Confluent (NASDAQ:CFLT) Director Lara Caimi Sells 1,074 Shares of Stock

by · The Cerbat Gem

Confluent, Inc. (NASDAQ:CFLT – Get Free Report) Director Lara Caimi sold 1,074 shares of Confluent stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $30.00, for a total value of $32,220.00. Following the transaction, the director directly owned 11,524 shares of the company’s stock, valued at $345,720. The trade was a 8.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Confluent Price Performance

CFLT stock opened at $30.05 on Friday. The firm has a 50 day moving average of $23.43 and a 200-day moving average of $22.30. The firm has a market capitalization of $10.51 billion, a P/E ratio of -33.39 and a beta of 0.99. 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.

Confluent (NASDAQ:CFLT – Get Free Report) last released its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $292.69 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. 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, sell-side analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Guggenheim downgraded shares of Confluent from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company reissued an “equal weight” rating and issued a $31.00 price target on shares of Confluent in a report on Monday. Raymond James Financial cut shares of Confluent from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Citigroup upped 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. Finally, Oppenheimer cut Confluent from an “outperform” rating to a “market perform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.71.

Read Our Latest Stock Report on CFLT

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CFLT. Public Employees Retirement System of Ohio raised its holdings in Confluent by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 86,477 shares of the company’s stock valued at $1,712,000 after buying an additional 536 shares during the last quarter. Xponance Inc. increased its position in shares of Confluent by 1.8% in the third quarter. Xponance Inc. now owns 40,399 shares of the company’s stock valued at $800,000 after acquiring an additional 723 shares during the period. AlphaQuest LLC increased its position in shares of Confluent by 21.7% in the second quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock valued at $116,000 after acquiring an additional 826 shares during the period. Perigon Wealth Management LLC raised its stake in shares of Confluent by 8.7% during the third quarter. Perigon Wealth Management LLC now owns 10,775 shares of the company’s stock valued at $213,000 after acquiring an additional 866 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Confluent by 7.7% during the second quarter. J.W. Cole Advisors Inc. now owns 13,880 shares of the company’s stock worth $346,000 after purchasing an additional 993 shares during the period. Institutional investors own 78.09% of the company’s stock.

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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