Nuveen LLC Takes Position in Confluent, Inc. $CFLT

Nuveen LLC purchased a new stake in Confluent, Inc. (NASDAQ:CFLT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,228,298 shares of the company's stock, valued at approximately $28,791,000. Nuveen LLC owned 0.36% of Confluent at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CFLT. ProShare Advisors LLC raised its position in Confluent by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 10,774 shares of the company's stock valued at $301,000 after purchasing an additional 328 shares during the last quarter. Amalgamated Bank raised its stake in Confluent by 3.4% during the first quarter. Amalgamated Bank now owns 16,995 shares of the company's stock worth $398,000 after buying an additional 566 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Confluent by 26.8% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock worth $73,000 after acquiring an additional 661 shares in the last quarter. Jasper Ridge Partners L.P. increased its holdings in Confluent by 4.8% in the fourth quarter. Jasper Ridge Partners L.P. now owns 14,409 shares of the company's stock worth $403,000 after purchasing an additional 664 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of Confluent by 4.4% in the 1st quarter. M&T Bank Corp now owns 22,496 shares of the company's stock valued at $527,000 after acquiring an additional 956 shares in the last quarter. Institutional investors and hedge funds own 78.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CFLT shares. UBS Group decreased their price target on shares of Confluent from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus reaffirmed a "hold" rating and issued a $21.00 target price (down from $30.00) on shares of Confluent in a research report on Thursday, July 31st. