CFLT - Confluent, Inc. Stock Price, Fair Value and News

29.42USD-1.61 (-5.19%)Market Closed

Market Summary

USD29.42-1.61

Market Closed

-5.19%

CFLT Alerts

Big jump in Earnings (Y/Y)

Losses in recent quarter

CFLT Stock Price

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CFLT RSI Chart

CFLT Valuation

Market Cap

9.7B

Price/Earnings (Trailing)

-25.45

Price/Sales (Trailing)

11.89

EV/EBITDA

-31.71

Price/Free Cashflow

-179.51

CFLT Price/Sales (Trailing)

CFLT Profitability

EBT Margin

-42.23%

Return on Equity

-45.33%

Return on Assets

-15.71%

Free Cashflow Yield

-0.56%

CFLT Fundamentals

CFLT Revenue

Revenue (TTM)

819.9M

Rev. Growth (Yr)

24.63%

Rev. Growth (Qtr)

1.9%

CFLT Earnings

Earnings (TTM)

-383.2M

Earnings Growth (Yr)

39.06%

Earnings Growth (Qtr)

1.2%

Breaking Down CFLT Revenue

52 Week Range

22.3741.22

(Low)(High)

Last 7 days

10.2%

Last 30 days

3.5%

Last 90 days

-2.1%

Trailing 12 Months

34.0%

How does CFLT drawdown profile look like?

CFLT Financial Health

Current Ratio

5.07

Debt/Equity

1.29

Debt/Cashflow

-0.05

CFLT Investor Care

Shares Dilution (1Y)

7.65%

Diluted EPS (TTM)

-1.25

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	819.9M	0	0	0
2023	634.1M	684.0M	732.4M	777.0M
2022	437.0M	488.0M	537.2M	585.9M
2021	262.7M	297.2M	338.3M	387.9M
2020	0	178.7M	207.7M	236.6M
2019	0	0	0	149.8M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Confluent, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 20, 2024	sivaram rohan	sold	-18,345	31.2	-588	chief financial officer
Mar 20, 2024	liu ying christina	sold	-12,698	31.2	-407	chief accounting officer
Mar 20, 2024	verbowski chad	sold	-252,283	31.2	-8,086	chief technology officer
Mar 11, 2024	caimi lara	acquired	-	-	46,875	-
Mar 11, 2024	caimi lara	sold	-1,495,280	31.8993	-46,875	-
Mar 08, 2024	schultz erica	acquired	-	-	63,729	president, field operations
Mar 08, 2024	schultz erica	sold	-2,104,970	33.03	-63,729	president, field operations
Mar 07, 2024	schultz erica	gifted	-	-	-3,000	president, field operations
Mar 06, 2024	kreps edward jay	sold	-7,823,090	33.6477	-232,500	chief executive officer
Mar 06, 2024	kreps edward jay	acquired	-	-	232,500	chief executive officer

Which funds bought or sold CFLT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 08, 2024	Belpointe Asset Management LLC	new	-	215,319	215,319	0.02%
May 08, 2024	Winthrop Capital Management, LLC	unchanged	-	905	5,000	-%
May 08, 2024	Russell Investments Group, Ltd.	added	0.66	1,896,880	7,959,860	0.01%
May 08, 2024	Bell Investment Advisors, Inc	unchanged	-	114	489	-%
May 08, 2024	Focused Wealth Management, Inc	sold off	-100	-91,845	-	-%
May 08, 2024	Calamos Advisors LLC	added	26.31	310,554	790,254	-%
May 08, 2024	US BANCORP \DE\	added	34.35	81,121	188,949	-%
May 08, 2024	EDMOND DE ROTHSCHILD HOLDING S.A.	unchanged	-	28,480	122,080	-%
May 08, 2024	TD Asset Management Inc	reduced	-8.43	1,831,650	11,260,400	0.01%
May 08, 2024	PROFUND ADVISORS LLC	reduced	-10.86	127,311	910,228	0.04%

Are Funds Buying or Selling CFLT?

