Campbell & CO Investment Adviser LLC Purchases New Stake in Confluent, Inc. $CFLT

Campbell & CO Investment Adviser LLC acquired a new position in shares of Confluent, Inc. (NASDAQ:CFLT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,413 shares of the company’s stock, valued at approximately $260,000.

Several other hedge funds also recently modified their holdings of the business. Jennison Associates LLC bought a new stake in shares of Confluent during the first quarter worth approximately $14,521,000. Allianz Asset Management GmbH raised its position in shares of Confluent by 6,723.4% during the 1st quarter. Allianz Asset Management GmbH now owns 600,456 shares of the company’s stock valued at $14,075,000 after acquiring an additional 591,656 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Confluent in the 1st quarter valued at $5,245,000. Pier 88 Investment Partners LLC acquired a new position in shares of Confluent in the 1st quarter valued at $682,000. Finally, KLP Kapitalforvaltning AS boosted its position 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 purchasing an additional 2,000 shares during the last quarter. Institutional investors own 78.09% of the company’s stock.

Insider Activity

In related news, Director Neha Narkhede sold 153,200 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the completion of the transaction, the director directly owned 28,549 shares in the company, valued at approximately $566,697.65. This trade represents a 84.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Vishria sold 30,953 shares of Confluent stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $23.64, for a total value of $731,728.92. Following the completion of the sale, the director directly owned 1,092,494 shares in the company, valued at approximately $25,826,558.16. This represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 839,540 shares of company stock worth $17,389,031. 13.82% of the stock is currently owned by insiders.

Confluent Price Performance

NASDAQ CFLT opened at $22.66 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of -25.18 and a beta of 0.98. The business has a 50 day simple moving average of $21.75 and a 200 day simple moving average of $21.95. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90.

Confluent (NASDAQ:CFLT) last released its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share 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 company had revenue of $298.52 million during the quarter, compared to analysts’ expectations of $292.69 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. Analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on CFLT shares. Cowen reissued a “hold” rating on shares of Confluent in a research note on Tuesday, October 28th. Guggenheim lowered their price target on Confluent from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Stephens increased their price target on shares of Confluent from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Truist Financial lifted their price objective on shares of Confluent from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, DA Davidson boosted their price objective on shares of Confluent from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.