Confluent (NASDAQ:CFLT) CAO Sells $114,615.44 in Stock

Confluent, Inc. (NASDAQ:CFLT) CAO Kong Phan sold 3,841 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $29.84, for a total value of $114,615.44. Following the transaction, the chief accounting officer owned 225,050 shares of the company’s stock, valued at $6,715,492. This trade represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kong Phan also recently made the following trade(s):

• On Thursday, November 20th, Kong Phan sold 2,640 shares of Confluent stock. The shares were sold at an average price of $22.51, for a total transaction of $59,426.40.
• On Wednesday, October 29th, Kong Phan sold 1,003 shares of Confluent stock. The stock was sold at an average price of $24.00, for a total transaction of $24,072.00.
• On Monday, September 22nd, Kong Phan sold 4,544 shares of Confluent stock. The stock was sold at an average price of $19.87, for a total transaction of $90,289.28.

Confluent Trading Up 0.3%

Shares of CFLT traded up $0.10 during trading hours on Wednesday, hitting $30.00. 31,079,093 shares of the stock were exchanged, compared to its average volume of 7,772,174. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The business has a 50-day moving average of $22.84 and a 200-day moving average of $22.14. The firm has a market capitalization of $10.49 billion, a P/E ratio of -33.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The business had revenue of $298.52 million for the quarter, compared to analysts’ expectations of $292.69 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. On average, research analysts expect that Confluent, Inc. will post -0.83 EPS for the current year.

Hedge Funds Weigh In On Confluent

A number of hedge funds and other institutional investors have recently modified their holdings of CFLT. Jericho Capital Asset Management L.P. purchased a new stake in Confluent during the 3rd quarter worth about $163,667,000. AQR Capital Management LLC grew its holdings in Confluent by 3,646.4% during the 3rd quarter. AQR Capital Management LLC now owns 4,904,459 shares of the company’s stock valued at $97,108,000 after buying an additional 4,773,548 shares in the last quarter. Norges Bank bought a new stake in shares of Confluent during the second quarter valued at about $89,736,000. Vanguard Group Inc. lifted its holdings in shares of Confluent by 10.5% in the third quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company’s stock worth $620,675,000 after buying an additional 2,970,708 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Confluent by 895.2% in the third quarter. Invesco Ltd. now owns 2,408,170 shares of the company’s stock valued at $47,682,000 after acquiring an additional 2,166,196 shares during the period. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Analyst Ratings Changes

CFLT has been the subject of several recent analyst reports. Canaccord Genuity Group cut Confluent from a “buy” rating to a “hold” rating and raised their target price for the stock from $27.00 to $31.00 in a research note on Monday. Robert W. Baird increased their price target on Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday. Needham & Company LLC lowered shares of Confluent from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of Confluent and gave the company a “hold” rating in a research report on Monday. Finally, Citigroup raised their price target on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Confluent Company Profile

Confluent, Inc operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software.