Edward Jay Kreps Sells 506,000 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) CEO Edward Jay Kreps sold 506,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $30.04, for a total value of $15,200,240.00. Following the transaction, the chief executive officer directly owned 339,367 shares in the company, valued at approximately $10,194,584.68. The trade was a 59.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, December 15th, Edward Jay Kreps sold 232,500 shares of Confluent stock. The stock was sold at an average price of $30.10, for a total value of $6,998,250.00.
• On Thursday, November 20th, Edward Jay Kreps sold 37,707 shares of Confluent stock. The shares were 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 shares were sold at an average price of $23.53, for a total value of $5,470,725.00.

Confluent Price Performance

Shares of NASDAQ CFLT opened at $30.01 on Thursday. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The company has a market cap 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 quick ratio of 4.01 and a current ratio of 4.01. The business has a 50-day simple moving average of $23.94 and a two-hundred day simple moving average of $22.45.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings data 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 firm had revenue of $298.52 million for the quarter, compared to the consensus estimate of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The company’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 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. As a group, equities analysts expect that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Robert W. Baird lifted their price objective on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 9th. Stifel Nicolaus raised their target price on Confluent from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group boosted their price target on Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. FBN Securities reissued an “outperform” rating and issued a $28.00 price objective on shares of Confluent in a report on Tuesday, October 28th. Finally, Piper Sandler downgraded Confluent from an “overweight” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.71.

Hedge Funds Weigh In On Confluent

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Confluent by 10.5% during the third quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company’s stock valued at $620,675,000 after buying an additional 2,970,708 shares during the period. Altimeter Capital Management LP grew its position in shares of Confluent by 11.0% during the 1st 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 during the period. Champlain Investment Partners LLC increased its stake in shares of Confluent by 6.7% in the 2nd quarter. Champlain Investment Partners LLC now owns 11,590,026 shares of the company’s stock valued at $288,939,000 after purchasing an additional 727,943 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Confluent by 3.8% in the 2nd quarter. William Blair Investment Management LLC now owns 9,639,102 shares of the company’s stock worth $240,303,000 after purchasing an additional 356,277 shares during the period. Finally, Franklin Resources Inc. boosted its position in Confluent by 1.7% during the second quarter. Franklin Resources Inc. now owns 8,592,443 shares of the company’s stock worth $214,210,000 after purchasing an additional 143,232 shares in the last quarter. 78.09% of the stock is currently owned by institutional investors and hedge funds.

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.