Key Points
- Confluent CFO Rohan Sivaram sold 3,000 shares on December 8 at an average price of $29.84 for $89,520, leaving him with 588,738 shares (about $17.57M), a 0.51% reduction in his stake.
- Sivaram has been selling repeatedly this quarter — 6,000 (Oct 29), 25,858 (Nov 20), 8,000 (Dec 1) and 3,000 (Dec 8) — totaling 42,858 shares sold in recent transactions.
- Shares traded at $30.11 (up 0.4%) with a $10.53B market cap; Confluent beat recent quarterly EPS and saw revenue rise 19.3% YoY, but analysts' consensus rating is Hold with a $28.71 average price target.
Confluent, Inc. (NASDAQ:CFLT - Get Free Report) CFO Rohan Sivaram sold 3,000 shares of Confluent stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $29.84, for a total value of $89,520.00. Following the transaction, the chief financial officer owned 588,738 shares in the company, valued at approximately $17,567,941.92. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Rohan Sivaram also recently made the following trade(s):
- On Monday, December 1st, Rohan Sivaram sold 8,000 shares of Confluent stock. The stock was sold at an average price of $22.12, for a total value of $176,960.00.
- On Thursday, November 20th, Rohan Sivaram sold 25,858 shares of Confluent stock. The shares were 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.
Confluent Stock Up 0.4%
CFLT stock traded up $0.11 during mid-day trading on Thursday, hitting $30.11. 5,861,620 shares of the company were exchanged, compared to its average volume of 7,757,094. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. Confluent, Inc. has a 1-year low of $15.64 and a 1-year high of $37.90. The firm's 50 day simple moving average is $23.04 and its 200 day simple moving average is $22.19. The firm has a market cap of $10.53 billion, a P/E ratio of -33.43 and a beta of 0.99.
Confluent (NASDAQ:CFLT - Get Free Report) last released its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The firm had revenue of $298.52 million for the quarter, compared to the consensus estimate of $292.69 million. During the same quarter last year, the business posted $0.10 EPS. The company's revenue for the quarter 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. On average, sell-side analysts predict that Confluent, Inc. will post -0.83 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered Confluent from an "outperform" rating to a "sector perform" rating and increased their target price for the stock from $30.00 to $31.00 in a research note on Tuesday. Mizuho downgraded Confluent from a "strong-buy" rating to a "hold" rating in a research report on Monday. Citigroup increased their price target on Confluent from $26.00 to $31.00 and gave the company a "neutral" rating in a research note on Tuesday. Cowen restated a "hold" rating on shares of Confluent in a report on Tuesday, October 28th. Finally, Evercore ISI set a $31.00 price target on shares of Confluent in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $28.71.
Read Our Latest Analysis on Confluent
Institutional Investors Weigh In On Confluent
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in shares of Confluent by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 86,477 shares of the company's stock valued at $1,712,000 after acquiring an additional 536 shares in the last quarter. Xponance Inc. increased its stake in shares of Confluent by 1.8% in the 3rd quarter. Xponance Inc. now owns 40,399 shares of the company's stock valued at $800,000 after purchasing an additional 723 shares in the last quarter. AlphaQuest LLC lifted its stake in Confluent by 21.7% in the 2nd quarter. AlphaQuest LLC now owns 4,636 shares of the company's stock valued at $116,000 after buying an additional 826 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in Confluent by 8.7% in the 3rd quarter. Perigon Wealth Management LLC now owns 10,775 shares of the company's stock worth $213,000 after purchasing an additional 866 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Confluent by 7.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 13,880 shares of the company's stock valued at $346,000 after buying an additional 993 shares during the period. 78.09% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
