Key Points
- Confluent CEO Edward Jay Kreps sold 232,500 shares on Dec. 15 at an average of $30.10 for about $6.998M, leaving him with 339,367 shares — a ~40.66% reduction in his ownership.
- The Dec. 15 sale is part of a string of recent dispositions (Dec. 12: 506,000 shares at $30.04; Nov. 13: 232,500 at $23.53; Nov. 20: 37,707 at $22.20), indicating substantial insider selling.
- By way of context, Confluent trades near $29.96 with a market cap of about $10.5B; it recently beat EPS and grew revenue ~19.3% year-over-year but remains unprofitable, and analysts’ consensus is a “Hold” with a $28.71 target.
Confluent, Inc. (NASDAQ:CFLT - Get Free Report) CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $30.10, for a total transaction of $6,998,250.00. Following the completion of the sale, the chief executive officer owned 339,367 shares in the company, valued at $10,214,946.70. This represents a 40.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Edward Jay Kreps also recently made the following trade(s):
- On Friday, December 12th, Edward Jay Kreps sold 506,000 shares of Confluent stock. The shares were sold at an average price of $30.04, for a total transaction of $15,200,240.00.
- On Thursday, November 20th, Edward Jay Kreps sold 37,707 shares of Confluent stock. The stock was sold at an average price of $22.20, for a total transaction of $837,095.40.
- On Thursday, November 13th, Edward Jay Kreps sold 232,500 shares of Confluent stock. The shares were sold at an average price of $23.53, for a total transaction of $5,470,725.00.
Confluent Price Performance
CFLT opened at $29.96 on Wednesday. The stock has a market cap of $10.48 billion, a P/E ratio of -33.29 and a beta of 0.99. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. 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 company has a fifty day simple moving average of $23.79 and a 200 day simple moving average of $22.40.
Confluent (NASDAQ:CFLT - Get Free Report) last posted its earnings results 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. 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 during the quarter, compared to analysts' expectations of $292.69 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The company's 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. On average, research analysts expect that Confluent, Inc. will post -0.83 EPS for the current year.
Hedge Funds Weigh In On Confluent
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Confluent by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company's stock valued at $620,675,000 after acquiring an additional 2,970,708 shares in the last quarter. Altimeter Capital Management LP boosted its position in Confluent by 11.0% during the first quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company's stock valued at $305,706,000 after purchasing an additional 1,295,710 shares during the last quarter. Champlain Investment Partners LLC grew its stake in Confluent by 6.7% in the second quarter. Champlain Investment Partners LLC now owns 11,590,026 shares of the company's stock valued at $288,939,000 after purchasing an additional 727,943 shares in the last quarter. William Blair Investment Management LLC grew its stake in Confluent by 3.8% in the second quarter. William Blair Investment Management LLC now owns 9,639,102 shares of the company's stock valued at $240,303,000 after purchasing an additional 356,277 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Confluent by 1.7% during the 2nd quarter. Franklin Resources Inc. now owns 8,592,443 shares of the company's stock worth $214,210,000 after purchasing an additional 143,232 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have commented on CFLT shares. Cowen restated a "hold" rating on shares of Confluent in a report on Tuesday, October 28th. Piper Sandler cut shares of Confluent from an "overweight" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research report on Monday, December 8th. Guggenheim lowered shares of Confluent from a "buy" rating to a "hold" rating in a research note on Tuesday, December 9th. Royal Bank Of Canada downgraded Confluent from an "outperform" rating to a "sector perform" rating and lifted their price target for the company from $30.00 to $31.00 in a research note on Tuesday, December 9th. Finally, Needham & Company LLC lowered Confluent from a "buy" rating to a "hold" rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $28.71.
View Our Latest Report on Confluent
About Confluent
(
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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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