Insider Selling: Confluent (NASDAQ:CFLT) Director Sells 40,000 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) Director Neha Narkhede sold 40,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $29.77, for a total transaction of $1,190,800.00. Following the completion of the sale, the director owned 28,549 shares in the company, valued at approximately $849,903.73. This trade represents a 58.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Neha Narkhede also recently made the following trade(s):

• On Monday, December 1st, Neha Narkhede sold 30,000 shares of Confluent stock. The stock was sold at an average price of $22.15, for a total transaction of $664,500.00.
• On Monday, November 3rd, Neha Narkhede sold 30,000 shares of Confluent stock. The stock was sold at an average price of $23.57, for a total transaction of $707,100.00.
• On Wednesday, October 29th, Neha Narkhede sold 30,000 shares of Confluent stock. The stock was sold at an average price of $23.65, for a total transaction of $709,500.00.

Confluent Price Performance

Confluent stock traded up $0.10 during mid-day trading on Wednesday, hitting $30.00. The company’s stock had a trading volume of 31,079,093 shares, compared to its average volume of 7,772,174. The stock has a market capitalization of $10.49 billion, a P/E ratio of -33.33 and a beta of 0.99. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. The stock’s fifty day moving average price is $22.84 and its two-hundred day moving average price is $22.14. 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 (NASDAQ:CFLT) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $298.52 million during the quarter, compared to the consensus estimate of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. Research analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

Institutional Investors Weigh In On Confluent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFLT. Vanguard Group Inc. increased its position in Confluent by 10.5% during the third quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company’s stock worth $620,675,000 after buying an additional 2,970,708 shares during the last quarter. Altimeter Capital Management LP boosted its stake in shares of Confluent by 11.0% during the 1st quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company’s stock worth $305,706,000 after acquiring an additional 1,295,710 shares in the last quarter. Champlain Investment Partners LLC raised its stake in shares of Confluent by 6.7% in the 2nd quarter. Champlain Investment Partners LLC now owns 11,590,026 shares of the company’s stock valued at $288,939,000 after acquiring an additional 727,943 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Confluent by 3.8% in the 2nd quarter. William Blair Investment Management LLC now owns 9,639,102 shares of the company’s stock worth $240,303,000 after purchasing an additional 356,277 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Confluent by 1.7% during the second quarter. Franklin Resources Inc. now owns 8,592,443 shares of the company’s stock worth $214,210,000 after purchasing an additional 143,232 shares during the period. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Analyst Ratings Changes

CFLT has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Confluent from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. UBS Group downgraded shares of Confluent from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $29.00 to $31.00 in a research report on Tuesday. Barclays upped their price target on shares of Confluent from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Citigroup raised their price objective on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, FBN Securities reissued an “outperform” rating and set a $28.00 target price on shares of Confluent in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.