Hsbc Holdings PLC Acquires 211,360 Shares of Confluent, Inc. $CFLT

Hsbc Holdings PLC lifted its holdings in shares of Confluent, Inc. (NASDAQ:CFLT) by 655.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,596 shares of the company’s stock after purchasing an additional 211,360 shares during the period. Hsbc Holdings PLC owned 0.07% of Confluent worth $6,013,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. 1832 Asset Management L.P. bought a new position in shares of Confluent during the 1st quarter worth approximately $48,547,000. Vanguard Group Inc. boosted its stake in Confluent by 7.2% during the first quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock worth $623,976,000 after acquiring an additional 1,791,588 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Confluent by 220.2% during the first quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company’s stock worth $60,882,000 after acquiring an additional 1,786,116 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in Confluent in the first quarter worth $39,944,000. Finally, Altimeter Capital Management LP increased its stake in Confluent by 11.0% in 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 in the last quarter. 78.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CFLT has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Confluent from $21.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, October 28th. Royal Bank Of Canada restated an “outperform” rating and set a $30.00 price target on shares of Confluent in a research note on Tuesday, October 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Confluent in a report on Wednesday, October 8th. Cowen reissued a “hold” rating on shares of Confluent in a research report on Tuesday, October 28th. Finally, Robert W. Baird lifted their price objective on shares of Confluent from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Confluent has an average rating of “Moderate Buy” and a consensus target price of $27.97.

Insider Buying and Selling

In related news, CRO Ban Ryan Norris Mac sold 15,062 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $22.51, for a total value of $339,045.62. Following the sale, the executive directly owned 381,064 shares in the company, valued at approximately $8,577,750.64. The trade was a 3.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward Jay Kreps sold 37,707 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $22.20, for a total transaction of $837,095.40. Following the sale, the chief executive officer directly owned 339,367 shares in the company, valued at approximately $7,533,947.40. This trade represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 613,686 shares of company stock worth $13,700,308 in the last quarter. 9.20% of the stock is currently owned by company insiders.

Confluent Stock Down 1.3%

Confluent stock opened at $23.35 on Friday. The firm has a 50 day moving average price of $22.37 and a 200-day moving average price of $22.01. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. The company has a market capitalization of $8.17 billion, a P/E ratio of -25.94 and a beta of 0.99.

Confluent (NASDAQ:CFLT) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share 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 business had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. During the same period in the prior year, the company earned $0.10 earnings per share. Confluent’s revenue was up 19.3% compared to the same quarter last year. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. As a group, equities analysts predict that Confluent, Inc. will post -0.83 EPS for the current year.

Confluent Company Profile

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.