Key Points
- Confluent CRO Ban Ryan Norris Mac sold 3,053 shares on Dec. 23 at an average price of $29.96 (proceeds $91,467.88), leaving him with 332,679 shares valued at about $9.97M and reducing his stake by 0.91%.
- He has sold repeatedly since Nov. 20 (3-Nov–Dec transactions), disposing of a total of 63,447 shares for roughly $1.78M across the four trades.
- For context, Confluent trades near $30 with a market cap of about $10.5B, and analysts have a consensus Hold rating with a $28.71 target price.
Confluent, Inc. (NASDAQ:CFLT - Get Free Report) CRO Ban Ryan Norris Mac sold 1,218 shares of the company's stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $29.96, for a total value of $36,491.28. Following the completion of the transaction, the executive directly owned 335,732 shares of the company's stock, valued at $10,058,530.72. This represents a 0.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ban Ryan Norris Mac also recently made the following trade(s):
- On Tuesday, December 23rd, Ban Ryan Norris Mac sold 3,053 shares of Confluent stock. The shares were sold at an average price of $29.96, for a total transaction of $91,467.88.
- On Monday, December 8th, Ban Ryan Norris Mac sold 44,114 shares of Confluent stock. The stock was sold at an average price of $29.77, for a total transaction of $1,313,273.78.
- On Thursday, November 20th, Ban Ryan Norris Mac sold 15,062 shares of Confluent stock. The stock was sold at an average price of $22.51, for a total value of $339,045.62.
Confluent Stock Up 0.3%
Shares of CFLT opened at $30.05 on Wednesday. The stock's 50-day moving average price is $24.49 and its two-hundred day moving average price is $22.62. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The company has a market capitalization of $10.51 billion, a PE ratio of -33.39 and a beta of 0.99. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.98.
Confluent (NASDAQ:CFLT - Get Free Report) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.13 EPS for the quarter, topping 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 company had revenue of $298.52 million for the quarter, compared to analyst estimates of $292.69 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm'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. On average, analysts anticipate that Confluent, Inc. will post -0.83 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. William Blair lowered shares of Confluent from an "outperform" rating to a "market perform" rating in a research note on Monday, December 8th. DA Davidson reiterated a "neutral" rating and set a $31.00 price target (up from $29.00) on shares of Confluent in a report on Monday, December 8th. FBN Securities reissued an "outperform" rating and issued a $28.00 price objective on shares of Confluent in a research note on Tuesday, October 28th. Stifel Nicolaus raised their target price on Confluent from $21.00 to $25.00 and gave the stock a "hold" rating in a research note on Tuesday, October 28th. Finally, Canaccord Genuity Group lowered Confluent from a "buy" rating to a "hold" rating and boosted their price target for the company from $27.00 to $31.00 in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Confluent currently has an average rating of "Hold" and an average target price of $28.71.
Check Out Our Latest Analysis on CFLT
Institutional Trading of Confluent
Hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new position in Confluent during the third quarter worth $26,000. Danske Bank A S bought a new stake in shares of Confluent during the third quarter worth about $34,000. Farther Finance Advisors LLC raised its holdings in shares of 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 acquired a new position in Confluent during the 3rd quarter valued at about $36,000. Finally, Ramirez Asset Management Inc. bought a new stake in Confluent during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 78.09% of the company's stock.
Confluent Company Profile
(
Get Free Report)
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.
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