Confluent (NASDAQ:CFLT) CEO Edward Jay Kreps Sells 270,207 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) CEO Edward Jay Kreps sold 270,207 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $30.70, for a total transaction of $8,295,354.90. Following the sale, the chief executive officer owned 301,660 shares in the company, valued at approximately $9,260,962. This trade represents a 47.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Edward Jay Kreps also recently made the following trade(s):

• On Monday, December 15th, Edward Jay Kreps sold 232,500 shares of Confluent stock. The shares were sold at an average price of $30.10, for a total transaction of $6,998,250.00.
• On Friday, December 12th, Edward Jay Kreps sold 506,000 shares of Confluent stock. The stock was sold at an average price of $30.04, for a total transaction of $15,200,240.00.

Confluent Price Performance

Shares of NASDAQ CFLT opened at $30.63 on Wednesday. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $33.00. The company has a 50 day simple moving average of $30.39 and a two-hundred day simple moving average of $24.73. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of -35.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.83 and a current ratio of 3.83.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Confluent had a negative return on equity of 22.66% and a negative net margin of 25.31%.The firm had revenue of $314.82 million for the quarter, compared to analysts’ expectations of $308.03 million. During the same period in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts expect that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Confluent

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Confluent in the 3rd quarter worth $26,000. United Community Bank purchased a new stake in Confluent during the fourth quarter valued at $30,000. Danske Bank A S bought a new position in Confluent in the third quarter valued at about $34,000. True Wealth Design LLC purchased a new position in Confluent in the third quarter worth about $36,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Confluent during the 4th quarter valued at about $36,000. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CFLT has been the subject of a number of analyst reports. Canaccord Genuity Group lowered shares of Confluent from a “buy” rating to a “hold” rating and raised their price objective for the company from $27.00 to $31.00 in a research note on Monday, December 8th. Stephens increased their price target on shares of Confluent from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Citigroup boosted their price objective on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, December 9th. DA Davidson reiterated a “neutral” rating and set a $31.00 target price (up from $29.00) on shares of Confluent in a research note on Monday, December 8th. Finally, UBS Group lowered 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 report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Confluent presently has an average rating of “Hold” and a consensus price target of $28.71.

Key Stories Impacting Confluent

Here are the key news stories impacting Confluent this week:

• Positive Sentiment: IBM acquisition mention: coverage reiterated IBM’s strategic buy of Confluent (cited at ~$11B), which supports a takeover-premium narrative and longer-term exit/value realization for shareholders. IBM/Confluent acquisition release
• Positive Sentiment: Asset-manager endorsement: Jackson Peak Capital named Confluent a top Q4 contributor, signaling continued institutional interest and demand among some active managers. Jackson Peak Capital article
• Positive Sentiment: Partner/product momentum: a Yahoo piece highlighted Confluent’s “Sell With Confluent” partner program and positioning to capture the large data‑streaming market, reinforcing growth narrative and TAM expansion. Sell With Confluent article
• Negative Sentiment: Large insider selling by CEO Edward Kreps: sold 270,207 shares (~$8.3M) and reduced his holding ~47%, a high-profile transaction that often weighs on sentiment and price. SEC filing: CEO Form 4
• Negative Sentiment: Multiple other executive sales: CFO Rohan Sivaram (21,503 sh), CRO Ban Ryan Norris Mac (combined ~31,273 sh across filings), and CAO Kong Phan (2,277 sh) trimmed positions — collective insider liquidity events can trigger short-term selling pressure. SEC filings: CFO CFO Form 4; CRO CRO Form 4; CAO CAO Form 4

About Confluent

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.