Kong Phan Sells 4,544 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) CAO Kong Phan sold 4,544 shares of Confluent stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $19.87, for a total transaction of $90,289.28. Following the completion of the transaction, the chief accounting officer directly owned 232,534 shares of the company’s stock, valued at $4,620,450.58. The trade was a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kong Phan also recently made the following trade(s):

• On Wednesday, August 20th, Kong Phan sold 2,664 shares of Confluent stock. The shares were sold at an average price of $17.01, for a total transaction of $45,314.64.

Confluent Stock Down 2.5%

Shares of NASDAQ CFLT opened at $19.25 on Friday. The company’s 50-day simple moving average is $19.95 and its 200-day simple moving average is $22.23. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of -20.48 and a beta of 0.97. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $282.29 million for the quarter, compared to analyst estimates of $278.32 million. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. Confluent’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. Equities analysts predict that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CFLT shares. Capital One Financial set a $21.00 target price on shares of Confluent in a research note on Thursday, July 31st. Guggenheim lowered their price target on shares of Confluent from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, July 31st. UBS Group lowered their target price on shares of Confluent from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, July 31st. DA Davidson decreased their price target on shares of Confluent from $32.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Finally, Zacks Research upgraded shares of Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.36.

Institutional Investors Weigh In On Confluent

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Confluent by 7.2% during the first quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock valued at $623,976,000 after purchasing an additional 1,791,588 shares during the period. Nuveen LLC bought a new stake in shares of Confluent in the first quarter worth $28,791,000. Principal Financial Group Inc. increased its stake in shares of Confluent by 47.3% in the first quarter. Principal Financial Group Inc. now owns 528,171 shares of the company’s stock worth $12,380,000 after buying an additional 169,576 shares during the last quarter. Amalgamated Bank increased its stake in shares of Confluent by 3.4% in the first quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock worth $398,000 after buying an additional 566 shares during the last quarter. Finally, Strs Ohio acquired a new position in Confluent in the first quarter worth $618,000. 78.09% of the stock is owned by institutional investors and hedge funds.

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.