Eric Vishria Sells 30,953 Shares of Confluent (NASDAQ:CFLT) Stock

Key Points

• Eric Vishria, a director at Confluent, sold 30,953 shares of the company's stock on August 28th for approximately $619,060, reducing his total holdings to 1,123,447 shares.
• Confluent's stock recently traded down 3.4% to $19.18, with a market cap of about $6.61 billion and a price-to-earnings ratio of -20.40.
• The company's latest earnings report showed a quarterly revenue of $282.29 million, exceeding analysts' expectations and marking a 20.1% increase year-over-year.

Confluent, Inc. (NASDAQ:CFLT - Get Free Report) Director Eric Vishria sold 30,953 shares of Confluent stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $20.00, for a total value of $619,060.00. Following the completion of the transaction, the director owned 1,123,447 shares of the company's stock, valued at approximately $22,468,940. This trade represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Eric Vishria also recently made the following trade(s):

• On Thursday, June 5th, Eric Vishria sold 15,476 shares of Confluent stock. The stock was sold at an average price of $25.00, for a total value of $386,900.00.

Confluent Trading Down 3.4%

Shares of Confluent stock traded down $0.68 on Tuesday, reaching $19.18. The company had a trading volume of 6,283,668 shares, compared to its average volume of 6,675,957. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of -20.40 and a beta of 0.97. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.98 and a quick ratio of 3.98. The firm's 50-day moving average price is $21.88 and its two-hundred day moving average price is $23.52. Confluent, Inc. has a 1 year low of $15.64 and a 1 year high of $37.90.

Confluent (NASDAQ:CFLT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $282.29 million during the quarter, compared to analysts' expectations of $278.32 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company'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. As a group, research analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Confluent

Hedge funds have recently bought and sold shares of the stock. Cloud Capital Management LLC purchased a new stake in Confluent in the 1st quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its position in 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 purchasing an additional 1,037 shares in the last quarter. Versant Capital Management Inc boosted its position in Confluent by 2,458.2% in the 1st quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock worth $40,000 after purchasing an additional 1,647 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Confluent in the 2nd quarter worth approximately $49,000. Finally, Banque Transatlantique SA purchased a new stake in Confluent in the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 78.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Raymond James Financial dropped their price objective on Confluent from $30.00 to $25.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus reissued a "hold" rating and set a $21.00 price objective (down from $30.00) on shares of Confluent in a report on Thursday, July 31st. Stephens initiated coverage on shares of Confluent in a report on Friday, July 18th. They set an "overweight" rating and a $31.00 price objective on the stock. Capital One Financial set a $21.00 price objective on shares of Confluent in a report on Thursday, July 31st. Finally, DA Davidson cut their price objective on shares of Confluent from $32.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.36.

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.

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