Nomura Asset Management Co. Ltd. Sells 203,700 Shares of Confluent, Inc. $CFLT

Nomura Asset Management Co. Ltd. cut its holdings in Confluent, Inc. (NASDAQ:CFLT) by 20.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 797,300 shares of the company’s stock after selling 203,700 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Confluent were worth $19,877,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CFLT. Farther Finance Advisors LLC grew its holdings in 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 purchasing an additional 1,037 shares during the period. Banque Transatlantique SA purchased a new position in shares of Confluent during the first quarter valued at approximately $43,000. SVB Wealth LLC bought a new stake in shares of Confluent in the 1st quarter worth approximately $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Confluent in the 2nd quarter worth approximately $67,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Confluent by 39.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company’s stock worth $95,000 after buying an additional 1,143 shares during the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Confluent

In related news, CAO Kong Phan sold 4,544 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $19.87, for a total value of $90,289.28. Following the sale, the chief accounting officer owned 232,534 shares in the company, valued at approximately $4,620,450.58. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Rohan Sivaram sold 6,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $23.76, for a total transaction of $142,560.00. Following the sale, the chief financial officer owned 625,596 shares of the company’s stock, valued at approximately $14,864,160.96. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 757,872 shares of company stock valued at $15,998,727 over the last quarter. 13.82% of the stock is owned by company insiders.

Confluent Price Performance

NASDAQ CFLT opened at $22.66 on Wednesday. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90. The stock has a 50-day moving average of $21.80 and a 200 day moving average of $21.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of -25.18 and a beta of 0.98.

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 the consensus estimate of $0.10 by $0.03. The business had revenue of $298.52 million for 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 business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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, sell-side analysts forecast that Confluent, Inc. will post -0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CFLT. The Goldman Sachs Group lifted their price objective on Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Needham & Company LLC lowered their price target on Confluent from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Zacks Research upgraded shares of Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. UBS Group set a $28.00 price objective on shares of Confluent in a research report on Tuesday, October 28th. Finally, Truist Financial lifted their target price on shares of Confluent from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. One equities research 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.97.

Confluent 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.