Edward Jay Kreps Sells 232,500 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) CEO Edward Jay Kreps sold 232,500 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $30.10, for a total value of $6,998,250.00. Following the completion of the transaction, the chief executive officer directly owned 339,367 shares in the company, valued at $10,214,946.70. This trade represents a 40.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Edward Jay Kreps also recently made the following trade(s):

• On Friday, December 12th, Edward Jay Kreps sold 506,000 shares of Confluent stock. The shares were sold at an average price of $30.04, for a total value of $15,200,240.00.
• On Thursday, November 20th, Edward Jay Kreps sold 37,707 shares of Confluent stock. The stock was sold at an average price of $22.20, for a total value of $837,095.40.
• On Thursday, November 13th, Edward Jay Kreps sold 232,500 shares of Confluent stock. The stock was sold at an average price of $23.53, for a total value of $5,470,725.00.

Confluent Trading Up 0.2%

Confluent stock opened at $30.01 on Thursday. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90. The business’s fifty day moving average is $23.94 and its 200 day moving average is $22.45. The stock has a market capitalization of $10.50 billion, a PE ratio of -33.34 and a beta of 0.99. 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 (NASDAQ:CFLT) last posted 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 for the quarter, compared to analysts’ expectations of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. On average, sell-side analysts predict that Confluent, Inc. will post -0.83 EPS for the current year.

Institutional Trading of Confluent

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Confluent from $21.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, October 28th. New Street Research set a $29.00 price target on Confluent in a research note on Thursday, October 30th. The Goldman Sachs Group lifted their price objective on Confluent from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. UBS Group downgraded Confluent from a “buy” rating to a “neutral” rating and increased their target price for the company from $29.00 to $31.00 in a report on Tuesday, December 9th. Finally, William Blair cut Confluent from an “outperform” rating to a “market perform” rating in a research report 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 assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.71.

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.