Key Points
- Director Neha Narkhede sold 30,000 shares of Confluent on Dec. 1 at an average of $22.15 for $664,500, reducing her stake by 51.24% to 28,549 shares.
- The Dec. 1 sale is part of a string of insider disposals (30,000 on Nov. 3, 30,000 on Oct. 29 and 153,200 on Sept. 9), totaling 243,200 shares sold since September.
- Confluent recently beat quarterly EPS estimates ($0.13 vs. $0.10) with revenue up 19.3%, but remains unprofitable (negative net margin and ROE); analysts have a “Moderate Buy” consensus and an average price target of $27.97.
Confluent, Inc. (NASDAQ:CFLT - Get Free Report) CFO Rohan Sivaram sold 8,000 shares of the business's stock in a transaction on Monday, December 1st. The shares were sold at an average price of $22.12, for a total transaction of $176,960.00. Following the sale, the chief financial officer owned 591,738 shares of the company's stock, valued at approximately $13,089,244.56. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Rohan Sivaram also recently made the following trade(s):
- On Thursday, November 20th, Rohan Sivaram sold 25,858 shares of Confluent stock. The stock was sold at an average price of $22.51, for a total value of $582,063.58.
- On Wednesday, October 29th, Rohan Sivaram sold 6,000 shares of Confluent stock. The shares were sold at an average price of $23.76, for a total value of $142,560.00.
- On Monday, September 8th, Rohan Sivaram sold 5,000 shares of Confluent stock. The stock was sold at an average price of $20.00, for a total value of $100,000.00.
Confluent Trading Up 2.6%
Confluent stock opened at $23.65 on Thursday. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The company has a market cap of $8.27 billion, a P/E ratio of -26.28 and a beta of 0.99. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. The business has a 50-day simple moving average of $22.29 and a two-hundred day simple moving average of $22.00.
Confluent (NASDAQ:CFLT - Get Free Report) last released its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $298.52 million for the quarter, compared to the consensus estimate of $292.69 million. During the same period last year, the firm earned $0.10 earnings per share. The company's quarterly revenue was up 19.3% on a year-over-year basis. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. Analysts predict that Confluent, Inc. will post -0.83 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on CFLT shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Confluent in a report on Wednesday, October 8th. Barclays boosted their price objective on Confluent from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, October 28th. Zacks Research upgraded shares of Confluent from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Wells Fargo & Company upped their target price on shares of Confluent from $24.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, October 28th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $30.00 price target on shares of Confluent in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.97.
Get Our Latest Research Report on CFLT
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Confluent in the third quarter worth about $26,000. Danske Bank A S purchased a new position in Confluent during the 3rd quarter valued at approximately $34,000. Farther Finance Advisors LLC increased its stake in Confluent by 252.3% in the 2nd 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 bought a new stake in Confluent in the 3rd quarter worth approximately $36,000. Finally, Ramirez Asset Management Inc. purchased a new stake in shares of Confluent during the 3rd quarter worth approximately $40,000. Institutional investors own 78.09% of the company's stock.
About Confluent
(
Get Free Report)
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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