Bank of New York Mellon Corp Has $71.61 Million Position in Confluent, Inc. $CFLT

Bank of New York Mellon Corp trimmed its holdings in shares of Confluent, Inc. (NASDAQ:CFLT) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,872,389 shares of the company’s stock after selling 28,747 shares during the quarter. Bank of New York Mellon Corp’s holdings in Confluent were worth $71,609,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in shares of Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after purchasing an additional 1,037 shares during the last quarter. Banque Transatlantique SA acquired a new position in Confluent during the 1st quarter worth about $43,000. SVB Wealth LLC acquired a new stake in shares of Confluent in the first quarter valued at about $54,000. PNC Financial Services Group Inc. boosted its holdings in Confluent by 39.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company’s stock valued at $95,000 after acquiring an additional 1,143 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in Confluent by 21.7% during the 2nd 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. Institutional investors own 78.09% of the company’s stock.

Insider Activity at Confluent

In other Confluent news, CFO Rohan Sivaram sold 26,097 shares of the business’s stock in a transaction on 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 in the company, valued at $10,828,497.96. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Neha Narkhede sold 153,200 shares of Confluent stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the transaction, the director directly owned 28,549 shares of the company’s stock, valued at approximately $566,697.65. This represents a 84.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 839,540 shares of company stock valued at $15,912,656 over the last three months. Corporate insiders own 13.82% of the company’s stock.

Confluent Trading Up 0.3%

CFLT stock opened at $22.68 on Monday. Confluent, Inc. has a 1-year low of $15.64 and a 1-year high of $37.90. The business has a 50 day simple moving average of $21.24 and a two-hundred day simple moving average of $21.93. 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 company has a market capitalization of $7.93 billion, a price-to-earnings ratio of -25.20 and a beta of 0.98.

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. The firm had revenue of $298.52 million during 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%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm 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. Research analysts anticipate that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Confluent in a research report on Wednesday, October 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $27.00 price objective on shares of Confluent in a research report on Wednesday, October 29th. FBN Securities reissued an “outperform” rating and issued a $28.00 price target on shares of Confluent in a research note on Tuesday, October 28th. TD Cowen reissued a “hold” rating and set a $24.00 price objective on shares of Confluent in a research report on Thursday, July 31st. Finally, Citigroup reissued a “market outperform” rating 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 issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.