Short answer: CFLT stock no longer trades. IBM completed its acquisition of Confluent on March 17, 2026. Each share of Class A and Class B common stock converted into the right to receive $31.00 in cash. The Nasdaq listing was suspended and then delisted, so there is no live quote to look up.
If you found an old CFLT position in a brokerage account, hit a dead chart, or wondered why “Confluent stock price today” returns nothing useful, this guide covers it. It explains the timeline, the final numbers, the price history and the practical next steps. It also answers a few questions about GFL Environmental, which turn up in the same searches and are easy to confuse with this ticker.
Is CFLT Stock Still Active?
No. March 16, 2026 was the last day CFLT traded on the Nasdaq, and the merger closed the following day. Confluent survived as a wholly owned IBM subsidiary, and the company planned delisting, deregistration and an end to its Exchange Act reporting.
In practice:
- There is no live CFLT stock quote, and no new CFLT stock news in the market-moving sense.
- Historical charts and data still exist on most finance sites, but they end in March 2026.
- Confluent no longer files quarterly reports as a public company, so new Confluent earnings releases won’t appear. simplywall.st
The IBM Confluent Deal: Timeline at a Glance
| Date | Event |
|---|---|
| December 2025 | IBM announced the acquisition, and CFLT shares jumped toward the offer price |
| February 12, 2026 | Confluent stockholders approved the merger at a special meeting |
| March 16, 2026 | Final trading session for CFLT on Nasdaq |
| March 17, 2026 | IBM closed the deal; the board and officers were replaced by IBM designees |
The stockholder vote was not close. About 62% of the voting power had reportedly been pledged in favor before the meeting, which reflects how much control long-time holders kept through the dual-class structure. FinancialContent
How Much Was the Deal Worth?
Short answer: $31 per share in cash, or roughly $11 billion in enterprise value.
IBM acquired all issued and outstanding common shares at $31 per share in cash, an enterprise value of approximately $11 billion. Enterprise value differs slightly from equity market cap because it accounts for debt and cash. Data providers showed a market capitalization of about $11.08 billion at the final price of $30.99.
The all-cash structure matters. Shareholders did not receive IBM stock, so nothing about their payout depended on IBM’s share price after the announcement. It was a clean exit at a known number.
What Was CFLT’s Final Closing Price?
Short answer: $30.99 on March 16, 2026, one cent below the deal price.
Investing.com shows the last close at $30.99, up $0.32 (1.04%) on the day, with an intraday range of $30.67 to $31.00. That tiny gap to $31 is the market’s way of saying the deal was considered nearly certain by the end. Traders who bought at $30.99 were earning a spread of about a penny per share for holding a few hours.
| Metric | Value |
|---|---|
| Last closing price | $30.99 |
| Deal price | $31.00 in cash |
| 52-week high | $31.00 |
| 52-week low | $15.64 |
| All-time high close | $93.60 on November 5, 2021 |
Data sites don’t fully agree on the 52-week low. One quote page lists $19.11, while others, including Investing.com, show $15.64, which matches the August 2025 low described below. Check your broker’s own record if you need an exact figure for tax purposes.
A Short Look at Confluent’s Stock Price History
Confluent’s chart tells a familiar story for growth software names: a big debut, a long slide, then a takeover.
- 2021: The stock peaked at a closing high of $93.60 in November, during the peak of software valuations.
- 2022 to 2024: Shares gave back most of those gains as investors rethought what growth was worth. I’m not citing specific yearly closing prices here because sources vary, but the general direction was downward and choppy.
- Mid-2025: The stock had a 52-week range of $17.79 to $37.90 in late June 2025, showing how much volatility was baked in.
- August 2025: CFLT hit a new 52-week low of $15.64 on August 13, after several analysts trimmed their targets.
- October 2025: The stock closed at $22.43 on October 17, with a market cap near $7.7 billion.
- December 2025 to March 2026: The IBM offer pinned the price near $31.
My read: the $31 payout was roughly double the August 2025 low, but about a third of the 2021 peak. Whether that felt like a win depended entirely on when someone bought.
Why Was CFLT Delisted?
Delisting is a standard consequence of a cash acquisition. When one company buys 100% of another for cash, the target has no public shareholders left, so an exchange listing has no purpose. Nasdaq suspended trading, and Confluent moved to end its registration with the SEC.
It was not a delisting for financial distress or compliance failure, which is what many people assume when they see the word.
Why Did IBM Want Confluent?
Confluent sells a data streaming platform built around Apache Kafka. IBM says more than 6,500 enterprises, including 40% of the Fortune 500, rely on it for real-time operations.
IBM’s argument is about AI. Rob Thomas, IBM’s senior vice president of software, said AI decisions need to be as fast as transactions, and that models and agents should act on what is happening now rather than on data that is hours old. CEO Arvind Krishna told the Wall Street Journal that corporate data sits across many systems and that AI agents need access to data wherever it lives.
From an analyst’s perspective, the logic is coherent. Streaming data is the plumbing between operational systems and AI tools, and IBM already owns a hybrid cloud and consulting footprint to sell it through. The risk is integration: acquired software companies sometimes lose momentum when they are folded into a larger organization.
What Happened to Confluent’s Convertible Notes?
This detail rarely gets covered, but it matters for bondholders. Confluent’s 0% Convertible Senior Notes due 2027, totaling $1.1 billion in principal, became convertible into cash reference property equal to the $31 merger price, and the deal counted as a Fundamental Change giving holders the right to require repurchase at par plus accrued special interest. If you held these notes, read your indenture notice or contact your broker for the specific election deadlines.
Was There a CFLT Stock Forecast Before the Deal?
