. Oracle is helping build data center infrastructure for training and inferencing large language models.

3 Stocks to Keep High on Your Buy List

The Motley Fool

1 Unstoppable Stock Down 79% to Buy Hand Over Fist, According to Wall Street

Confluent is tackling a $60 billion opportunity in the data streaming industry. Data streaming helps businesses create real-time customer experiences, and the use cases are expanding.

1 Unstoppable Stock Down 79% to Buy Hand Over Fist, According to Wall Street

Confluent, Inc. (CFLT) Q2 2024 Earnings Call Transcript

Confluent, Inc. (NASDAQ:CFLT ) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Shane Xie - Investor Relations Jay Kreps - Co-Founder & Chief Executive Officer Rohan Sivaram - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Sanjit Singh - Morgan Stanley Raimo Lenschow - Barclays Brad Zelnick - Deutsche Jason Ader - William Blair Derrick Wood - TD Cowen Rudy Kessinger - D.A. Davidson Alex Zukin - Wolfe Research Kash Rangan - Goldman Sachs Pinjalim Bora - JPMorgan Ittai Kidron - Oppenheimer Gregg Moskowitz - Mizuho Mike Cikos - Needham Michael Turrin - Wells Fargo Shane Xie Hello, everyone.

Confluent, Inc. (CFLT) Q2 2024 Earnings Call Transcript

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