Universal Beteiligungs und Servicegesellschaft mbH Lowers Holdings in Confluent, Inc. $CFLT

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in shares of Confluent, Inc. (NASDAQ:CFLT) by 60.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,052 shares of the company’s stock after selling 52,431 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Confluent were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFLT. Farther Finance Advisors LLC boosted its position in shares of Confluent by 252.3% during the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after acquiring an additional 1,037 shares during the last quarter. True Wealth Design LLC purchased a new stake in Confluent during the third quarter valued at approximately $36,000. Elevation Point Wealth Partners LLC bought a new stake in Confluent in the second quarter worth $49,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Confluent in the 2nd quarter worth about $67,000. Finally, AlphaQuest LLC lifted its stake in Confluent by 21.7% in the second quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock worth $116,000 after purchasing an additional 826 shares during the last quarter. Institutional investors own 78.09% of the company’s stock.

Insider Buying and Selling

In other news, Director Neha Narkhede sold 40,000 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $29.77, for a total transaction of $1,190,800.00. Following the transaction, the director owned 28,549 shares in the company, valued at $849,903.73. This trade represents a 58.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward Jay Kreps sold 506,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $30.04, for a total transaction of $15,200,240.00. Following the sale, the chief executive officer directly owned 339,367 shares of the company’s stock, valued at $10,194,584.68. This represents a 59.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,357,664 shares of company stock worth $38,315,446 in the last ninety days. 13.82% of the stock is owned by corporate insiders.

Confluent Stock Down 0.1%

CFLT opened at $30.54 on Monday. The company has a fifty day moving average of $28.67 and a two-hundred day moving average of $23.77. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of -33.93 and a beta of 0.95. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial set a $31.00 price target on shares of Confluent in a report on Monday, December 8th. Oppenheimer lowered Confluent from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 9th. Sanford C. Bernstein lowered shares of Confluent from an “outperform” rating to a “market perform” rating and set a $31.00 price objective for the company. in a research note on Friday, January 23rd. Stifel Nicolaus increased their price target on Confluent from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, October 28th. Finally, Mizuho downgraded shares of Confluent from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.78.

About Confluent

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.