Insider Selling: Confluent (NASDAQ:CFLT) CRO Sells 15,062 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) CRO Ban Ryan Norris Mac sold 15,062 shares of the company’s stock in a transaction on 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 sale, the executive directly owned 381,064 shares in the company, valued at approximately $8,577,750.64. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ban Ryan Norris Mac also recently made the following trade(s):

• On Monday, September 22nd, Ban Ryan Norris Mac sold 1,219 shares of Confluent stock. The shares were sold at an average price of $19.87, for a total value of $24,221.53.

Confluent Stock Up 1.6%

Shares of NASDAQ:CFLT traded up $0.33 during midday trading on Monday, reaching $21.06. The company’s stock had a trading volume of 4,898,403 shares, compared to its average volume of 6,946,294. The firm has a 50 day moving average of $21.93 and a 200-day moving average of $22.00. The firm has a market capitalization of $7.37 billion, a P/E ratio of -23.40 and a beta of 0.98. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. Confluent, Inc. has a 12-month low of $15.64 and a 12-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 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 company had revenue of $298.52 million during the quarter, compared to analysts’ expectations of $292.69 million. During the same period last year, the company posted $0.10 EPS. Confluent’s revenue was up 19.3% on a year-over-year basis. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CFLT. Quarry LP bought a new stake in shares of Confluent during the 3rd quarter valued at about $26,000. Danske Bank A S purchased a new position in shares of Confluent in the third quarter worth approximately $34,000. Farther Finance Advisors LLC grew its position in Confluent by 252.3% during the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock valued at $36,000 after buying an additional 1,037 shares during the period. True Wealth Design LLC purchased a new stake in Confluent during the third quarter valued at approximately $36,000. Finally, Ramirez Asset Management Inc. purchased a new stake in Confluent during the third quarter valued at approximately $40,000. 78.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CFLT. Zacks Research raised Confluent from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Robert W. Baird lifted their price objective on Confluent from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Morgan Stanley boosted their target price on Confluent from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. New Street Research set a $29.00 price target on Confluent in a report on Thursday, October 30th. Finally, Piper Sandler upped their price target on shares of Confluent from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Confluent has an average rating of “Moderate Buy” and a consensus price target of $27.97.

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.