Key Points
- CEO sale: Edward Jay Kreps sold 270,207 shares on Feb. 20 at an average of $30.70 (≈$8.3M), cutting his direct stake by about 47% to 301,660 shares.
- Wider insider liquidity: Other senior executives (CFO, CRO, CAO) also trimmed positions and Kreps made prior large sales in December, indicating sustained insider selling that may pressure sentiment.
- Mixed fundamentals: Confluent beat Q4 estimates with $0.12 EPS and $314.8M revenue (+20.5% YoY) but remains unprofitable (net margin -25.3%) and analysts expect a -0.83 EPS for the year.
Confluent, Inc. (NASDAQ:CFLT - Get Free Report) CAO Kong Phan sold 2,277 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $30.70, for a total value of $69,903.90. Following the sale, the chief accounting officer directly owned 218,228 shares of the company's stock, valued at $6,699,599.60. This represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Kong Phan also recently made the following trade(s):
- On Monday, December 22nd, Kong Phan sold 4,545 shares of Confluent stock. The stock was sold at an average price of $29.96, for a total transaction of $136,168.20.
- On Monday, December 8th, Kong Phan sold 3,841 shares of Confluent stock. The stock was sold at an average price of $29.84, for a total transaction of $114,615.44.
Confluent Trading Down 0.2%
Shares of NASDAQ CFLT opened at $30.63 on Wednesday. The company's 50 day simple moving average is $30.39 and its 200 day simple moving average is $24.73. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $33.00. The firm has a market capitalization of $10.95 billion, a P/E ratio of -35.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.83 and a quick ratio of 3.83.
Confluent (NASDAQ:CFLT - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $314.82 million during the quarter, compared to analysts' expectations of $308.03 million. Confluent had a negative net margin of 25.31% and a negative return on equity of 22.66%. The business's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. On average, analysts predict that Confluent, Inc. will post -0.83 EPS for the current year.
Key Headlines Impacting Confluent
Here are the key news stories impacting Confluent this week:
- Positive Sentiment: IBM acquisition mention: coverage reiterated IBM’s strategic buy of Confluent (cited at ~$11B), which supports a takeover-premium narrative and longer-term exit/value realization for shareholders. IBM/Confluent acquisition release
- Positive Sentiment: Asset-manager endorsement: Jackson Peak Capital named Confluent a top Q4 contributor, signaling continued institutional interest and demand among some active managers. Jackson Peak Capital article
- Positive Sentiment: Partner/product momentum: a Yahoo piece highlighted Confluent’s “Sell With Confluent” partner program and positioning to capture the large data‑streaming market, reinforcing growth narrative and TAM expansion. Sell With Confluent article
- Negative Sentiment: Large insider selling by CEO Edward Kreps: sold 270,207 shares (~$8.3M) and reduced his holding ~47%, a high-profile transaction that often weighs on sentiment and price. SEC filing: CEO Form 4
- Negative Sentiment: Multiple other executive sales: CFO Rohan Sivaram (21,503 sh), CRO Ban Ryan Norris Mac (combined ~31,273 sh across filings), and CAO Kong Phan (2,277 sh) trimmed positions — collective insider liquidity events can trigger short-term selling pressure. SEC filings: CFO CFO Form 4; CRO CRO Form 4; CAO CAO Form 4
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on CFLT shares. DA Davidson restated a "neutral" rating and set a $31.00 target price (up from $29.00) on shares of Confluent in a research report on Monday, December 8th. Citizens Jmp lowered shares of Confluent from an "outperform" rating to a "market perform" rating in a research note on Friday, January 9th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $31.00 target price on shares of Confluent in a research note on Monday, December 8th. Oppenheimer lowered shares of Confluent from an "outperform" rating to a "market perform" rating in a report on Tuesday, December 9th. Finally, Stifel Nicolaus boosted their price target on shares of Confluent from $21.00 to $25.00 and gave the company a "hold" rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $28.71.
Get Our Latest Stock Report on Confluent
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. HBK Investments L P bought a new stake in shares of Confluent during the fourth quarter worth $453,600,000. Norges Bank bought a new position in Confluent during the 4th quarter worth about $265,669,000. Jericho Capital Asset Management L.P. bought a new position in Confluent during the 3rd quarter worth about $163,667,000. AQR Capital Management LLC raised its stake in shares of Confluent by 3,646.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,904,459 shares of the company's stock valued at $97,108,000 after purchasing an additional 4,773,548 shares during the period. Finally, KRYGER CAPITAL Ltd bought a new stake in shares of Confluent in the fourth quarter valued at about $113,400,000. Institutional investors and hedge funds own 78.09% of the company's stock.
About Confluent
(
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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