Cwm LLC Sells 5,385 Shares of Confluent, Inc. $CFLT

Cwm LLC lowered its holdings in shares of Confluent, Inc. (NASDAQ:CFLT) by 45.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,569 shares of the company’s stock after selling 5,385 shares during the period. Cwm LLC’s holdings in Confluent were worth $164,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Confluent by 26.8% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock worth $73,000 after purchasing an additional 661 shares in the last quarter. Amalgamated Bank boosted its holdings in Confluent by 3.4% in the first quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock worth $398,000 after acquiring an additional 566 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Confluent in the first quarter worth $252,000. Vishria Bird Financial Group LLC boosted its stake in Confluent by 1,301.3% in the 1st quarter. Vishria Bird Financial Group LLC now owns 1,234,929 shares of the company’s stock worth $28,947,000 after purchasing an additional 1,146,803 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Confluent by 16.8% in the 1st quarter. Teacher Retirement System of Texas now owns 84,684 shares of the company’s stock worth $1,985,000 after purchasing an additional 12,169 shares in the last quarter. Institutional investors own 78.09% of the company’s stock.

Insider Activity

In other Confluent news, Director Neha Narkhede sold 153,200 shares of Confluent stock in a transaction on 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 sale, the director directly owned 28,549 shares in the company, valued at approximately $566,697.65. The trade was a 84.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction on Thursday, September 4th. The shares were 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 approximately $7,036,200.84. This represents a 38.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 741,584 shares of company stock valued at $13,597,695. Company insiders own 9.20% of the company’s stock.

Confluent Price Performance

Shares of Confluent stock opened at $23.65 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.98 and a current ratio of 4.01. The stock’s fifty day moving average is $20.61 and its 200 day moving average is $21.84. The stock has a market cap of $8.15 billion, a P/E ratio of -26.28 and a beta of 0.96. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $298.52 million for the quarter, compared to analysts’ expectations of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. Sell-side analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CFLT has been the topic of several analyst reports. Stephens upped their target price on shares of Confluent from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barclays upped their target price on shares of Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wolfe Research reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Confluent in a research report on Tuesday. Stifel Nicolaus upped their price objective on Confluent from $21.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, The Goldman Sachs Group upped their price target on Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday. Twenty-two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.93.

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.