Yes, and it was cautious. One aggregator showed most ratings at Market Perform, with a mean price target of $33.41. The last analyst rating tracked by TipRanks was Hold with a $33 target.
Those targets clustered near the offer price for an obvious reason. Once a definitive cash deal exists, the stock trades on deal probability, not on fundamentals, and analysts stop modeling upside beyond the payout. Any CFLT stock prediction you see today, particularly automated ones on data sites, is meaningless because there is nothing left to predict.
What Were Confluent’s Last Reported Financials?
The most solid data point I can verify comes from the first quarter of 2025. Confluent reported revenue of $271.12 million, up 24.8% year over year, and adjusted EPS of $0.08 against a $0.07 consensus. The same source noted a negative net margin of 31.42%, a common profile for a growth-stage software company that reports adjusted profits while still posting GAAP losses.
I have not verified figures for later quarters, so I’m not including them. For the final public filings, the SEC’s EDGAR database is the reliable source.
What Should Former CFLT Shareholders Do Now?
- Check your account. Shares should have been converted to cash at $31 each. Confirm the deposit in your brokerage statement.
- Save the paperwork. Your cost basis and the conversion record matter for tax reporting.
- Expect a taxable event. A cash buyout is generally treated as a sale. A tax professional can tell you how it applies to your situation.
- Watch for unclaimed items. If you held shares directly (not through a broker), contact the paying agent named in the merger documents.
- Reinvest deliberately. Cash from a buyout is a good moment to revisit allocation rather than chase the next similar ticker.
This is general information, not financial or tax advice.
A Note on GFL Environmental
The custom questions attached to this topic are about GFL Environmental, a different company. GFL is a North American waste and environmental services business with no connection to Confluent, and it trades on the NYSE and TSX under the ticker GFL. Since the two are easy to mix up in searches, here is where GFL stood as of late September 2026.
GFL Stock Price Prediction
Nobody can reliably predict a stock price, and forecasts are opinions. What can be said is that S&P Global’s analyst survey showed a “Buy” consensus with an average 12-month target of $52.34 in early September 2026, against a low of $41.33 and a high of $66.22. Another tracker reported a Moderate Buy consensus and an average target of $57.60. The spread between sources shows why treating any single number as gospel is risky.
GFL Stock Price Target
Targets vary by analyst and date. Wolfe Research reaffirmed an Outperform rating with a $77 target, on the high side. Firms like Scotiabank and Barclays have also published targets in the high $50s in recent months, according to news summaries. The consensus figures above are more useful than any one outlier.
GFL Stock News
GFL announced on September 1, 2026 that it closed its acquisition of SECURE Waste Infrastructure. Second-quarter revenue rose 16.3% to C$1.84 billion, the company raised its full-year outlook for the second time, and it scheduled third-quarter results for October 28. The shares closed at $42.26 on September 25, within a 52-week range of $33.33 to $47.66.
GFL Stock: Buy or Sell?
I can’t give a personal recommendation. The case for buying rests on double-digit revenue growth and a consensus Buy rating. The case for caution includes a recent quarterly EPS of $0.14 that missed the $0.17 consensus and integration risk from the SECURE deal. Your time horizon and risk tolerance should decide, ideally with input from a licensed advisor.
GFL Environmental Investor Relations
The company’s official investor relations section, reachable from GFL’s corporate website, hosts earnings releases, presentations and filings. For regulatory documents, the SEC’s EDGAR system and Canada’s SEDAR+ are the primary sources.
GFL Environmental News
For headlines, use the company’s press releases (distributed via PR Newswire) and the earnings calendar. The next scheduled catalyst is the October 28 results release.
Bottom Line
CFLT stock’s story is finished: a 2021 listing, a long decline, then a $31 per share cash exit that IBM completed on March 17, 2026. If you held shares, the money should already have arrived. If you’re researching the company, the useful record now lives in old filings and Confluent’s role inside IBM’s data and AI business.
Frequently Asked Questions
What is the GFL stock price prediction?
No one can reliably predict a stock price. As of early September 2026, S&P Global’s analyst survey showed a Buy consensus with an average 12-month target of $52.34, a low of $41.33, and a high of $66.22. Another tracker reported a Moderate Buy consensus and an average target of $57.60. Investors should treat any single forecast as an opinion rather than a guarantee.
What is the GFL stock price target?
GFL stock price targets vary by analyst. Consensus averages reported in September 2026 ranged from about $52 to $58, while Wolfe Research reaffirmed an Outperform rating with a $77 target. Investors may want to consider consensus figures alongside individual analyst estimates rather than relying on a single outlier target.
What is the latest GFL stock news?
GFL Environmental announced on September 1, 2026, that it had closed its acquisition of SECURE Waste Infrastructure. Second-quarter revenue rose 16.3% to C$1.84 billion, the company raised its full-year outlook, and third-quarter results are scheduled for October 28, 2026. The stock closed at $42.26 on September 25, 2026.
Is GFL stock a buy or sell?
This is not personal investment advice. Supporters point to double-digit revenue growth and a consensus Buy rating, while cautious investors point to a recent earnings-per-share miss and integration risk from the SECURE acquisition. Investors should consider their own goals and risk tolerance and may wish to consult a licensed financial advisor.
Where can I find GFL Environmental investor relations information?
GFL Environmental hosts earnings releases, presentations, and filings in the investor relations section of its corporate website. Regulatory filings are also available through the SEC’s EDGAR system and Canada’s SEDAR+.
Where can I find the latest GFL Environmental news?
Investors can follow GFL Environmental’s official press releases and earnings calendar for company updates. The next scheduled event is the third-quarter 2026 results release on October 28, 2026.
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