Are funds buying CFLT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CFLT

No. of Funds

Unveiling Confluent, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	kreps edward jay	8.2%	25,685,789	SC 13G/A
Feb 14, 2024	price t rowe associates inc /md/	6.8%	14,994,745	SC 13G/A
Feb 14, 2024	sc us (ttgp), ltd.	1.0%	2,192,541	SC 13G/A
Feb 14, 2024	index ventures vii (jersey), l.p.	2.5%	5,646,760	SC 13G/A
Feb 14, 2024	altimeter capital management, lp	6.72%	14,729,458	SC 13G/A
Feb 13, 2024	benchmark capital partners viii, l.p.	0.8%	1,863,754	SC 13G/A
Feb 13, 2024	vanguard group inc	8.69%	19,071,645	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G
Jan 29, 2024	blackrock inc.	6.1%	13,487,036	SC 13G
Jan 18, 2024	jpmorgan chase & co	9.8%	21,550,684	SC 13G/A

Recent SEC filings of Confluent, Inc.

View All Filings

Date Filed	Form Type	Document
May 09, 2024	144	Notice of Insider Sale Intent
May 08, 2024	SC 13G/A	Major Ownership Report
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Apr 24, 2024	ARS	ARS
Apr 24, 2024	DEF 14A	DEF 14A
Apr 24, 2024	DEFA14A	DEFA14A
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading

Peers (Alternatives to Confluent, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.1T	236.6B	-3.28%	32.01%	35.56	12.95	13.97%	24.86%
ADBE	216.1B	19.9B	-2.05%	40.24%	45.02	10.84	10.76%	1.35%
CRWD	75.9B	3.1B	2.32%	137.65%	849.48	24.83	36.33%	148.75%
SQ	45.1B	22.9B	-8.48%	27.24%	90.57	1.97	23.28%	240.37%
AKAM	15.6B	3.9B	-4.62%	19.94%	24.97	4.02	7.01%	28.42%
FFIV	10.0B	2.8B	-12.76%	26.46%	20.11	3.6	0.20%	52.82%
MID-CAP
ALTR	7.1B	619.6M	0.54%	24.89%	738.63	11.42	7.11%	116.83%
HCP	6.3B	583.1M	21.51%	3.41%	-33.3	10.89	22.54%	30.49%
ACIW	3.8B	1.5B	6.89%	47.65%	26.11	2.58	6.51%	54.77%
APPN	2.3B	560.0M	-23.03%	-15.53%	-21.58	4.14	14.52%	34.67%
SMALL-CAP
CSGS	1.3B	1.2B	-12.82%	-12.13%	20.13	1.11	3.70%	18.24%
ATEN	1.2B	254.7M	13.22%	9.09%	25.23	4.53	-7.51%	2.74%
BAND	570.1M	634.3M	18.78%	89.93%	-19.53	0.9	9.43%	-197.31%
DTSS	18.8M	7.0M	-12.01%	-54.63%	-2.18	2.91	-55.73%	-45.27%
BLIN	13.4M	15.6M	-5.84%	38.71%	-1.35	0.86	-6.37%	-5256.07%

