Nomura Asset Management Co. Ltd. Sells 203,700 Shares of Confluent, Inc. $CFLT

Nomura Asset Management Co. Ltd. lessened its holdings in Confluent, Inc. (NASDAQ:CFLT) by 20.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 797,300 shares of the company’s stock after selling 203,700 shares during the period. Nomura Asset Management Co. Ltd. owned 0.23% of Confluent worth $19,877,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CFLT. Allianz Asset Management GmbH raised its holdings in shares of Confluent by 6,723.4% in the 1st quarter. Allianz Asset Management GmbH now owns 600,456 shares of the company’s stock valued at $14,075,000 after acquiring an additional 591,656 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Confluent in the first quarter worth approximately $5,245,000. Pier 88 Investment Partners LLC bought a new position in shares of Confluent in the first quarter worth approximately $682,000. KLP Kapitalforvaltning AS raised its stake in Confluent by 4.1% in the first quarter. KLP Kapitalforvaltning AS now owns 50,500 shares of the company’s stock valued at $1,184,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Triumph Capital Management lifted its position in Confluent by 108.3% during the first quarter. Triumph Capital Management now owns 46,550 shares of the company’s stock valued at $1,091,000 after purchasing an additional 24,200 shares during the last quarter. Institutional investors own 78.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays increased their price target on shares of Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Zacks Research raised shares of Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Royal Bank Of Canada restated an “outperform” rating and set a $30.00 target price on shares of Confluent in a report on Tuesday, October 28th. The Goldman Sachs Group lifted their price target on Confluent from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, DA Davidson increased their price objective on Confluent from $27.00 to $29.00 and gave the company a “buy” rating 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.97.

Confluent Stock Performance

NASDAQ CFLT opened at $22.66 on Wednesday. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. The stock has a 50 day simple moving average of $21.80 and a two-hundred day simple moving average of $21.97. The stock has a market cap of $7.93 billion, a P/E ratio of -25.18 and a beta of 0.98.

Confluent (NASDAQ:CFLT) last posted its earnings results on Monday, October 27th. The company reported $0.13 earnings per share (EPS) 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 analysts’ expectations of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The business’s revenue was up 19.3% compared to the same quarter last year. 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. On average, analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

Insider Buying and Selling at Confluent

In related news, CFO Rohan Sivaram sold 6,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $23.76, for a total value of $142,560.00. Following the completion of the transaction, the chief financial officer directly owned 625,596 shares of the company’s stock, valued at $14,864,160.96. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Neha Narkhede sold 153,200 shares of Confluent stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total value of $3,041,020.00. Following the sale, the director directly owned 28,549 shares in the company, valued at approximately $566,697.65. The trade was a 84.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 757,872 shares of company stock worth $15,998,727. 13.82% of the stock is owned by corporate insiders.

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.