Confluent, Inc. $CFLT Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in Confluent, Inc. (NASDAQ:CFLT) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,627 shares of the company’s stock after selling 9,790 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Confluent were worth $2,484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Jennison Associates LLC purchased a new position in shares of Confluent in the 1st quarter valued at about $14,521,000. Allianz Asset Management GmbH increased its holdings in Confluent by 6,723.4% in the first quarter. Allianz Asset Management GmbH now owns 600,456 shares of the company’s stock valued at $14,075,000 after buying an additional 591,656 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Confluent during the 1st quarter valued at approximately $5,245,000. Pier 88 Investment Partners LLC purchased a new stake in shares of Confluent during the 1st quarter worth approximately $682,000. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Confluent by 4.1% in the 1st quarter. KLP Kapitalforvaltning AS now owns 50,500 shares of the company’s stock worth $1,184,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 78.09% of the company’s stock.

Confluent Trading Down 0.4%

CFLT opened at $23.30 on Monday. Confluent, Inc. has a 12-month low of $15.64 and a 12-month high of $37.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a market capitalization of $8.15 billion, a PE ratio of -25.89 and a beta of 0.98. The firm’s fifty day moving average price is $21.70 and its 200 day moving average price is $21.93.

Confluent (NASDAQ:CFLT) last released its earnings results on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company 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 revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. As a group, research analysts expect that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Insider Activity

In related news, Director Neha Narkhede sold 30,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $23.57, for a total transaction of $707,100.00. Following the transaction, the director directly owned 28,549 shares in the company, valued at $672,899.93. This trade represents a 51.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rohan Sivaram sold 6,000 shares of Confluent stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $23.76, for a total transaction of $142,560.00. Following the completion of the transaction, the chief financial officer directly owned 625,596 shares of the company’s stock, valued at approximately $14,864,160.96. This represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 607,040 shares of company stock valued at $11,918,306 over the last three months. Company insiders own 13.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Confluent from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. Cowen restated a “hold” rating on shares of Confluent in a research report on Tuesday, October 28th. Wolfe Research restated an “outperform” rating and set a $32.00 price objective on shares of Confluent in a research report on Tuesday, October 28th. Barclays upped their target price on shares of Confluent from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, Capital One Financial set a $21.00 price target on Confluent in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Confluent has a consensus rating of “Moderate Buy” and a consensus price target of $27.97.

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.