Insider Selling: Confluent (NASDAQ:CFLT) Director Sells $707,100.00 in Stock

Confluent, Inc. (NASDAQ:CFLT) Director Neha Narkhede sold 30,000 shares of Confluent stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $23.57, for a total value of $707,100.00. Following the sale, the director directly owned 28,549 shares of the company’s stock, valued at approximately $672,899.93. The trade was a 51.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, October 29th, Neha Narkhede sold 30,000 shares of Confluent stock. The stock was sold at an average price of $23.65, for a total value of $709,500.00.
• On Tuesday, September 9th, Neha Narkhede sold 153,200 shares of Confluent stock. The stock was sold at an average price of $19.85, for a total value of $3,041,020.00.

Confluent Trading Up 0.3%

NASDAQ:CFLT opened at $22.68 on Friday. The company has a market capitalization of $7.93 billion, a P/E ratio of -25.20 and a beta of 0.98. The stock’s 50 day moving average price is $21.24 and its 200 day moving average price is $21.92. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90.

Confluent (NASDAQ:CFLT) last posted its 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 firm 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%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. On average, research analysts forecast that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have 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 acquiring an additional 1,037 shares during the last quarter. True Wealth Design LLC acquired a new position in Confluent during the 3rd quarter valued at $36,000. Banque Transatlantique SA bought a new stake in Confluent in the 1st quarter valued at $43,000. Elevation Point Wealth Partners LLC bought a new stake in Confluent in the 2nd quarter valued at $49,000. Finally, SVB Wealth LLC acquired a new stake in Confluent in the 1st quarter worth $54,000. 78.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CFLT shares. Barclays upped their price objective on shares of Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Zacks Research upgraded Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. TD Cowen reissued a “hold” rating and set a $24.00 price objective on shares of Confluent in a report on Thursday, July 31st. Mizuho boosted their target price on Confluent from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, Oppenheimer upped their target price on Confluent from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.97.

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.