Farther Finance Advisors LLC Grows Position in Confluent, Inc. $CFLT

Farther Finance Advisors LLC raised its holdings in shares of Confluent, Inc. (NASDAQ:CFLT) by 252.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,448 shares of the company’s stock after acquiring an additional 1,037 shares during the period. Farther Finance Advisors LLC’s holdings in Confluent were worth $36,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CFLT. 1832 Asset Management L.P. acquired a new stake in Confluent during the 1st quarter valued at approximately $48,547,000. Vanguard Group Inc. lifted its stake in Confluent by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock valued at $623,976,000 after acquiring an additional 1,791,588 shares during the period. Alyeska Investment Group L.P. lifted its stake in Confluent by 220.2% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company’s stock valued at $60,882,000 after acquiring an additional 1,786,116 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Confluent in the 1st quarter valued at $39,944,000. Finally, Phoenix Financial Ltd. lifted its stake in shares of Confluent by 901.4% in the 1st quarter. Phoenix Financial Ltd. now owns 1,547,112 shares of the company’s stock valued at $36,269,000 after purchasing an additional 1,392,615 shares during the period. 78.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CFLT. Weiss Ratings reiterated a “sell (e+)” rating on shares of Confluent in a research note on Saturday, September 27th. DA Davidson dropped their target price on shares of Confluent from $32.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $21.00 price objective (down previously from $30.00) on shares of Confluent in a report on Thursday, July 31st. Raymond James Financial decreased their target price on shares of Confluent from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, Capital One Financial set a $21.00 price target on shares of Confluent in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.25.

Insiders Place Their Bets

In other news, Director Neha Narkhede sold 153,200 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total value of $3,041,020.00. Following the completion of the sale, the director owned 28,549 shares in the company, valued at $566,697.65. This represents a 84.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Vishria sold 30,953 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $20.00, for a total value of $619,060.00. Following the completion of the sale, the director directly owned 1,123,447 shares in the company, valued at $22,468,940. This trade represents a 2.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 741,584 shares of company stock valued at $13,597,695. 13.82% of the stock is currently owned by insiders.

Confluent Trading Down 2.5%

NASDAQ:CFLT opened at $20.73 on Wednesday. The company has a market capitalization of $7.15 billion, a PE ratio of -22.05 and a beta of 0.96. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The stock has a fifty day simple moving average of $18.97 and a 200-day simple moving average of $21.86.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate 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 company had revenue of $282.29 million during the quarter, compared to analysts’ expectations of $278.32 million. During the same quarter in the previous year, the business earned $0.06 EPS. The firm’s revenue 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. On average, equities research analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Confluent Company Profile

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.