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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.
  1. 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.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Select your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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:

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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 Price
$25.36
1w %
7.96%
1y %
-60.16%
5y %
N/A
P/E
-15.28x
P/B
9.27x
P/S
13.33x
PEG
N/A
Revenue
$537.21M
Earnings
-$461.11M
Fore. Rev. Growth
37.04%
Fore. Earn. Growth
N/A
Market Cap
$7.26B
Next Earnings
N/A
Next Dividend
N/A

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

SMA10
23.85
SMA20
22.12
SMA50
22.02
SMA100
23
SMA200
24.38
MACD
0.98
MACD Signal
0.47
MACD Histogram
0.51
RSI
60.65
Stochastic %K
86.51
Stochastic %D
88
StochRSI %K
87.78
StochRSI %D
88.76

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.

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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:

  1. Figure out where to buy Confluent stock
  2. Create your brokerage account
  3. Deposit funds into your investment account
  4. Research Confluent stock
  5. Place your CFLT trade
  6. Track your investment in CFLT

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Get Started with eToro Today

If you want to track your new investment in Confluent, add CFLT to your watchlist below.

NASDAQ: CFLT
$25.36-1.72 (-6.35%)
Updated Feb 3, 2023
Open eToro Account
NASDAQ: CFLT
$25.36-1.72 (-6.35%)
Updated Feb 3, 2023
Open eToro Account

FAQ

How much does it cost to buy one Confluent share?

As of Feb 3, 2023, it costs $25.36 to buy one share of Confluent stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.394 shares of CFLT.

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Is now a good time to buy Confluent stock?

According to 16 Wall Street analysts who monitor Confluent, their consensus recommendation is to buy Confluent stock.

What is the best way to buy Confluent stock?

One way to place an order for Confluent stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.