Eric Vishria Sells 15,476 Shares of Confluent (NASDAQ:CFLT) Stock

by · The Cerbat Gem

Confluent, Inc. (NASDAQ:CFLT – Get Free Report) Director Eric Vishria sold 15,476 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.00, for a total transaction of $464,280.00. Following the transaction, the director owned 1,061,542 shares in the company, valued at approximately $31,846,260. This trade represents a 1.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Eric Vishria also recently made the following trade(s):

  • On Monday, December 8th, Eric Vishria sold 15,476 shares of Confluent stock. The stock was sold at an average price of $29.84, for a total transaction of $461,803.84.
  • On Wednesday, October 29th, Eric Vishria sold 30,953 shares of Confluent stock. The stock was sold at an average price of $23.64, for a total value of $731,728.92.

Confluent Stock Performance

Confluent stock traded down $0.09 during trading hours on Friday, reaching $30.05. 12,141,513 shares of the company were exchanged, compared to its average volume of 7,844,368. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average of $23.23 and a 200 day moving average of $22.25. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of -33.39 and a beta of 0.99.

Confluent (NASDAQ:CFLT – Get Free Report) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $298.52 million during the quarter, compared to the consensus estimate of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. Confluent’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period 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. As a group, research analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Confluent by 7.2% during the first quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock valued at $623,976,000 after purchasing an additional 1,791,588 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Confluent by 28.5% in the 2nd quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock worth $6,507,000 after buying an additional 57,928 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Confluent by 655.7% during the 2nd quarter. Hsbc Holdings PLC now owns 243,596 shares of the company’s stock worth $6,013,000 after buying an additional 211,360 shares during the period. Nuveen LLC acquired a new stake in Confluent in the 1st quarter valued at $28,791,000. Finally, Blair William & Co. IL grew its position in Confluent by 8.6% in the second quarter. Blair William & Co. IL now owns 160,575 shares of the company’s stock valued at $4,003,000 after acquiring an additional 12,654 shares during the period. Institutional investors and hedge funds own 78.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group downgraded Confluent from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $29.00 to $31.00 in a research report on Tuesday. Robert W. Baird boosted their target price on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday. Raymond James Financial lowered shares of Confluent from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Evercore ISI set a $31.00 price objective on shares of Confluent in a research report on Monday. Finally, New Street Research set a $29.00 target price on shares of Confluent in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.71.

Read Our Latest Report on Confluent

About Confluent

(Get Free Report)

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.

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