Fiera Capital Corp Has $24.84 Million Stock Holdings in Confluent, Inc. $CFLT

Fiera Capital Corp reduced its holdings in Confluent, Inc. (NASDAQ:CFLT) by 1.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 996,294 shares of the company’s stock after selling 12,495 shares during the period. Fiera Capital Corp’s holdings in Confluent were worth $24,838,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. AlphaQuest LLC grew its stake in shares of Confluent by 21.7% in the second quarter. AlphaQuest LLC now owns 4,636 shares of the company’s stock worth $116,000 after purchasing an additional 826 shares during the last quarter. M&T Bank Corp raised its position in Confluent by 4.4% during the 1st quarter. M&T Bank Corp now owns 22,496 shares of the company’s stock worth $527,000 after purchasing an additional 956 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Confluent by 252.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after buying an additional 1,037 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Confluent by 39.3% in the 1st 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 last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of Confluent by 5.0% in the second quarter. New York Life Investment Management LLC now owns 27,134 shares of the company’s stock valued at $676,000 after buying an additional 1,291 shares during the period. Institutional investors own 78.09% of the company’s stock.

Confluent Stock Performance

Shares of CFLT stock opened at $23.40 on Friday. The firm has a 50 day moving average of $21.62 and a 200-day moving average of $21.96. The company has a market cap of $8.19 billion, a price-to-earnings ratio of -26.00 and a beta of 0.98. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90.

Confluent (NASDAQ:CFLT) last released its earnings results on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $298.52 million for the quarter, compared to the consensus estimate of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. Confluent’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. On average, equities analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

Insider Activity

In other news, CFO Rohan Sivaram sold 26,097 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total transaction of $443,909.97. Following the transaction, the chief financial officer owned 636,596 shares of the company’s stock, valued at $10,828,497.96. This represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Vishria sold 30,953 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $23.64, for a total value of $731,728.92. Following the completion of the sale, the director owned 1,092,494 shares of the company’s stock, valued at approximately $25,826,558.16. This represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 607,040 shares of company stock valued at $11,918,306. Corporate insiders own 9.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CFLT. Morgan Stanley raised their price objective on Confluent from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group increased their target price on shares of Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Piper Sandler boosted their price target on shares of Confluent from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Needham & Company LLC reduced their price objective on shares of Confluent from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $30.00 target price on shares of Confluent in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Confluent currently has an average rating of “Moderate Buy” and a consensus price target of $27.97.

Confluent Company Profile

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.