Greenhouse Funds LLLP Grows Stake in Confluent, Inc. $CFLT

Greenhouse Funds LLLP grew its stake in shares of Confluent, Inc. (NASDAQ:CFLT) by 23.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,097,695 shares of the company’s stock after acquiring an additional 581,357 shares during the quarter. Confluent comprises approximately 3.2% of Greenhouse Funds LLLP’s portfolio, making the stock its 13th biggest position. Greenhouse Funds LLLP owned approximately 0.90% of Confluent worth $77,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Confluent during the 2nd quarter valued at about $89,736,000. 1832 Asset Management L.P. bought a new stake in shares of Confluent during the first quarter valued at approximately $48,547,000. Vanguard Group Inc. raised its holdings in Confluent by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock worth $623,976,000 after acquiring an additional 1,791,588 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in Confluent by 220.2% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company’s stock valued at $60,882,000 after acquiring an additional 1,786,116 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in Confluent during the 1st quarter valued at $39,944,000. Institutional investors own 78.09% of the company’s stock.

Analyst Upgrades and Downgrades

CFLT has been the subject of several recent analyst reports. Zacks Research upgraded Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Morgan Stanley boosted their target price on Confluent from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. UBS Group set a $28.00 price target on shares of Confluent in a report on Tuesday, October 28th. Citigroup reissued a “market outperform” rating on shares of Confluent in a report on Tuesday, October 28th. Finally, FBN Securities restated an “outperform” rating and issued a $28.00 target price on shares of Confluent in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned 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.

Insider Activity at Confluent

In other Confluent news, Director Neha Narkhede sold 153,200 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total value of $3,041,020.00. Following the completion of the sale, the director owned 28,549 shares in the company, valued at $566,697.65. This represents a 84.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Ban Ryan Norris Mac sold 15,062 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $22.51, for a total value of $339,045.62. Following the completion of the transaction, the executive directly owned 381,064 shares in the company, valued at $8,577,750.64. This trade represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 808,186 shares of company stock valued at $17,197,298 in the last ninety days. Corporate insiders own 13.82% of the company’s stock.

Confluent Stock Performance

Shares of NASDAQ CFLT opened at $23.06 on Wednesday. Confluent, Inc. has a 12-month low of $15.64 and a 12-month high of $37.90. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of -25.62 and a beta of 0.99. 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 firm has a 50 day moving average of $22.21 and a 200 day moving average of $21.99.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 last year, the company posted $0.10 EPS. The company’s 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 anticipate that Confluent, Inc. will post -0.83 earnings per share for the current year.

About Confluent

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.