Neha Narkhede Sells 30,000 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) Director Neha Narkhede sold 30,000 shares of Confluent stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $23.57, for a total value of $707,100.00. Following the sale, the director owned 28,549 shares in the company, valued at $672,899.93. This represents a 51.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, October 29th, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $23.65, for a total value of $709,500.00.
• On Tuesday, September 9th, Neha Narkhede sold 153,200 shares of Confluent stock. The stock was sold at an average price of $19.85, for a total transaction of $3,041,020.00.

Confluent Stock Up 0.3%

Shares of Confluent stock opened at $22.61 on Friday. Confluent, Inc. has a 1 year low of $15.64 and a 1 year high of $37.90. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of -25.12 and a beta of 0.98. The company has a 50-day moving average of $21.19 and a 200 day moving average of $21.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01.

Confluent (NASDAQ:CFLT) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The business had revenue of $298.52 million for the quarter, compared to analysts’ expectations of $292.69 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. As a group, sell-side analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group set a $28.00 price objective on Confluent in a research note on Tuesday, October 28th. Oppenheimer lifted their price target on Confluent from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. DA Davidson increased their price objective on shares of Confluent from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Evercore ISI raised their price objective on shares of Confluent from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company lifted their target price on shares of Confluent from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.97.

Institutional Trading of Confluent

A number of institutional investors have recently made changes to their positions in CFLT. Amalgamated Bank raised its holdings in shares of Confluent by 3.4% during the first quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock valued at $398,000 after purchasing an additional 566 shares during the last quarter. GAMMA Investing LLC grew its position in Confluent by 26.8% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock worth $73,000 after purchasing an additional 661 shares during the period. AlphaQuest LLC raised its stake in Confluent by 21.7% during the 2nd quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock valued at $116,000 after buying an additional 826 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Confluent by 8.7% during the 3rd quarter. Perigon Wealth Management LLC now owns 10,775 shares of the company’s stock valued at $213,000 after buying an additional 866 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Confluent by 4.4% during the 1st quarter. M&T Bank Corp now owns 22,496 shares of the company’s stock valued at $527,000 after buying an additional 956 shares during the period. Hedge funds and other institutional investors own 78.09% of the company’s stock.

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.