Confluent (NASDAQ:CFLT) CRO Ban Ryan Norris Mac Sells 3,053 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) CRO Ban Ryan Norris Mac sold 3,053 shares of Confluent stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $29.96, for a total transaction of $91,467.88. Following the completion of the transaction, the executive directly owned 332,679 shares in the company, valued at approximately $9,967,062.84. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Monday, December 22nd, Ban Ryan Norris Mac sold 1,218 shares of Confluent stock. The shares were sold at an average price of $29.96, for a total transaction of $36,491.28.
• 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 transaction 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 Stock Up 0.3%

NASDAQ CFLT opened at $30.05 on Wednesday. Confluent, Inc. has a 1 year low of $15.64 and a 1 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. 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 business’s 50-day moving average is $24.49 and its 200 day moving average is $22.62.

Confluent (NASDAQ:CFLT) last released its quarterly earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 25.40% and a negative net margin of 27.32%.Confluent’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Sell-side analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CFLT has been the subject of several research reports. Needham & Company LLC lowered shares of Confluent from a “buy” rating to a “hold” rating in a report on Monday, December 8th. Piper Sandler cut shares of Confluent from an “overweight” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Monday, December 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Confluent in a report on Monday. William Blair downgraded Confluent from an “outperform” rating to a “market perform” rating in a report on Monday, December 8th. Finally, DA Davidson reissued a “neutral” rating and issued a $31.00 target price (up previously from $29.00) on shares of Confluent in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.71.

Institutional Trading of Confluent

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jericho Capital Asset Management L.P. bought a new stake in Confluent in the third quarter worth $163,667,000. AQR Capital Management LLC raised its position in shares of Confluent by 3,646.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,904,459 shares of the company’s stock worth $97,108,000 after purchasing an additional 4,773,548 shares during the last quarter. Norges Bank bought a new position in Confluent in the 2nd quarter worth about $89,736,000. Vanguard Group Inc. grew its position in Confluent by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company’s stock valued at $620,675,000 after purchasing an additional 2,970,708 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Confluent by 895.2% during the 3rd quarter. Invesco Ltd. now owns 2,408,170 shares of the company’s stock valued at $47,682,000 after purchasing an additional 2,166,196 shares in the last quarter. Hedge funds and other institutional investors own 78.09% of the company’s stock.

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.