Confluent Sees Unusually Large Options Volume (NASDAQ:CFLT)

Confluent, Inc. (NASDAQ:CFLT) saw unusually large options trading on Wednesday. Stock investors acquired 16,674 call options on the stock. This is an increase of 53% compared to the average volume of 10,898 call options.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CFLT shares. Oppenheimer decreased their price target on shares of Confluent from $32.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Weiss Ratings restated a “sell (e+)” rating on shares of Confluent in a report on Wednesday. Guggenheim cut their price target on shares of Confluent from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Stephens began coverage on shares of Confluent in a report on Friday, July 18th. They issued an “overweight” rating and a $31.00 target price for the company. Finally, Wells Fargo & Company began coverage on shares of Confluent in a report on Tuesday, September 30th. They issued an “overweight” rating and a $24.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.25.

Insider Activity at Confluent

In other Confluent news, CEO Edward Jay Kreps sold 232,500 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $18.66, for a total transaction of $4,338,450.00. Following the completion of the sale, the chief executive officer owned 377,074 shares in the company, valued at $7,036,200.84. This represents a 38.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rohan Sivaram sold 5,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $20.00, for a total value of $100,000.00. Following the sale, the chief financial officer owned 631,596 shares of the company’s stock, valued at approximately $12,631,920. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 741,584 shares of company stock valued at $13,597,695 over the last ninety days. 9.20% of the stock is currently owned by company insiders.

Institutional Trading of Confluent

Several large investors have recently modified their holdings of the business. Osaic Holdings Inc. grew its position in shares of Confluent by 22.4% in the second quarter. Osaic Holdings Inc. now owns 32,590 shares of the company’s stock valued at $810,000 after purchasing an additional 5,970 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in Confluent during the second quarter worth approximately $305,000. Marex Group plc acquired a new stake in Confluent during the second quarter worth approximately $298,000. State of Wyoming boosted its position in Confluent by 155.6% during the second quarter. State of Wyoming now owns 17,759 shares of the company’s stock worth $443,000 after acquiring an additional 10,811 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Confluent during the second quarter worth approximately $245,000. 78.09% of the stock is currently owned by institutional investors and hedge funds.

Confluent Price Performance

Shares of CFLT opened at $22.30 on Thursday. Confluent has a 1-year low of $15.64 and a 1-year high of $37.90. The stock has a market cap of $7.69 billion, a PE ratio of -23.72 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.98 and a quick ratio of 3.98. The firm has a fifty day moving average price of $18.89 and a 200 day moving average price of $21.86.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The company had revenue of $282.29 million for the quarter, compared to analyst estimates of $278.32 million. During the same period in the previous year, the business posted $0.06 earnings per share. Confluent’s quarterly 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. As a group, sell-side analysts anticipate that Confluent will post -0.83 EPS for the current 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.