Edgestream Partners L.P. Takes Position in Confluent, Inc. $CFLT

Edgestream Partners L.P. bought a new position in Confluent, Inc. (NASDAQ:CFLT) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 128,021 shares of the company’s stock, valued at approximately $3,192,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 valued at $623,976,000 after acquiring an additional 1,791,588 shares during the last quarter. Bank of Montreal Can increased its position in shares of Confluent by 28.5% during the 2nd quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock valued at $6,507,000 after purchasing an additional 57,928 shares during the last quarter. Nuveen LLC purchased a new stake in Confluent during the 1st quarter valued at $28,791,000. Blair William & Co. IL lifted 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 buying an additional 12,654 shares during the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new position in Confluent during the second quarter worth $10,250,000. 78.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Confluent from $24.00 to $30.00 and gave the company an “overweight” 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 report on Tuesday, October 28th. Oppenheimer raised their price objective on shares of Confluent from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Morgan Stanley boosted their target price on Confluent from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $30.00 price target on shares of Confluent 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.97.

Confluent Price Performance

Shares of CFLT stock opened at $23.65 on Thursday. The stock’s 50-day moving average is $22.29 and its 200 day moving average is $22.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01. Confluent, Inc. has a 1-year low of $15.64 and a 1-year high of $37.90. The company has a market cap of $8.27 billion, a P/E ratio of -26.28 and a beta of 0.99.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.13 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $292.69 million. During the same quarter in the previous year, the business posted $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 and its FY 2025 guidance at 0.390-0.400 EPS. Research analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Confluent

In other news, CFO Rohan Sivaram sold 8,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $22.12, for a total transaction of $176,960.00. Following the transaction, the chief financial officer owned 591,738 shares in the company, valued at $13,089,244.56. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Edward Jay Kreps sold 37,707 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $22.20, for a total transaction of $837,095.40. Following the transaction, the chief executive officer owned 339,367 shares in the company, valued at $7,533,947.40. The trade was a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 613,686 shares of company stock valued at $13,700,308. 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.