Confluent (NASDAQ:CFLT) CRO Ban Ryan Norris Mac Sells 15,200 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) CRO Ban Ryan Norris Mac sold 15,200 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 $258,552.00. Following the sale, the executive directly owned 397,345 shares of the company’s stock, valued at $6,758,838.45. The trade was a 3.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ban Ryan Norris Mac also recently made the following trade(s):

• On Friday, June 20th, Ban Ryan Norris Mac sold 1,225 shares of Confluent stock. The stock was sold at an average price of $23.49, for a total transaction of $28,775.25.

Confluent Price Performance

Confluent stock opened at $17.79 on Friday. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of -18.93 and a beta of 0.96. The company has a fifty day simple moving average of $22.44 and a 200-day simple moving average of $24.20. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03.

Confluent (NASDAQ:CFLT) last released its earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The business had revenue of $282.29 million during the quarter, compared to analyst estimates of $278.32 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. On average, equities analysts anticipate that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Analyst Ratings Changes

CFLT has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $21.00 price objective (down previously from $30.00) on shares of Confluent in a report on Thursday, July 31st. UBS Group dropped their price objective on shares of Confluent from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Capital One Financial set a $21.00 price objective on shares of Confluent in a report on Thursday, July 31st. Barclays dropped their price objective on shares of Confluent from $31.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, August 1st. Finally, Royal Bank Of Canada dropped their price objective on shares of Confluent from $28.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.36.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Confluent by 7.2% during the first quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock worth $623,976,000 after buying an additional 1,791,588 shares during the period. Nuveen LLC acquired a new stake in shares of Confluent during the first quarter worth about $28,791,000. Principal Financial Group Inc. lifted its position in shares of Confluent by 47.3% during the first quarter. Principal Financial Group Inc. now owns 528,171 shares of the company’s stock worth $12,380,000 after purchasing an additional 169,576 shares in the last quarter. Amalgamated Bank lifted its position in shares of Confluent by 3.4% during the first quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock worth $398,000 after purchasing an additional 566 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Confluent by 5.2% during the fourth quarter. Janus Henderson Group PLC now owns 107,900 shares of the company’s stock worth $3,017,000 after purchasing an additional 5,300 shares in the last quarter. 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.