How to Buy Confluent Stock
Confluent Inc
Confluent, Inc. operates a data streaming platform in the United States and internationally.
Confluent stock last closed at $25.36, down 6.35% from the previous day, and has decreased 60.16% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.42 percentage points. Confluent stock is currently +53.86% from its 52-week low of $16.48, and -68.73% from its 52-week high of $81.11.
There are currently 286.4M CFLT shares outstanding. The market value of CFLT is $7.26B. In the past 24 hours, 7.16M CFLT shares were traded.
How to Buy Confluent Stock
Not sure how to invest in Confluent stock? Here's how.
- Figure out where to buy Confluent stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Confluent stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your info.
- Research Confluent stock: The Confluent ticker symbol is CFLT. Is Confluent stock a good investment? Should you buy shares of CFLT? How do CFLT's underlying business fundamentals look? Do top analysts think Confluent is a good buy? Why has CFLT's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if CFLT is a good stock to buy).
- Place your CFLT trade: Decide if you will purchase CFLT shares at the current market price or use a limit order to buy CFLT shares at a given price.
- Track your investment in CFLT: Create a watchlist to get live updates on your new investment in Confluent stock.
Step 1: Figure out where to buy Confluent stock
You will need a brokerage account to access the NASDAQ market and buy CFLT stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal information so you can buy CFLT stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Input your personal details to create a new trading account.
- Submit your data by pressing the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've created your account on the best stock app for beginners, you need to deposit funds:
Check out this video walkthrough to see the process of depositing funds into your investment account.
Step 4: Research Confluent stock
Once you have chosen the best place to buy Confluent stock, it's important to analyze their stock prior to buying, so you actually comprehend the risk and opportunity.
Confluent Numbers
CFLT Due Diligence Checks
WallStreetZen was created to help part-time investors do more accurate fundamental analysis.
You can view all of the due diligence checks on CFLT's stock page.
Is CFLT stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CFLT's true value.
Using relative valuations ratios:
- CFLT could be undervalued based on its P/B ratio of 9.27x, relative to Software - Infrastructure industry P/B ratio of 10.44x
You can access additional valuation analysis on CFLT's stock here.
A look at CFLT Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the CFLT balance sheet.
- There are more short-term assets than long-term liabilities on the CFLT balance sheet.
- CFLT has cash burn of 167642000. It has enough cash and short-term investments to cover this for at least one year.
- CFLT has $1.94B in cash and short term investments. This is enough to cover its annual cash burn of $167.64M.
Failed Financial Due Diligence Checks:
- CFLT profit margin has gone down from -76.9% to -85.8% in the past year.
- CFLT has a relatively high debt to equity ratio of 1.95.
Is it a good time to buy CFLT stock, according to Wall Street analysts?
Out of 16 sell side analysts who give forecasts on CFLT, the consensus analyst rating on CFLT is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent CFLT Analyst Ratings
Tyler Radke, a top 30% analyst from Citigroup maintains CFLT with a hold rating and lowers their CFLT price target from $27.00 to $25.00, on Feb 1, 2023.
J. Derrick Wood, a top 7% analyst from Cowen & Co. maintains CFLT with a buy rating and lowers their CFLT price target from $35.00 to $30.00, on Jan 31, 2023.
Patrick Walravens, a bottom 4% analyst from JMP Securities reiterates CFLT with a buy rating and announces their CFLT price target of $33.00, on Jan 31, 2023.
Raimo Lenschow, a top 5% analyst from Barclays maintains CFLT with a strong buy rating and raises their CFLT price target from $24.00 to $26.00, on Jan 31, 2023.
Lenschow raised his price target on Confluent, Inc. by 8.3% following the release of the company's Q4 and FY 2022 earnings report on 2023/01/30.
"The big news from Q4's print was the source of booking weakness, the analyst told investors, which "seems to be deal slippage in the enterprise segment for Confluent Platform."
Lenschow said the bookings deceleration is more a "representation of the tougher environment that will be felt by more companies" than a commentary on Confluent's fundamentals.
He continues to like "Confluent's long-term story," the analyst concluded.
Confluent reported:
For Q4 2022:
- Loss per share of $0.09, which was in line with the Zacks Consensus Estimate but beat, by 52.6%, Q4 2021's loss per share of $0.19.
- Revenue of $168.67M, which missed the Zacks Consensus Estimate by 0.02% but beat, by 41%, Q4 2021's $119.93M.
For FY 2022:
- Loss per share of $0.58 which beat, by 32.6%, FY 2021's loss per share of $0.86.
- Revenue of $585.9M which beat, by 51%, FY 2021's $387.9M.
Management guided:
For Q1 2023:
- Loss per share of $0.15 to $0.13.
- Revenue of $166M to $168M.
For FY 2023:
- Loss per share of $0.28 to $0.22
- Revenue of $760M to $765M.
Co-founder and CEO Jay Kreps commented: “Our position as the category leader is illustrated by the 124% Y/Y growth in FY 2022 Confluent Cloud revenue, 35% Y/Y increase in customers with $100k+ ARR, and a healthy dollar-based net retention rate of just under 130%.”
CFO Steffan Tomlinson commented: "Our Q4 results demonstrate our continued commitment to delivering high revenue growth with substantial margin improvements.
“Looking ahead, we are focused on accelerating our timeline to achieve breakeven non-GAAP operating margin by one year exiting Q4 of 2023, while delivering approximately 30% annual revenue growth in 2023.”
Karl Keirstead, a top 10% analyst from UBS downgrades CFLT to a hold rating and announces their CFLT price target of $24.00, on Jan 27, 2023.
You can dive deeper into what analysts are saying on the Confluent stock forecast page.
CFLT Technical Indicators
CFLT Growth Numbers
Last year, CFLT revenue was $537.21M. Over the past one years, CFLT's revenue has gone up by 58.81% per year. This was faster than the Software - Infrastructure industry average of 19.96%.
Dive into CFLT's earnings and revenue performance here.
What are CFLT insiders up to?
Over the last year, executives and large shareholders at CFLT have sold more shares than they have bought.
Ying Christina Liu, Chief Accounting Officer of CFLT, was the latest CFLT insider to sell. They sold $8,781.80 worth of CFLT shares on Dec 21, 2022.
Research more about who owns CFLT stock here.
Can I get consistent income from CFLT stock?
No, Confluent doesn't provide an income stream by paying out dividends.
What do other traders have to say about CFLT?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your CFLT trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open button and eToro will execute the order.
If you require more assistance investing in stocks on eToro, click the how to video below:
Step 6: Track your investment in CFLT
Now that you own some shares in CFLT, you'll want to stay up-to-date on your new company.
Put CFLT on a watchlist to see the latest developments about your CFLT stock.
CFLT Feed
How to Buy Stock in Confluent
To summarize, here are the 6 steps you need to take to buy Confluent stock right now:
- Figure out where to buy Confluent stock
- Create your brokerage account
- Deposit funds into your investment account
- Research Confluent stock
- Place your CFLT trade
- Track your investment in CFLT
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your new investment in Confluent, add CFLT to your watchlist below.
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