KLP Kapitalforvaltning AS Raises Stock Position in Confluent, Inc. $CFLT

KLP Kapitalforvaltning AS increased its holdings in Confluent, Inc. (NASDAQ:CFLT) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,600 shares of the company’s stock after acquiring an additional 4,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Confluent were worth $1,361,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Confluent by 7.2% in 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. Altimeter Capital Management LP increased its holdings in shares of Confluent by 11.0% in the 1st quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company’s stock valued at $305,706,000 after acquiring an additional 1,295,710 shares during the period. Champlain Investment Partners LLC increased its holdings in shares of Confluent by 0.3% in the 1st quarter. Champlain Investment Partners LLC now owns 10,862,083 shares of the company’s stock valued at $254,607,000 after acquiring an additional 27,329 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Confluent by 13.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,510,743 shares of the company’s stock valued at $129,173,000 after acquiring an additional 654,827 shares during the period. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Confluent by 220.2% in 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. 78.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CFLT shares. Oppenheimer cut their target price on shares of Confluent from $32.00 to $26.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. UBS Group cut their price objective on shares of Confluent from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Weiss Ratings restated a “sell (e+)” rating on shares of Confluent in a research report on Wednesday, October 8th. Piper Sandler cut their price objective on shares of Confluent from $32.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Finally, Stifel Nicolaus restated a “hold” rating and set a $21.00 price objective (down previously from $30.00) on shares of Confluent in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Confluent has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

Confluent Price Performance

Shares of NASDAQ CFLT opened at $23.18 on Tuesday. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of -24.66 and a beta of 0.96. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The company’s 50-day moving average price is $19.25 and its 200 day moving average price is $21.75. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03.

Confluent (NASDAQ:CFLT) last issued 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. The firm had revenue of $282.29 million for the quarter, compared to analysts’ expectations of $278.32 million. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 EPS. 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, research analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Confluent news, Director Neha Narkhede sold 153,200 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total value of $3,041,020.00. Following the transaction, the director directly owned 28,549 shares in the company, valued at approximately $566,697.65. This represents a 84.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rohan Sivaram sold 26,097 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total transaction of $443,909.97. Following the completion of the transaction, the chief financial officer owned 636,596 shares in the company, valued at approximately $10,828,497.96. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 741,584 shares of company stock worth $13,597,695 in the last 90 days. 13.82% of the stock is currently owned by corporate insiders.

Confluent 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.