Confluent, Inc. News

Latest updates

Confluent, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Revenue	1.9%	217,237,000	213,184,000	200,181,000	189,285,000	174,302,000	168,666,000	151,732,000	139,407,000	126,139,000	119,928,000	102,570,000	88,338,000	77,028,000	70,324,000	61,497,000	53,852,000	-
Gross Profit	-0.1%	156,016,000	156,127,000	143,632,000	131,365,000	116,158,000	114,717,000	98,552,000	89,898,000	80,362,000	73,782,000	65,271,000	58,329,000	53,190,000	49,407,000	42,441,000	36,162,000	-
Operating Expenses	11.0%	267,367,000	240,807,000	252,264,000	250,733,000	282,251,000	229,702,000	217,452,000	207,205,000	191,844,000	187,462,000	160,022,000	144,374,000	98,334,000	81,708,000	182,438,000	63,656,000	-
S&GA Expenses	9.5%	131,352,000	119,911,000	128,624,000	127,770,000	128,624,000	122,684,000	114,312,000	112,754,000	106,702,000	100,625,000	86,991,000	73,206,000	58,509,000	47,838,000	43,759,000	36,447,000	-
R&D Expenses	12.2%	97,571,000	86,948,000	91,237,000	85,677,000	84,890,000	71,809,000	70,099,000	64,472,000	57,661,000	56,686,000	47,701,000	33,225,000	24,313,000	21,861,000	44,921,000	18,875,000	-
EBITDA Margin	20.1%	-0.40	-0.51	-0.59	-0.67	-0.75	-0.75	-0.84	-0.89	-0.92	-0.87	-0.75	-1.00	-0.91	-0.97	-0.45	-0.53	-0.63
Income Taxes	-92.1%	2,466,000	31,174,500	1,600,000	1,667,000	1,647,000	2,188,000	1,900,000	1,510,000	700,000	439,000	700,000	2,170,000	-100,000	261,000	-800,000	-100,000	-
Earnings Before Taxes	-43.9%	-90,501,000	-62,905,000	-91,103,000	-101,758,000	-150,908,000	-103,658,000	-114,181,000	-116,121,000	-112,298,000	-114,009,000	-94,982,000	-86,000,000	-44,636,000	-31,495,000	-138,891,000	-26,402,000	-
EBT Margin	19.3%	-0.42	-0.52	-0.61	-0.69	-0.76	-0.76	-0.85	-0.90	-0.93	-0.88	-0.76	-1.01	-0.92	-0.97	-0.46	-0.53	-0.63
Net Income	1.2%	-92,967,000	-94,096,000	-92,670,000	-103,425,000	-152,555,000	-105,884,000	-116,049,000	-117,631,000	-112,987,000	-114,439,000	-95,666,000	-88,170,000	-44,526,000	-31,756,000	-138,141,000	-26,296,000	-
Net Income Margin	18.0%	-0.47	-0.57	-0.62	-0.70	-0.78	-0.77	-0.86	-0.90	-0.94	-0.88	-0.77	-1.02	-0.92	-0.97	-0.46	-0.53	-0.63
Free Cashflow	-335.1%	-26,140,000	11,119,000	-9,423,000	-29,869,000	-78,318,000	-28,084,000	-42,796,000	-34,656,000	-55,918,000	-25,240,000	-18,592,000	-44,196,000	-20,632,000	-20,742,000	-9,384,000	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet													(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2020Q4
Assets	-0.9%	2,440	2,461	2,362	2,328	2,293	2,345	2,314	2,325	2,318	2,343	1,310	1,318	526
Current Assets	-1.1%	2,226	2,252	2,168	2,140	2,115	2,198	2,175	2,192	2,195	2,226	1,208	1,214	428
Cash Equivalents	-3.8%	336	350	317	313	343	436	503	530	1,048	1,376	583	860	38.00
Net PPE	14.1%	62.00	54.00	48.00	44.00	35.00	29.00	26.00	22.00	18.00	14.00	12.00	9.00	7.00
Liabilities	-3.4%	1,594	1,650	1,573	1,566	1,548	1,575	1,530	1,528	1,481	1,492	339	314	258
Current Liabilities	-9.8%	439	487	435	423	401	424	379	376	331	348	273	249	194
Long Term Debt	0.1%	1,089	1,088	1,087	1,086	1,085	1,085	1,084	1,083	1,082	1,081	-	-	-
LT Debt, Non Current	-100.0%	-	1,088	1,087	1,086	1,085	1,085	1,084	1,083	1,082	1,081	-	-	-
Shareholder's Equity	4.3%	845	810	789	761	745	769	784	797	836	850	971	1,004	-
Retained Earnings	-5.7%	-1,737	-1,644	-1,550	-1,457	-1,353	-1,201	-1,095	-979	-861	-748	-634	-538	-406
Additional Paid-In Capital	5.4%	2,585	2,453	2,349	2,229	2,103	1,980	1,892	1,786	1,703	1,600	1,605	1,542	100
Shares Outstanding	4.5%	314	301	298	295	292	280	282	276	273	189	163	119	104
Float	-100.0%	-	7,357	-	-	-	-	-	3,223	-	-	-	1,308	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																	(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Cashflow From Operations	-312.1%	-25.95	12.00	-9.06	-29.06	-77.77	-27.08	-41.75	-33.47	-55.03	-23.88	-18.03	-43.17	-19.99	-20.39	-9.18	-	-
Share Based Compensation	7.3%	95.00	89.00	90.00	92.00	79.00	76.00	75.00	69.00	57.00	58.00	50.00	35.00	13.00	10.00	120	-	-
Cashflow From Investing	-307.2%	-16.76	8.00	-11.52	-28.94	-52.48	-49.55	-12.72	-491	-311	-196	-267	50.00	14.00	-1.75	16.00	-	-
Cashflow From Financing	173.4%	30.00	11.00	26.00	27.00	38.00	8.00	28.00	7.00	38.00	1,013	8.00	809	13.00	7.00	17.00	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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CFLT Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 217,237	$ 174,302
Cost of revenue:
Total cost of revenue	61,221	58,144
Gross profit	156,016	116,158
Operating expenses:
Research and development	97,571	84,890
Sales and marketing	131,352	128,624
General and administrative	38,444	35,355
Restructuring and other related charges	0	33,382
Total operating expenses	267,367	282,251
Operating loss	(111,351)	(166,093)
Other income, net	20,850	15,185
Loss before income taxes	(90,501)	(150,908)
Provision for income taxes	2,466	1,647
Net loss	$ (92,967)	$ (152,555)
Net loss per share, basic	$ (0.3)	$ (0.52)
Net loss per share, diluted	$ (0.3)	$ (0.52)
Weighted-average shares used to compute net loss per share, basic	314,203,181	291,864,975
Weighted-average shares used to compute net loss per share, diluted	314,203,181	291,864,975
Subscription [Member]
Revenue:
Total revenue	$ 206,902	$ 160,567
Cost of revenue:
Total cost of revenue	48,355	42,905
Services [Member]
Revenue:
Total revenue	10,335	13,735
Cost of revenue:
Total cost of revenue	$ 12,866	$ 15,239

