Neha Narkhede Sells 80,000 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) Director Neha Narkhede sold 80,000 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $30.59, for a total value of $2,447,200.00. Following the completion of the transaction, the director directly owned 28,549 shares in the company, valued at $873,313.91. This represents a 73.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, December 10th, Neha Narkhede sold 23,100 shares of Confluent stock. The shares were sold at an average price of $30.00, for a total value of $693,000.00.
• 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 transaction 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.

Confluent Stock Up 0.2%

CFLT stock opened at $30.72 on Friday. The company has a market capitalization of $10.75 billion, a P/E ratio of -35.72 and a beta of 0.95. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $33.23. The firm’s fifty day simple moving average is $30.36 and its 200-day simple moving average is $24.34. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.83 and a quick ratio of 3.83.

Confluent (NASDAQ:CFLT) last posted its earnings results on Wednesday, February 11th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Confluent had a negative net margin of 25.31% and a negative return on equity of 22.66%. The company had revenue of $314.82 million during the quarter, compared to the consensus estimate of $308.03 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

Hedge Funds Weigh In On Confluent

Several hedge funds and other institutional investors have recently made changes to their positions in CFLT. HBK Investments L P purchased a new stake in shares of Confluent during the fourth quarter worth approximately $453,600,000. Norges Bank purchased a new stake in shares of Confluent during the fourth quarter worth $265,669,000. Jericho Capital Asset Management L.P. purchased a new position in shares of Confluent in the third quarter worth about $163,667,000. AQR Capital Management LLC boosted its position in Confluent by 3,646.4% during the third quarter. AQR Capital Management LLC now owns 4,904,459 shares of the company’s stock worth $97,108,000 after acquiring an additional 4,773,548 shares during the last quarter. Finally, KRYGER CAPITAL Ltd purchased a new stake in Confluent during the 4th quarter valued at about $113,400,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Needham & Company LLC cut shares of Confluent from a “buy” rating to a “hold” rating in a research note on Monday, December 8th. Citigroup raised their price target on shares of Confluent from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 9th. Wolfe Research cut shares of Confluent from an “outperform” rating to a “hold” rating in a report on Monday, December 8th. FBN Securities reissued an “outperform” rating and set a $28.00 target price on shares of Confluent in a research note on Tuesday, October 28th. Finally, Piper Sandler lowered Confluent from an “overweight” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Confluent currently has an average rating of “Hold” and a consensus price target of $28.71.

Key Confluent News

Here are the key news stories impacting Confluent this week:

• Positive Sentiment: Shareholders approved Confluent’s acquisition by IBM, reducing execution risk around the deal and supporting the takeover valuation. Article Title
• Positive Sentiment: Recent quarterly results beat revenue and EPS expectations (Q: revenue ~$314.8M, EPS $0.12 vs. $0.10 est.), showing continued revenue growth that underpins valuation ahead of the takeover. Earnings Summary
• Positive Sentiment: Analyst commentary noting IBM’s 2026 free-cash-flow goal looks attainable suggests IBM likely has the financial flexibility to complete and integrate acquisitions like Confluent. Article Title
• Neutral Sentiment: Reported short‑interest shows zero shares and a 0.0 days‑to‑cover metric; this is almost certainly a reporting error or artifact, so short‑pressure signals are currently uninformative.
• Neutral Sentiment: Consensus analyst stance remains largely cautious: majority “Hold” ratings and a MarketBeat consensus target near $28.71 — useful context but not a near‑term catalyst.
• Negative Sentiment: Director Eric Vishria sold 61,905 shares at ~\$30.57 (~\$1.89M), cutting his stake by ~8.5% — a large director sale that can weigh on sentiment. SEC Form 4
• Negative Sentiment: Co‑founder/director Neha Narkhede sold 80,000 shares at ~\$30.59 (~\$2.45M), a ~73.7% reduction in her direct holding — a sizable insider sale likely to prompt investor questions. SEC Form 4
• Negative Sentiment: Director Michelangelo Volpi sold 25,000 shares at ~\$30.59 (~\$765k), trimming his position and adding to the cluster of director sales. SEC Form 4
• Negative Sentiment: CRO Ban Ryan Norris Mac reported small sales (1,655 on Feb 13 and 2,113 on Feb 18 at ~\$30.6) — modest individually but part of broader insider selling. SEC Form 4

Confluent Company Profile

Confluent, Inc (NASDAQ: CFLT) is a leading provider of an event streaming platform built on Apache Kafka. The company’s flagship offerings include Confluent Platform—a self-managed software solution—and Confluent Cloud, a fully managed service designed to simplify real-time data processing across hybrid and multi-cloud environments. These products enable enterprises to collect, process and distribute high volumes of data in real time, supporting use cases such as fraud detection, supply chain optimization and personalized customer experiences.

Founded in 2014 by Apache Kafka co-creators Jay Kreps, Neha Narkhede and Jun Rao, Confluent has driven the commercialization of Kafka technologies and extended the platform with tools for data integration, stream processing and enterprise-grade security.