Confluent (NASDAQ:CFLT) Director Sells $693,000.00 in Stock

Confluent, Inc. (NASDAQ:CFLT) Director Neha Narkhede sold 23,100 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.00, for a total value of $693,000.00. Following the completion of the transaction, the director directly owned 28,549 shares in the company, valued at approximately $856,470. This represents a 44.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Neha Narkhede also recently made the following trade(s):

• On Monday, December 8th, Neha Narkhede sold 40,000 shares of Confluent stock. The stock was sold at an average price of $29.77, for a total value of $1,190,800.00.
• On Monday, December 1st, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $22.15, for a total transaction of $664,500.00.
• On Monday, November 3rd, Neha Narkhede sold 30,000 shares of Confluent stock. The stock was sold at an average price of $23.57, for a total transaction of $707,100.00.
• On Wednesday, October 29th, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $23.65, for a total transaction of $709,500.00.

Confluent Stock Performance

Shares of NASDAQ:CFLT opened at $30.05 on Monday. Confluent, Inc. has a 12-month low of $15.64 and a 12-month high of $37.90. The company’s 50 day moving average price is $23.43 and its two-hundred day moving average price is $22.30. The firm has a market cap of $10.51 billion, a PE ratio of -33.39 and a beta of 0.99. 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 (NASDAQ:CFLT) last issued its quarterly 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 analysts’ expectations of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. Equities research analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current year.

Institutional Investors Weigh In On Confluent

Several hedge funds have recently modified their holdings of the company. Quarry LP bought a new position in Confluent in the third quarter valued at about $26,000. Danske Bank A S bought a new stake in Confluent during the 3rd quarter worth approximately $34,000. Farther Finance Advisors LLC increased its position in Confluent by 252.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock valued at $36,000 after acquiring an additional 1,037 shares during the period. True Wealth Design LLC bought a new position in shares of Confluent during the third quarter valued at $36,000. Finally, Ramirez Asset Management Inc. acquired a new position in shares of Confluent during the third quarter worth $40,000. Institutional investors and hedge funds own 78.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CFLT. Canaccord Genuity Group cut Confluent from a “buy” rating to a “hold” rating and raised their price target for the stock from $27.00 to $31.00 in a research report on Monday, December 8th. UBS Group cut shares of Confluent from a “buy” rating to a “neutral” rating and boosted their target price for the company from $29.00 to $31.00 in a research report on Tuesday, December 9th. Needham & Company LLC lowered shares of Confluent from a “buy” rating to a “hold” rating in a research report on Monday, December 8th. FBN Securities reissued an “outperform” rating and issued a $28.00 price objective on shares of Confluent in a research note on Tuesday, October 28th. Finally, Evercore ISI set a $31.00 target price on Confluent in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.71.

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.