GSA Capital Partners LLP Makes New Investment in Confluent, Inc. $CFLT

GSA Capital Partners LLP acquired a new stake in Confluent, Inc. (NASDAQ:CFLT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,246 shares of the company’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CFLT. True Wealth Design LLC purchased a new position in Confluent during the 3rd quarter valued at about $36,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Confluent during the second quarter worth about $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Confluent in the second quarter valued at approximately $67,000. Jones Financial Companies Lllp grew its holdings in shares of Confluent by 250.6% in the third quarter. Jones Financial Companies Lllp now owns 3,471 shares of the company’s stock valued at $69,000 after purchasing an additional 2,481 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in Confluent by 21.7% during the 2nd quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock worth $116,000 after buying an additional 826 shares during the period. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CFLT shares. Piper Sandler downgraded shares of Confluent from an “overweight” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Monday, December 8th. Citigroup boosted their target price on Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 9th. Guggenheim lowered Confluent from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on Confluent and gave the company a “hold” rating in a research note on Monday, December 8th. Finally, DA Davidson restated a “neutral” rating and set a $31.00 target price (up from $29.00) on shares of Confluent in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.71.

Confluent Trading Down 0.0%

NASDAQ:CFLT opened at $30.63 on Friday. Confluent, Inc. has a 1 year low of $15.64 and a 1 year high of $33.00. The stock has a market cap of $10.95 billion, a P/E ratio of -35.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.83 and a current ratio of 3.83. The stock has a 50-day simple moving average of $30.42 and a 200-day simple moving average of $24.81.

Confluent (NASDAQ:CFLT) last posted its earnings results on Wednesday, February 11th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Confluent had a negative return on equity of 22.66% and a negative net margin of 25.31%.The firm had revenue of $314.82 million during the quarter, compared to analysts’ expectations of $308.03 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The firm’s revenue was up 20.5% compared to the same quarter last year. As a group, analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Ban Ryan Norris Mac sold 19,756 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $30.66, for a total value of $605,718.96. Following the completion of the sale, the executive directly owned 358,890 shares of the company’s stock, valued at $11,003,567.40. This represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rohan Sivaram sold 21,503 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $30.70, for a total value of $660,142.10. Following the completion of the sale, the chief financial officer directly owned 561,966 shares of the company’s stock, valued at $17,252,356.20. The trade was a 3.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,539,830 shares of company stock worth $46,231,391. Corporate insiders own 9.20% of the company’s stock.

Confluent Profile

Confluent, Inc (NASDAQ: CFLT) is a leading provider of an event streaming platform built on Apache Kafka. The company’s flagship offerings include Confluent Platform—a self-managed software solution—and Confluent Cloud, a fully managed service designed to simplify real-time data processing across hybrid and multi-cloud environments. These products enable enterprises to collect, process and distribute high volumes of data in real time, supporting use cases such as fraud detection, supply chain optimization and personalized customer experiences.

Founded in 2014 by Apache Kafka co-creators Jay Kreps, Neha Narkhede and Jun Rao, Confluent has driven the commercialization of Kafka technologies and extended the platform with tools for data integration, stream processing and enterprise-grade security.