Bank Julius Baer & Co. Ltd Zurich Sells 9,690 Shares of Confluent, Inc. $CFLT

Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of Confluent, Inc. (NASDAQ:CFLT) by 67.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,579 shares of the company’s stock after selling 9,690 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Confluent were worth $114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. bought a new position in shares of Confluent in the first quarter worth approximately $48,547,000. Vanguard Group Inc. increased its stake in 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 in the last quarter. Alyeska Investment Group L.P. increased its stake in Confluent by 220.2% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company’s stock worth $60,882,000 after buying an additional 1,786,116 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in Confluent during the first quarter valued at about $39,944,000. Finally, Altimeter Capital Management LP lifted its position in shares of Confluent by 11.0% in the first quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company’s stock valued at $305,706,000 after acquiring an additional 1,295,710 shares in the last quarter. Institutional investors own 78.09% of the company’s stock.

Confluent Stock Performance

Shares of NASDAQ:CFLT opened at $21.06 on Tuesday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.98. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of -23.40 and a beta of 0.98. The firm’s 50-day moving average is $21.95 and its 200 day moving average is $22.00.

Confluent (NASDAQ:CFLT) last announced its earnings results 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. The business had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Research analysts predict that Confluent, Inc. will post -0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CFLT. Barclays increased their target price on Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Cowen reaffirmed a “hold” rating on shares of Confluent in a report on Tuesday, October 28th. Truist Financial lifted their price objective on shares of Confluent from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. UBS Group set a $28.00 target price on shares of Confluent in a report on Tuesday, October 28th. Finally, Zacks Research raised shares of Confluent from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.97.

Insider Activity at Confluent

In other Confluent news, Director Eric Vishria sold 30,953 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $20.00, for a total value of $619,060.00. Following the sale, the director owned 1,123,447 shares in the company, valued at $22,468,940. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $23.53, for a total value of $5,470,725.00. Following the sale, the chief executive officer owned 377,074 shares of the company’s stock, valued at approximately $8,872,551.22. This trade represents a 38.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 839,139 shares of company stock worth $17,816,358 over the last quarter. 13.82% of the stock is owned by insiders.

About Confluent

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.