KBC Group NV Sells 2,784 Shares of Confluent, Inc. $CFLT

KBC Group NV reduced its stake in Confluent, Inc. (NASDAQ:CFLT) by 27.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,380 shares of the company’s stock after selling 2,784 shares during the quarter. KBC Group NV’s holdings in Confluent were worth $184,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Allianz Asset Management GmbH raised its stake in shares of Confluent by 6,723.4% in the first quarter. Allianz Asset Management GmbH now owns 600,456 shares of the company’s stock worth $14,075,000 after buying an additional 591,656 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Confluent in the 1st quarter worth approximately $5,245,000. KLP Kapitalforvaltning AS raised its stake in Confluent by 4.1% during the 1st quarter. KLP Kapitalforvaltning AS now owns 50,500 shares of the company’s stock worth $1,184,000 after acquiring an additional 2,000 shares during the period. Triumph Capital Management lifted its holdings 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 in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Confluent by 10.0% in the first quarter. Assetmark Inc. now owns 42,333 shares of the company’s stock worth $992,000 after purchasing an additional 3,833 shares during the period. Institutional investors own 78.09% of the company’s stock.

Confluent Trading Down 0.1%

Shares of CFLT stock opened at $22.63 on Thursday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of -25.14 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 stock’s 50-day moving average price is $21.86 and its 200-day moving average price is $21.97.

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

Insider Transactions at Confluent

In related news, CFO Rohan Sivaram sold 6,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $23.76, for a total value of $142,560.00. Following the sale, the chief financial officer owned 625,596 shares in the company, valued at approximately $14,864,160.96. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eric Vishria sold 30,953 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $20.00, for a total transaction of $619,060.00. Following the sale, the director directly owned 1,123,447 shares in the company, valued at approximately $22,468,940. The trade was a 2.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 757,872 shares of company stock valued at $15,998,727 in the last 90 days. Company insiders own 9.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CFLT. Capital One Financial set a $21.00 price objective on shares of Confluent in a research report on Thursday, July 31st. Needham & Company LLC decreased their price target on Confluent from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus upped their price objective on Confluent from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. Wells Fargo & Company increased their target price on Confluent from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, TD Cowen reissued a “hold” rating and issued a $24.00 price target on shares of Confluent in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.97.

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.