Insider Selling: Confluent (NASDAQ:CFLT) Director Sells $1,190,800.00 in Stock

Confluent, Inc. (NASDAQ:CFLT) Director Neha Narkhede sold 40,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $29.77, for a total value of $1,190,800.00. Following the sale, the director directly owned 28,549 shares in the company, valued at $849,903.73. This trade represents a 58.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Neha Narkhede also recently made the following trade(s):

• On Wednesday, December 10th, Neha Narkhede sold 23,100 shares of Confluent stock. The shares were sold at an average price of $30.00, for a total transaction of $693,000.00.
• On Monday, December 1st, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $22.15, for a total transaction of $664,500.00.
• On Monday, November 3rd, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $23.57, for a total transaction of $707,100.00.
• On Wednesday, October 29th, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $23.65, for a total transaction of $709,500.00.

Confluent Trading Down 0.3%

NASDAQ:CFLT opened at $30.05 on Friday. The company has a market cap of $10.51 billion, a PE ratio of -33.39 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 company has a 50 day simple moving average of $23.43 and a two-hundred day simple moving average of $22.30. 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 data on Monday, October 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.Confluent’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. Research analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. US Bancorp DE lifted its position in shares of Confluent by 154.2% in the first quarter. US Bancorp DE now owns 10,718 shares of the company’s stock worth $251,000 after buying an additional 6,502 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Confluent by 39.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company’s stock worth $95,000 after acquiring an additional 1,143 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Confluent by 7.2% during 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 in the last quarter. Swiss National Bank grew its holdings in shares of Confluent by 1.7% in the first quarter. Swiss National Bank now owns 475,100 shares of the company’s stock valued at $11,136,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Confluent in the first quarter valued at $514,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CFLT shares. New Street Research set a $29.00 price objective on shares of Confluent in a research note on Thursday, October 30th. Citigroup increased their price target on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday. DA Davidson restated a “neutral” rating and issued a $31.00 price objective (up from $29.00) on shares of Confluent in a research note on Monday. Stephens lifted their target price on Confluent from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Finally, Wolfe Research lowered Confluent from an “outperform” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.71.

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.