Amalgamated Bank Grows Stake in Confluent, Inc. $CFLT

Amalgamated Bank lifted its position in Confluent, Inc. (NASDAQ:CFLT) by 17.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,913 shares of the company’s stock after purchasing an additional 2,918 shares during the quarter. Amalgamated Bank’s holdings in Confluent were worth $496,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in 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 worth $623,976,000 after buying an additional 1,791,588 shares during the last quarter. Nuveen LLC bought a new stake in shares of Confluent during the 1st quarter worth $28,791,000. Blair William & Co. IL grew its position in Confluent by 8.6% in the second quarter. Blair William & Co. IL now owns 160,575 shares of the company’s stock worth $4,003,000 after acquiring an additional 12,654 shares in the last quarter. Coronation Fund Managers Ltd. bought a new position in Confluent in the second quarter valued at $10,250,000. Finally, SWS Partners increased its stake in Confluent by 29.9% in the second quarter. SWS Partners now owns 139,464 shares of the company’s stock valued at $3,477,000 after acquiring an additional 32,134 shares during the last quarter. Institutional investors own 78.09% of the company’s stock.

Confluent Trading Up 0.3%

NASDAQ:CFLT opened at $22.68 on Friday. The firm has a market capitalization of $7.93 billion, a P/E ratio of -25.20 and a beta of 0.98. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average of $21.24 and a 200 day moving average of $21.92. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $298.52 million during the quarter, compared to the consensus estimate of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, research analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CFLT has been the subject of a number of research reports. Stephens upped their price objective on Confluent from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Stifel Nicolaus boosted their target price on Confluent from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group upped their target price on Confluent from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Raymond James Financial reiterated an “outperform” rating and set a $30.00 price target (up from $25.00) on shares of Confluent in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Confluent from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.97.

Insider Transactions at Confluent

In other news, Director Neha Narkhede sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $23.57, for a total value of $707,100.00. Following the completion of the sale, the director directly owned 28,549 shares of the company’s stock, valued at approximately $672,899.93. This trade represents a 51.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Kong Phan sold 4,544 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $19.87, for a total transaction of $90,289.28. Following the transaction, the chief accounting officer owned 232,534 shares in the company, valued at $4,620,450.58. This represents a 1.92% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 839,540 shares of company stock worth $15,912,656. Corporate insiders own 9.20% of the company’s stock.

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.