CFLT Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 336,373	$ 349,761
Marketable securities	1,570,586	1,551,009
Accounts receivable, net	199,842	229,962
Deferred contract acquisition costs	43,214	43,937
Prepaid expenses and other current assets	76,102	76,986
Total current assets	2,226,117	2,251,655
Property and equipment, net	61,627	54,012
Operating lease right-of-use assets	9,176	10,061
Goodwill and intangible assets, net	54,988	55,490
Deferred contract acquisition costs, non-current	73,508	75,815
Other assets, non-current	14,213	13,776
Total assets	2,439,629	2,460,809
Current liabilities:
Accounts payable	1,882	6,714
Accrued expenses and other liabilities	96,739	141,847
Operating lease liabilities	10,061	7,890
Deferred revenue	330,516	330,570
Total current liabilities	439,198	487,021
Operating lease liabilities, non-current	13,284	17,391
Deferred revenue, non-current	17,145	22,436
Convertible senior notes, net	1,089,266	1,088,313
Other liabilities, non-current	35,519	35,233
Total liabilities	1,594,412	1,650,394
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, par value of $0.00001 per share; 10,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 0 shares issued and outstanding as of March 31,2024 and December 31, 2023	0	0
Additional paid-in capital	2,584,665	2,453,293
Accumulated other comprehensive (loss) income	(2,333)	1,270
Accumulated deficit	(1,737,118)	(1,644,151)
Total stockholders' equity	845,217	810,415
Total liabilities and stockholders' equity	2,439,629	2,460,809
Class A Common Stock [Member]
Stockholders' equity:
Common Stock, Value	2	2
Class B Common Stock [Member]
Stockholders' equity:
Common Stock, Value	$ 1	$ 1

About Confluent, Inc.

Confluent, Inc. operates a data streaming platform in the United States and internationally. The company offers Confluent Cloud, a managed cloud-native service for connecting and processing real-time data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data. It also provides Kafka Connect, an open-source component that works as a centralized data hub for simple data integration between databases, key-value stores, search indexes, and file systems; ksqlDB, a database for stream processing applications; and stream governance, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of Apache Kafka without bypassing requirements for risk management and regulatory compliance. In addition, the company offers training and professional services. It serves automotive, communication, financial services, gaming, government, insurance, manufacturing, retail and ecommerce, and technology industries. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.

CEO	Mr. Edward Kreps
WEBSITE	confluent.io
INDUSTRY	Software - Infra
EMPLOYEES	2761

Confluent, Inc. Frequently Asked Questions

What is the ticker symbol for Confluent, Inc.? What does CFLT stand for in stocks?

CFLT is the stock ticker symbol of Confluent, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Confluent, Inc. (CFLT)?

As of Thu May 09 2024, market cap of Confluent, Inc. is 9.75 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CFLT stock?

You can check CFLT's fair value in chart for subscribers.

What is the fair value of CFLT stock?

You can check CFLT's fair value in chart for subscribers. The fair value of Confluent, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Confluent, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CFLT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Confluent, Inc. a good stock to buy?

The fair value guage provides a quick view whether CFLT is over valued or under valued. Whether Confluent, Inc. is cheap or expensive depends on the assumptions which impact Confluent, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CFLT.

What is Confluent, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 09 2024, CFLT's PE ratio (Price to Earnings) is -25.45 and Price to Sales (PS) ratio is 11.89. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CFLT PE ratio will change depending on the future growth rate expectations of investors.