Confluent, Inc. $CFLT Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in Confluent, Inc. (NASDAQ:CFLT) by 22.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,688 shares of the company’s stock after acquiring an additional 25,051 shares during the period. Penserra Capital Management LLC’s holdings in Confluent were worth $3,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Confluent in the second quarter worth approximately $67,000. Bank of Montreal Can grew its stake in shares of Confluent by 28.5% in the 2nd quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock worth $6,507,000 after purchasing an additional 57,928 shares during the last quarter. Pier Capital LLC raised its holdings in shares of Confluent by 50.6% in the 2nd quarter. Pier Capital LLC now owns 464,675 shares of the company’s stock worth $11,584,000 after purchasing an additional 156,166 shares in the last quarter. Amalgamated Bank lifted its stake in Confluent by 17.2% during the second quarter. Amalgamated Bank now owns 19,913 shares of the company’s stock valued at $496,000 after purchasing an additional 2,918 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Confluent by 5.0% during the second quarter. New York Life Investment Management LLC now owns 27,134 shares of the company’s stock valued at $676,000 after purchasing an additional 1,291 shares during the last quarter. Institutional investors own 78.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CFLT. The Goldman Sachs Group upped their price target on Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Raymond James Financial reiterated an “outperform” rating and issued a $30.00 target price (up from $25.00) on shares of Confluent 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 report on Monday, September 1st. Stephens boosted their price target on shares of Confluent from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, Citigroup restated a “market outperform” rating on shares of Confluent in a research report on Tuesday, October 28th. One research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.97.

Confluent Price Performance

NASDAQ CFLT opened at $22.68 on Monday. 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 has a market capitalization of $7.93 billion, a price-to-earnings ratio of -25.20 and a beta of 0.98. The company has a 50 day simple moving average of $21.24 and a 200-day simple moving average of $21.93. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90.

Confluent (NASDAQ:CFLT) last released its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share 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 analyst estimates of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities research analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Confluent

In other Confluent news, CAO Kong Phan sold 4,544 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $19.87, for a total value of $90,289.28. Following the transaction, the chief accounting officer directly owned 232,534 shares of the company’s stock, valued at $4,620,450.58. This represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Rohan Sivaram sold 6,000 shares of Confluent 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 sale, the chief financial officer owned 625,596 shares of the company’s stock, valued at approximately $14,864,160.96. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 839,540 shares of company stock valued at $15,912,656 in the last quarter. Corporate insiders own 13.82% 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.