Franklin Resources Inc. Grows Position in Confluent, Inc. $CFLT

Franklin Resources Inc. boosted its stake in shares of Confluent, Inc. (NASDAQ:CFLT) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,592,443 shares of the company’s stock after buying an additional 143,232 shares during the quarter. Franklin Resources Inc. owned 2.49% of Confluent worth $214,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CFLT. Vanguard Group Inc. lifted its position in shares of Confluent by 7.2% during the first quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock worth $623,976,000 after purchasing an additional 1,791,588 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Confluent by 28.5% in the second quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock valued at $6,507,000 after purchasing an additional 57,928 shares in the last quarter. Nuveen LLC purchased a new stake in Confluent during the 1st quarter worth approximately $28,791,000. Coronation Fund Managers Ltd. acquired a new stake in Confluent during the 2nd quarter worth approximately $10,250,000. Finally, Blair William & Co. IL lifted its holdings in Confluent by 8.6% during the 2nd quarter. Blair William & Co. IL now owns 160,575 shares of the company’s stock worth $4,003,000 after buying an additional 12,654 shares in the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Confluent news, CFO Rohan Sivaram sold 6,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $23.76, for a total transaction of $142,560.00. Following the completion of the transaction, the chief financial officer owned 625,596 shares in the company, valued at approximately $14,864,160.96. This represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Neha Narkhede sold 153,200 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the completion of the sale, the director owned 28,549 shares of the company’s stock, valued at $566,697.65. This trade represents a 84.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 757,872 shares of company stock worth $15,998,727 in the last ninety days. Insiders own 9.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Needham & Company LLC decreased their target price on Confluent from $26.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Confluent in a research report on Tuesday, October 28th. Piper Sandler lifted their price objective on Confluent from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Wolfe Research reissued an “outperform” rating and set a $32.00 price objective on shares of Confluent in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus upped their target price on shares of Confluent from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Confluent currently has an average rating of “Moderate Buy” and an average target price of $27.97.

Confluent Price Performance

CFLT stock opened at $20.73 on Friday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $7.25 billion, a P/E ratio of -23.03 and a beta of 0.98. The business has a 50 day simple moving average of $21.93 and a 200-day simple moving average of $21.99. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90.

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

Confluent 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.