Blair William & Co. IL Increases Stock Holdings in Confluent, Inc. $CFLT

Blair William & Co. IL increased its holdings in Confluent, Inc. (NASDAQ:CFLT) by 8.6% in the second quarter, HoldingsChannel.com reports. The fund owned 160,575 shares of the company’s stock after acquiring an additional 12,654 shares during the period. Blair William & Co. IL’s holdings in Confluent were worth $4,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System lifted its stake in Confluent by 16.3% in the second quarter. Maryland State Retirement & Pension System now owns 13,454 shares of the company’s stock worth $335,000 after acquiring an additional 1,883 shares during the period. KLP Kapitalforvaltning AS lifted its stake in Confluent by 8.1% in the second quarter. KLP Kapitalforvaltning AS now owns 54,600 shares of the company’s stock worth $1,361,000 after acquiring an additional 4,100 shares during the period. Lecap Asset Management Ltd. purchased a new stake in Confluent in the second quarter worth $568,000. LBP AM SA lifted its stake in Confluent by 26.0% in the second quarter. LBP AM SA now owns 1,104,700 shares of the company’s stock worth $27,540,000 after acquiring an additional 228,119 shares during the period. Finally, Bourgeon Capital Management LLC purchased a new stake in Confluent in the second quarter worth $7,993,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Insider Buying and Selling

In related news, CAO Kong Phan sold 4,544 shares of Confluent stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $19.87, for a total value of $90,289.28. Following the completion of the sale, the chief accounting officer directly owned 232,534 shares in the company, valued at approximately $4,620,450.58. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Vishria sold 30,953 shares of Confluent stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $20.00, for a total value of $619,060.00. Following the completion of the sale, the director owned 1,123,447 shares of the company’s stock, valued at $22,468,940. The trade was a 2.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 741,584 shares of company stock worth $13,597,695 in the last three months. 13.82% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on CFLT. Weiss Ratings reissued a “sell (e+)” rating on shares of Confluent in a research report on Wednesday, October 8th. Raymond James Financial lowered their price objective on Confluent from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Capital One Financial set a $21.00 price objective on Confluent in a research report on Thursday, July 31st. DA Davidson lowered their price objective on Confluent from $32.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Finally, TD Cowen reissued a “hold” rating and set a $24.00 price objective on shares of Confluent in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.43.

Confluent Price Performance

CFLT opened at $23.18 on Tuesday. The stock has a 50-day moving average price of $19.25 and a 200-day moving average price of $21.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.98 and a quick ratio of 3.98. The firm has a market cap of $7.99 billion, a PE ratio of -24.66 and a beta of 0.96. Confluent, Inc. has a 1 year low of $15.64 and a 1 year high of $37.90.

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

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.