Insider Selling: Confluent (NASDAQ:CFLT) Director Sells 15,476 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) Director Eric Vishria sold 15,476 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $29.84, for a total transaction of $461,803.84. Following the sale, the director owned 1,077,018 shares of the company’s stock, valued at approximately $32,138,217.12. The trade was a 1.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Eric Vishria also recently made the following trade(s):

• On Wednesday, October 29th, Eric Vishria sold 30,953 shares of Confluent stock. The stock was sold at an average price of $23.64, for a total value of $731,728.92.

Confluent Stock Performance

NASDAQ:CFLT traded up $0.10 on Wednesday, reaching $30.00. 31,079,093 shares of the company’s stock were exchanged, compared to its average volume of 7,772,174. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of -33.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a fifty day simple moving average of $22.84 and a 200-day simple moving average of $22.14. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90.

Confluent (NASDAQ:CFLT) last released its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. During the same period in the previous year, the business earned $0.10 EPS. 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, sell-side analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current year.

Institutional Trading of Confluent

Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its stake in shares of Confluent by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 86,477 shares of the company’s stock valued at $1,712,000 after buying an additional 536 shares during the last quarter. Xponance Inc. boosted its stake in shares of Confluent by 1.8% during the third quarter. Xponance Inc. now owns 40,399 shares of the company’s stock valued at $800,000 after purchasing an additional 723 shares during the period. AlphaQuest LLC grew its holdings in Confluent by 21.7% in the 2nd quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock worth $116,000 after acquiring an additional 826 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Confluent by 8.7% in the third quarter. Perigon Wealth Management LLC now owns 10,775 shares of the company’s stock worth $213,000 after purchasing an additional 866 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Confluent by 7.7% during the second quarter. J.W. Cole Advisors Inc. now owns 13,880 shares of the company’s stock valued at $346,000 after acquiring an additional 993 shares in the last quarter. 78.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CFLT. Zacks Research upgraded Confluent from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Needham & Company LLC lowered Confluent from a “buy” rating to a “hold” rating in a research note on Monday. FBN Securities reiterated an “outperform” rating and set a $28.00 price target on shares of Confluent in a research report on Tuesday, October 28th. Stifel Nicolaus raised their target price on shares of Confluent from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, October 28th. Finally, Truist Financial set a $31.00 price objective on shares of Confluent in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.00.

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.