Fox Run Management L.L.C. Cuts Stock Holdings in Confluent, Inc. $CFLT

Fox Run Management L.L.C. lessened its stake in Confluent, Inc. (NASDAQ:CFLT) by 34.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,272 shares of the company’s stock after selling 27,739 shares during the period. Fox Run Management L.L.C.’s holdings in Confluent were worth $1,303,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in Confluent by 252.3% during the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock valued at $36,000 after buying an additional 1,037 shares during the period. Banque Transatlantique SA bought a new position in shares of Confluent in the first quarter worth approximately $43,000. SVB Wealth LLC purchased a new position in shares of Confluent in the first quarter worth $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Confluent during the 2nd quarter valued at $67,000. Finally, PNC Financial Services Group Inc. boosted its position in Confluent by 39.3% during 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 period. 78.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CFLT shares. Morgan Stanley upped their price objective on shares of Confluent from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Stifel Nicolaus upped their price target on Confluent from $21.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, October 28th. UBS Group set a $28.00 price objective on Confluent in a research report on Tuesday, October 28th. Truist Financial upped their target price on Confluent from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Oppenheimer lifted their price target on shares of Confluent from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.97.

Confluent Stock Up 0.3%

NASDAQ:CFLT opened at $22.68 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01. The firm’s 50-day moving average price is $21.24 and its 200-day moving average price is $21.93. The company has a market capitalization of $7.93 billion, a PE ratio of -25.20 and a beta of 0.98. Confluent, Inc. has a 1-year low of $15.64 and a 1-year high of $37.90.

Confluent (NASDAQ:CFLT) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. Confluent’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the company posted $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 predict that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Rohan Sivaram sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $23.76, for a total transaction of $142,560.00. Following the completion of the transaction, the chief financial officer owned 625,596 shares of the company’s stock, valued at $14,864,160.96. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kong Phan sold 4,544 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $19.87, for a total value of $90,289.28. Following the completion of the sale, the chief accounting officer directly owned 232,534 shares in the company, valued at $4,620,450.58. This trade represents a 1.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 839,540 shares of company stock worth $15,912,656 over the last three months. Corporate insiders own 9.20% of the company’s stock.

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.