BNP PARIBAS ASSET MANAGEMENT Holding S.A. Takes Position in Confluent, Inc. $CFLT

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Confluent, Inc. (NASDAQ:CFLT) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,702 shares of the company’s stock, valued at approximately $67,000.

Several other institutional investors have also modified their holdings of CFLT. Farther Finance Advisors LLC lifted its holdings in shares of Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock valued at $36,000 after buying an additional 1,037 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Confluent in the first quarter valued at $43,000. SVB Wealth LLC acquired a new stake in shares of Confluent in the first quarter valued at $54,000. GAMMA Investing LLC lifted its holdings in shares of Confluent by 26.8% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock valued at $73,000 after buying an additional 661 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Confluent by 39.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company’s stock valued at $95,000 after buying an additional 1,143 shares during the period. Institutional investors and hedge funds own 78.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $30.00 price objective on shares of Confluent in a report on Tuesday, October 28th. Zacks Research raised Confluent from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Needham & Company LLC cut their target price on Confluent from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Robert W. Baird boosted their target price on Confluent from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Finally, FBN Securities reaffirmed an “outperform” rating and set a $28.00 target price on shares of Confluent in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.97.

Insider Activity

In related news, CFO Rohan Sivaram sold 26,097 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total transaction of $443,909.97. Following the transaction, the chief financial officer directly owned 636,596 shares of the company’s stock, valued at approximately $10,828,497.96. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward Jay Kreps sold 232,500 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $17.18, for a total value of $3,994,350.00. Following the transaction, the chief executive officer directly owned 452,488 shares in the company, valued at $7,773,743.84. The trade was a 33.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 839,540 shares of company stock valued at $15,912,656 in the last ninety days. Corporate insiders own 9.20% of the company’s stock.

Confluent Stock Down 0.6%

Shares of Confluent stock opened at $22.54 on Thursday. The firm has a market capitalization of $7.88 billion, a PE ratio of -25.04 and a beta of 0.98. Confluent, Inc. has a 12-month low of $15.64 and a 12-month high of $37.90. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. The stock’s fifty day moving average is $21.14 and its 200-day moving average is $21.90.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share 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 analyst estimates of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.Confluent’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. Equities analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current 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.