Lisanti Capital Growth LLC Invests $1.49 Million in Confluent, Inc. $CFLT

Lisanti Capital Growth LLC purchased a new position in Confluent, Inc. (NASDAQ:CFLT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,845 shares of the company’s stock, valued at approximately $1,492,000.

Several other institutional investors also recently added to or reduced their stakes in CFLT. Farther Finance Advisors LLC lifted its holdings in shares of Confluent by 252.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after buying an additional 1,037 shares during the period. Banque Transatlantique SA bought a new stake in shares of Confluent in the first quarter valued at about $43,000. SVB Wealth LLC purchased a new stake in Confluent in the first quarter worth about $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Confluent during the 2nd quarter worth about $67,000. Finally, PNC Financial Services Group Inc. increased its position in Confluent by 39.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company’s stock valued at $95,000 after purchasing an additional 1,143 shares during the period. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Wall Street Analyst Weigh In

CFLT has been the subject of several recent analyst reports. Needham & Company LLC reduced their price objective on shares of Confluent from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Barclays increased their price target on shares of Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Citigroup restated a “market outperform” rating on shares of Confluent in a research report on Tuesday, October 28th. TD Cowen reaffirmed a “hold” rating and set a $24.00 price objective on shares of Confluent in a research note on Thursday, July 31st. Finally, Robert W. Baird upped their price objective on shares of Confluent from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.97.

Confluent Price Performance

Shares of NASDAQ CFLT opened at $22.68 on Friday. The stock has a market cap of $7.93 billion, a P/E ratio of -25.20 and a beta of 0.98. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. The stock has a 50 day moving average of $21.24 and a two-hundred day moving average of $21.93. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.98.

Confluent (NASDAQ:CFLT) last released its quarterly earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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%. Confluent’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior 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. On average, research analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

Insider Transactions at Confluent

In related news, Director Eric Vishria sold 30,953 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $20.00, for a total value of $619,060.00. Following the completion of the sale, the director owned 1,123,447 shares in the company, valued at $22,468,940. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $17.18, for a total value of $3,994,350.00. Following the completion of the transaction, the chief executive officer owned 452,488 shares of the company’s stock, valued at $7,773,743.84. The trade was a 33.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 839,540 shares of company stock worth $15,912,656 over the last quarter. 9.20% of the stock is currently owned by corporate insiders.

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.