Atria Investments Inc Decreases Stock Position in Confluent, Inc. $CFLT

Atria Investments Inc cut its position in Confluent, Inc. (NASDAQ:CFLT) by 39.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,642 shares of the company’s stock after selling 5,634 shares during the period. Atria Investments Inc’s holdings in Confluent were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CFLT. AlphaQuest LLC lifted its holdings in Confluent by 21.7% in the 2nd quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock valued at $116,000 after purchasing an additional 826 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Confluent by 4.4% in the first quarter. M&T Bank Corp now owns 22,496 shares of the company’s stock worth $527,000 after buying an additional 956 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after buying an additional 1,037 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Confluent by 39.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company’s stock worth $95,000 after acquiring an additional 1,143 shares during the last quarter. Finally, New York Life Investment Management LLC grew its stake in Confluent by 5.0% during the 2nd quarter. New York Life Investment Management LLC now owns 27,134 shares of the company’s stock valued at $676,000 after acquiring an additional 1,291 shares in the last quarter. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Confluent news, Director Neha Narkhede sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $23.57, for a total value of $707,100.00. Following the sale, the director owned 28,549 shares of the company’s stock, valued at $672,899.93. The trade was a 51.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rohan Sivaram sold 6,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $23.76, for a total value of $142,560.00. Following the transaction, the chief financial officer owned 625,596 shares in the company, valued at $14,864,160.96. This trade represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 607,040 shares of company stock worth $11,918,306. Insiders own 9.20% of the company’s stock.

Confluent Stock Performance

Shares of Confluent stock opened at $23.40 on Friday. The firm has a market cap of $8.19 billion, a PE ratio of -26.00 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. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The business’s fifty day simple moving average is $21.62 and its 200-day simple moving average is $21.96.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The firm had revenue of $298.52 million for the quarter, compared to analyst estimates of $292.69 million. During the same period in the previous year, the firm earned $0.10 EPS. Confluent’s revenue was up 19.3% on a year-over-year basis. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. Equities analysts forecast 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 a number of research reports. The Goldman Sachs Group raised their target price on shares of Confluent from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Wells Fargo & Company lifted their price objective on Confluent from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Morgan Stanley boosted their price objective on Confluent from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. DA Davidson upped their target price on Confluent from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $27.00 price target on shares of Confluent in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.97.

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.