Confluent (NASDAQ:CFLT) CFO Rohan Sivaram Sells 25,858 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) CFO Rohan Sivaram sold 25,858 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $22.51, for a total value of $582,063.58. Following the sale, the chief financial officer directly owned 599,738 shares in the company, valued at $13,500,102.38. This trade represents a 4.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rohan Sivaram also recently made the following trade(s):

• On Wednesday, October 29th, Rohan Sivaram sold 6,000 shares of Confluent stock. The stock was sold at an average price of $23.76, for a total value of $142,560.00.
• On Monday, September 8th, Rohan Sivaram sold 5,000 shares of Confluent stock. The shares were sold at an average price of $20.00, for a total value of $100,000.00.

Confluent Price Performance

CFLT opened at $21.06 on Tuesday. The firm has a market capitalization of $7.37 billion, a PE ratio of -23.40 and a beta of 0.98. 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 business’s 50-day moving average is $21.95 and its two-hundred day moving average is $22.00. Confluent, Inc. has a 1 year low of $15.64 and a 1 year high of $37.90.

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 business had revenue of $298.52 million during 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 quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Research analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on CFLT shares. Cowen reaffirmed a “hold” rating on shares of Confluent in a research report on Tuesday, October 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Confluent in a report on Wednesday, October 8th. UBS Group set a $28.00 target price on shares of Confluent in a research note on Tuesday, October 28th. DA Davidson boosted their target price on shares of Confluent from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, New Street Research set a $29.00 price target on shares of Confluent in a report on Thursday, October 30th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Confluent has a consensus rating of “Moderate Buy” and an average target price of $27.97.

Institutional Trading of Confluent

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Confluent by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock valued at $623,976,000 after buying an additional 1,791,588 shares during the last quarter. Bank of Montreal Can grew its holdings in Confluent by 28.5% during the second quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock worth $6,507,000 after acquiring an additional 57,928 shares during the period. Nuveen LLC purchased a new position in Confluent during the first quarter valued at approximately $28,791,000. Blair William & Co. IL lifted its holdings in Confluent by 8.6% in the second quarter. Blair William & Co. IL now owns 160,575 shares of the company’s stock valued at $4,003,000 after acquiring an additional 12,654 shares during the period. Finally, Coronation Fund Managers Ltd. purchased a new stake in Confluent in the 2nd quarter worth approximately $10,250,000. 78.09% of the stock is owned by hedge funds and other institutional investors.

Confluent Company Profile

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.