Ban Ryan Norris Mac Sells 1,218 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) CRO Ban Ryan Norris Mac sold 1,218 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $29.96, for a total transaction of $36,491.28. Following the completion of the transaction, the executive owned 335,732 shares of the company’s stock, valued at approximately $10,058,530.72. The trade was a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ban Ryan Norris Mac also recently made the following trade(s):

• On Tuesday, December 23rd, Ban Ryan Norris Mac sold 3,053 shares of Confluent stock. The shares were sold at an average price of $29.96, for a total transaction of $91,467.88.
• On Monday, December 8th, Ban Ryan Norris Mac sold 44,114 shares of Confluent stock. The shares were sold at an average price of $29.77, for a total value of $1,313,273.78.
• On Thursday, November 20th, Ban Ryan Norris Mac sold 15,062 shares of Confluent stock. The shares were sold at an average price of $22.51, for a total transaction of $339,045.62.

Confluent Trading Up 0.3%

CFLT stock traded up $0.10 during mid-day trading on Tuesday, reaching $30.05. 4,263,984 shares of the stock traded hands, compared to its average volume of 19,334,358. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. The business has a 50-day moving average price of $24.49 and a two-hundred day moving average price of $22.62. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90. The stock has a market capitalization of $10.51 billion, a PE ratio of -33.39 and a beta of 0.99.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Equities research analysts expect that Confluent, Inc. will post -0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Oppenheimer lowered Confluent from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 9th. Morgan Stanley upped their target price on Confluent from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. DA Davidson restated a “neutral” rating and issued a $31.00 target price (up from $29.00) on shares of Confluent in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on Confluent and gave the company a “hold” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Confluent in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Confluent currently has an average rating of “Hold” and an average price target of $28.71.

Hedge Funds Weigh In On Confluent

Several hedge funds have recently bought and sold shares of CFLT. Allworth Financial LP grew its position in Confluent by 763.7% in the 3rd quarter. Allworth Financial LP now owns 4,042 shares of the company’s stock valued at $80,000 after purchasing an additional 3,574 shares during the period. IFP Advisors Inc raised its stake in shares of Confluent by 53.3% in the third quarter. IFP Advisors Inc now owns 7,221 shares of the company’s stock worth $143,000 after buying an additional 2,510 shares during the period. Swiss Life Asset Management Ltd purchased a new position in shares of Confluent in the third quarter worth $246,000. Caerus Investment Advisors LLC purchased a new stake in shares of Confluent during the 3rd quarter valued at about $270,000. Finally, Danske Bank A S purchased a new stake in shares of Confluent in the third quarter worth approximately $34,000. 78.09% of the stock is owned by institutional investors.

Confluent Company Profile

Confluent, Inc (NASDAQ: CFLT) is a leading provider of an event streaming platform built on Apache Kafka. The company’s flagship offerings include Confluent Platform—a self-managed software solution—and Confluent Cloud, a fully managed service designed to simplify real-time data processing across hybrid and multi-cloud environments. These products enable enterprises to collect, process and distribute high volumes of data in real time, supporting use cases such as fraud detection, supply chain optimization and personalized customer experiences.

Founded in 2014 by Apache Kafka co-creators Jay Kreps, Neha Narkhede and Jun Rao, Confluent has driven the commercialization of Kafka technologies and extended the platform with tools for data integration, stream processing and enterprise-grade security.