SWS Partners Raises Stake in Confluent, Inc. $CFLT

SWS Partners boosted its position in Confluent, Inc. (NASDAQ:CFLT) by 29.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 139,464 shares of the company’s stock after purchasing an additional 32,134 shares during the period. SWS Partners’ holdings in Confluent were worth $3,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CFLT. Wealth Enhancement Advisory Services LLC boosted its stake in Confluent by 36.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,763 shares of the company’s stock worth $860,000 after buying an additional 8,204 shares in the last quarter. California State Teachers Retirement System boosted its stake in Confluent by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 223,043 shares of the company’s stock worth $6,236,000 after buying an additional 1,334 shares in the last quarter. Versant Capital Management Inc boosted its stake in Confluent by 2,458.2% in the first quarter. Versant Capital Management Inc now owns 1,714 shares of the company’s stock worth $40,000 after buying an additional 1,647 shares in the last quarter. GAMMA Investing LLC boosted its stake in Confluent by 2,872.0% in the first quarter. GAMMA Investing LLC now owns 73,320 shares of the company’s stock worth $1,719,000 after buying an additional 70,853 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Confluent by 2.3% in the first quarter. Rhumbline Advisers now owns 295,282 shares of the company’s stock worth $6,921,000 after buying an additional 6,508 shares in the last quarter. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Confluent Stock Performance

Shares of CFLT stock opened at $19.79 on Monday. The stock has a fifty day moving average of $19.84 and a 200 day moving average of $22.14. 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 $6.82 billion, a price-to-earnings ratio of -21.05 and a beta of 0.97. 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 announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The company had revenue of $282.29 million during the quarter, compared to analyst estimates of $278.32 million. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. As a group, research analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current year.

Analysts Set New Price Targets

CFLT has been the subject of a number of analyst reports. Guggenheim dropped their price objective on Confluent from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Citigroup dropped their price objective on Confluent from $30.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. UBS Group dropped their price objective on Confluent from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Oppenheimer dropped their price objective on Confluent from $32.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, Raymond James Financial dropped their price objective on Confluent from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Confluent presently has an average rating of “Moderate Buy” and an average price target of $27.36.

Insider Buying and Selling

In other Confluent news, CFO Rohan Sivaram sold 5,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $20.00, for a total value of $100,000.00. Following the completion of the transaction, the chief financial officer owned 631,596 shares in the company, valued at approximately $12,631,920. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Vishria sold 30,953 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $20.00, for a total value of $619,060.00. Following the completion of the transaction, the director owned 1,123,447 shares of the company’s stock, valued at approximately $22,468,940. This trade represents a 2.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 741,584 shares of company stock valued at $13,597,695 over the last three months. 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.