Confluent (NASDAQ:CFLT) CRO Sells $24,221.53 in Stock

Key Points

• Confluent's Chief Revenue Officer, Ban Ryan Norris Mac, sold 1,219 shares at an average price of $19.87, totaling $24,221.53, reducing his ownership by 0.31%.
• The company reported a 20.1% year-over-year increase in revenue for the last quarter, with earnings per share of $0.09, which surpassed analysts’ expectations.
• Analyst ratings for Confluent are generally positive, with the stock receiving multiple “buy” ratings and a consensus target price of $27.36.

Confluent, Inc. (NASDAQ:CFLT - Get Free Report) CRO Ban Ryan Norris Mac sold 1,219 shares of the company's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $19.87, for a total value of $24,221.53. Following the completion of the transaction, the executive directly owned 396,126 shares in the company, valued at approximately $7,871,023.62. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ban Ryan Norris Mac also recently made the following trade(s):

• On Wednesday, August 20th, Ban Ryan Norris Mac sold 15,200 shares of Confluent stock. The stock was sold at an average price of $17.01, for a total value of $258,552.00.

Confluent Price Performance

Shares of CFLT stock traded down $0.14 on Wednesday, hitting $19.74. 8,144,767 shares of the company's stock were exchanged, compared to its average volume of 6,674,331. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.98 and a quick ratio of 3.98. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The stock has a market cap of $6.81 billion, a P/E ratio of -21.00 and a beta of 0.97. The company has a 50 day moving average of $20.18 and a 200 day moving average of $22.28.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The company had revenue of $282.29 million during the quarter, compared to analysts' expectations of $278.32 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business's quarterly revenue was up 20.1% on a year-over-year basis. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. On average, equities research analysts predict that Confluent, Inc. will post -0.83 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on CFLT. Guggenheim decreased their price objective on Confluent from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. UBS Group cut their price objective on Confluent from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Capital One Financial set a $21.00 target price on Confluent in a research note on Thursday, July 31st. Needham & Company LLC decreased their target price on Confluent from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, Stephens initiated coverage on Confluent in a research note on Friday, July 18th. They issued an "overweight" rating and a $31.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Confluent presently has a consensus rating of "Moderate Buy" and an average target price of $27.36.

Institutional Trading of Confluent

Several institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC increased its position in shares of Confluent by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 10,774 shares of the company's stock worth $301,000 after purchasing an additional 328 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Confluent by 3.4% during the first quarter. Amalgamated Bank now owns 16,995 shares of the company's stock valued at $398,000 after buying an additional 566 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Confluent by 26.8% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $73,000 after purchasing an additional 661 shares during the last quarter. AlphaQuest LLC boosted its holdings in Confluent by 21.7% in the second quarter. AlphaQuest LLC now owns 4,636 shares of the company's stock valued at $116,000 after purchasing an additional 826 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Confluent by 4.4% in the first quarter. M&T Bank Corp now owns 22,496 shares of the company's stock valued at $527,000 after purchasing an additional 956 shares during the last quarter. Institutional investors own 78.09% of the company's stock.

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.

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