Key Points
- Kong Phan, Confluent’s CAO, sold 2,640 shares on Nov. 20 at an average price of $22.51 for $59,426; he now owns 228,891 shares, a 1.14% reduction in his position.
- Confluent beat Q3 expectations with $0.13 EPS vs. $0.10 expected and revenue of $298.5M (up 19.3% YoY), but remains unprofitable with negative ROE/net margin and set FY2025 EPS guidance of $0.39–$0.40.
- The stock trades around $21 with a market cap of $7.37B, and analysts have an average rating of "Moderate Buy" with a consensus price target of $27.97.
Confluent, Inc. (NASDAQ:CFLT - Get Free Report) CAO Kong Phan sold 2,640 shares of the business's stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $22.51, for a total transaction of $59,426.40. Following the transaction, the chief accounting officer owned 228,891 shares in the company, valued at approximately $5,152,336.41. The trade was a 1.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Kong Phan also recently made the following trade(s):
- On Wednesday, October 29th, Kong Phan sold 1,003 shares of Confluent stock. The shares were sold at an average price of $24.00, for a total transaction of $24,072.00.
- On Monday, September 22nd, Kong Phan sold 4,544 shares of Confluent stock. The stock was sold at an average price of $19.87, for a total value of $90,289.28.
Confluent Trading Up 1.6%
Confluent stock opened at $21.06 on Tuesday. The business has a 50 day moving average price of $21.95 and a two-hundred day moving average price of $22.00. 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. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of -23.40 and a beta of 0.98.
Confluent (NASDAQ:CFLT - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $298.52 million for the quarter, compared to analysts' expectations of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.Confluent's quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. As a group, equities analysts forecast that Confluent, Inc. will post -0.83 EPS for the current year.
Institutional Investors Weigh In On Confluent
A number of large investors have recently bought and sold shares of the business. Quarry LP bought a new position in Confluent in the 3rd quarter valued at $26,000. Farther Finance Advisors LLC increased its stake in shares of Confluent by 252.3% in 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 in the last quarter. Danske Bank A S acquired a new stake in shares of Confluent in the third quarter valued at $34,000. True Wealth Design LLC bought a new position in shares of Confluent in the third quarter valued at about $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Confluent during the 2nd quarter worth about $49,000. 78.09% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on CFLT shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Confluent in a report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of Confluent from $24.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 28th. Wolfe Research reiterated an "outperform" rating and issued a $32.00 price objective on shares of Confluent in a research note on Tuesday, October 28th. UBS Group set a $28.00 target price on Confluent in a report on Tuesday, October 28th. Finally, Needham & Company LLC decreased their price target on Confluent from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Confluent has an average rating of "Moderate Buy" and a consensus price target of $27.97.
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Confluent Company Profile
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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.
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