Confluent (NASDAQ:CFLT) CAO Kong Phan Sells 3,841 Shares

Confluent, Inc. (NASDAQ:CFLT) CAO Kong Phan sold 3,841 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $29.84, for a total value of $114,615.44. Following the completion of the sale, the chief accounting officer owned 225,050 shares of the company’s stock, valued at approximately $6,715,492. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kong Phan also recently made the following trade(s):

• On Thursday, November 20th, Kong Phan sold 2,640 shares of Confluent stock. The stock was sold at an average price of $22.51, for a total value of $59,426.40.
• On Wednesday, October 29th, Kong Phan sold 1,003 shares of Confluent stock. The shares were sold at an average price of $24.00, for a total transaction of $24,072.00.
• On Monday, September 22nd, Kong Phan sold 4,544 shares of Confluent stock. The stock was sold at an average price of $19.87, for a total transaction of $90,289.28.

Confluent Stock Up 0.3%

NASDAQ:CFLT opened at $30.09 on Thursday. The company has a current ratio of 4.01, a quick 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 cap of $10.52 billion, a PE ratio of -33.43 and a beta of 0.99. The company’s 50 day moving average is $23.04 and its two-hundred day moving average is $22.19.

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 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 firm had revenue of $298.52 million for the quarter, compared to analyst estimates of $292.69 million. During the same period in the previous year, the company earned $0.10 earnings per share. The business’s quarterly 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. Analysts anticipate that Confluent, Inc. will post -0.83 EPS for the current year.

Institutional Investors Weigh In On Confluent

A number of hedge funds and other institutional investors have recently made changes to their positions in CFLT. Quarry LP purchased a new position in shares of Confluent during the 3rd quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its position in Confluent by 252.3% during the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock valued at $36,000 after buying an additional 1,037 shares during the period. Danske Bank A S acquired a new stake in Confluent during the third quarter valued at $34,000. True Wealth Design LLC purchased a new position in Confluent in the third quarter valued at $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Confluent in the second quarter worth about $49,000. Institutional investors and hedge funds own 78.09% of the company’s stock.

Wall Street Analyst Weigh In

CFLT has been the topic of a number of research reports. FBN Securities reissued an “outperform” rating and issued a $28.00 price objective on shares of Confluent in a report on Tuesday, October 28th. UBS Group lowered Confluent from a “buy” rating to a “neutral” rating and upped their target price for the company from $29.00 to $31.00 in a research report on Tuesday. Wolfe Research downgraded shares of Confluent from an “outperform” rating to a “hold” rating in a report on Monday. Citigroup raised their price target on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Guggenheim downgraded shares of Confluent from a “buy” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Confluent presently has a consensus rating of “Hold” and a consensus target price of $28.71.

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.