Norges Bank Makes New Investment in Confluent, Inc. $CFLT

Norges Bank acquired a new stake in shares of Confluent, Inc. (NASDAQ:CFLT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,599,535 shares of the company’s stock, valued at approximately $89,736,000. Norges Bank owned 1.04% of Confluent at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in 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 buying an additional 1,037 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Confluent in the first quarter worth about $43,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Confluent during the second quarter worth about $49,000. SVB Wealth LLC bought a new stake in Confluent during the 1st quarter valued at approximately $54,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Confluent in the 2nd quarter worth approximately $67,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Rohan Sivaram sold 8,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $22.12, for a total value of $176,960.00. Following the completion of the sale, the chief financial officer directly owned 591,738 shares in the company, valued at $13,089,244.56. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Kong Phan sold 2,640 shares of Confluent stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $22.51, for a total transaction of $59,426.40. Following the transaction, the chief accounting officer directly owned 228,891 shares of the company’s stock, valued at $5,152,336.41. The trade was a 1.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 613,686 shares of company stock worth $13,700,308. 9.20% of the stock is currently owned by company insiders.

Confluent Stock Performance

Shares of NASDAQ:CFLT opened at $23.35 on Friday. The firm has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $22.01. Confluent, Inc. has a 52 week low of $15.64 and a 52 week 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 stock 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 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 net margin of 27.32% and a negative return on equity of 25.40%. The firm had revenue of $298.52 million for the quarter, compared to analysts’ expectations of $292.69 million. During the same period in the prior year, the company earned $0.10 EPS. The business’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. On average, analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Confluent in a report on Wednesday, October 8th. The Goldman Sachs Group raised their target price on shares of Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Morgan Stanley lifted their price target on shares of Confluent from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Raymond James Financial reissued an “outperform” rating and set a $30.00 price objective (up previously from $25.00) on shares of Confluent in a report on Tuesday, October 28th. Finally, Wells Fargo & Company raised their price objective on Confluent from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Confluent currently has an average rating of “Moderate Buy” and an average target price of $27.97.

About Confluent

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.