Parallel Advisors LLC Has $408,000 Stock Position in Confluent, Inc. $CFLT

Parallel Advisors LLC lowered its position in shares of Confluent, Inc. (NASDAQ:CFLT) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,377 shares of the company’s stock after selling 716 shares during the quarter. Parallel Advisors LLC’s holdings in Confluent were worth $408,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Confluent by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock worth $623,976,000 after acquiring an additional 1,791,588 shares during the last quarter. Nuveen LLC acquired a new position in Confluent during the 1st quarter worth approximately $28,791,000. Principal Financial Group Inc. boosted its position in Confluent by 47.3% during the 1st quarter. Principal Financial Group Inc. now owns 528,171 shares of the company’s stock worth $12,380,000 after acquiring an additional 169,576 shares during the last quarter. Amalgamated Bank boosted its position in Confluent by 3.4% during the 1st quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock worth $398,000 after acquiring an additional 566 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Confluent by 25.8% in the 1st quarter. SG Americas Securities LLC now owns 26,884 shares of the company’s stock valued at $630,000 after buying an additional 5,520 shares during the last quarter. Institutional investors and hedge funds own 78.09% of the company’s stock.

Insider Transactions at Confluent

In other Confluent news, CRO Ban Ryan Norris Mac sold 15,200 shares of Confluent stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total value of $258,552.00. Following the transaction, the executive owned 397,345 shares in the company, valued at $6,758,838.45. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $17.18, for a total value of $3,994,350.00. Following the completion of the transaction, the chief executive officer owned 452,488 shares in the company, valued at approximately $7,773,743.84. This represents a 33.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 735,821 shares of company stock valued at $13,483,184. Company insiders own 9.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CFLT. DA Davidson cut their price objective on Confluent from $32.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Cowen downgraded Confluent from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Royal Bank Of Canada cut their price objective on Confluent from $28.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Piper Sandler cut their price objective on Confluent from $32.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Finally, TD Cowen reissued a “hold” rating and issued a $24.00 price objective on shares of Confluent in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Confluent currently has an average rating of “Moderate Buy” and a consensus target price of $27.36.

Confluent Stock Down 0.7%

Shares of NASDAQ CFLT opened at $20.05 on Friday. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98. The stock’s fifty day moving average is $20.35 and its 200 day moving average is $22.39. The stock has a market capitalization of $6.91 billion, a P/E ratio of -21.33 and a beta of 0.97.

Confluent (NASDAQ:CFLT) last released its earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The firm had revenue of $282.29 million for the quarter, compared to analysts’ expectations of $278.32 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. Sell-side analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

About Confluent

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.