Insider Selling: Confluent (NASDAQ:CFLT) Director Sells $709,500.00 in Stock

Confluent, Inc. (NASDAQ:CFLT) Director Neha Narkhede sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $23.65, for a total value of $709,500.00. Following the completion of the transaction, the director owned 28,549 shares of the company’s stock, valued at approximately $675,183.85. This represents a 51.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Neha Narkhede also recently made the following trade(s):

• On Tuesday, September 9th, Neha Narkhede sold 153,200 shares of Confluent stock. The shares were sold at an average price of $19.85, for a total value of $3,041,020.00.

Confluent Stock Down 0.6%

CFLT stock opened at $23.37 on Monday. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. The company has a market cap of $8.18 billion, a price-to-earnings ratio of -25.97 and a beta of 0.98. The business has a 50 day moving average price of $20.85 and a two-hundred day moving average price of $21.87. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98.

Confluent (NASDAQ:CFLT) last released its quarterly earnings data 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. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The company had revenue of $298.52 million during the quarter, compared to analysts’ expectations of $292.69 million. During the same period last year, the firm posted $0.10 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. Analysts anticipate that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CFLT shares. Wolfe Research reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Confluent in a research report on Tuesday, October 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $30.00 price objective (up from $25.00) on shares of Confluent in a research report on Tuesday, October 28th. Morgan Stanley raised their price objective on Confluent from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Confluent in a research report on Wednesday, October 8th. Finally, FBN Securities reissued an “outperform” rating and set a $28.00 price target on shares of Confluent in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.97.

Institutional Trading of Confluent

Several hedge funds have recently added to or reduced their stakes in CFLT. GAMMA Investing LLC lifted its holdings in Confluent by 26.8% during the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock worth $73,000 after purchasing an additional 661 shares during the last quarter. Amalgamated Bank raised its holdings in Confluent by 3.4% in the 1st quarter. Amalgamated Bank now owns 16,995 shares of the company’s stock valued at $398,000 after acquiring an additional 566 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Confluent by 16.8% in the 1st quarter. Teacher Retirement System of Texas now owns 84,684 shares of the company’s stock valued at $1,985,000 after acquiring an additional 12,169 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Confluent by 47.3% in the 1st quarter. Principal Financial Group Inc. now owns 528,171 shares of the company’s stock valued at $12,380,000 after acquiring an additional 169,576 shares in the last quarter. Finally, Impax Asset Management Group plc raised its holdings in Confluent by 56.6% in the 1st quarter. Impax Asset Management Group plc now owns 34,311 shares of the company’s stock valued at $804,000 after acquiring an additional 12,399 shares in the last quarter. 78.09% of the stock is owned by institutional investors and hedge funds.

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.