Confluent (CFLT)

• Market cap: $7.77B
• 1 day: 6.84%
• 5 days: 7.78%
• 1 month: -14.80%
• 3 months: -19.07%
• 6 months: 6.70%
• Year to date: -17.66%
• 1 year: -19.46%
• 5 years: -48.33%
• 10 years: -48.33%
• Sector: Technology
• Industry: Software - Infrastructure

About: Confluent Inc provides a data streaming platform that enables customers to connect their applications, systems, and data layers and can be deployed as a fully managed cloud-native software-as-a-service (SaaS) offering. Its products include Confluent Cloud, a self-managed software offering, Confluent Platform, a managed service offering where the raw data resides inside a customer's cloud environment, and WarpStream, among others. Confluent also offers professional services and education services. The company generates revenue from the sale of subscriptions and services. Geographically, it generates a majority of its revenue from its business in the United States and the rest from International markets.

Employees: 3,060

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

118% more call options, than puts

Call options by funds: $220M | Put options by funds: $101M

109% more first-time investments, than exits

New positions opened: 96 | Existing positions closed: 46

43% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 10 (+3) [Q4]

43% more capital invested

Capital invested by funds: $4.51B [Q3] → $6.44B (+$1.93B) [Q4]

13% more funds holding

Funds holding: 337 [Q3] → 381 (+44) [Q4]

0.91% more ownership

Funds ownership: 88.3% [Q3] → 89.22% (+0.91%) [Q4]

2% less repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 120

Research analyst outlook

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

• Low target: $22 5% downside
• Avg. target: $34 47% upside
• High target: $41 76% upside

18 analyst ratings

• positive: 13 72%
• neutral: 4 22%
• negative: 1 6%

Scotiabank Nick Altmann 6% 1-year accuracy 1 / 18 met price target	3% upside $24	Sector Perform Maintained	24 Apr 2025
Guggenheim Howard Ma 19% 1-year accuracy 5 / 26 met price target	63% upside $38	Buy Reiterated	23 Apr 2025
Loop Capital Yun Kim 8% 1-year accuracy 1 / 13 met price target	5% downside $22	Hold Maintained	23 Apr 2025
Wells Fargo Michael Turrin 35% 1-year accuracy 35 / 100 met price target	38% upside $32	Overweight Maintained	22 Apr 2025
Barclays Raimo Lenschow 30% 1-year accuracy 28 / 93 met price target	25% upside $29	Overweight Maintained	21 Apr 2025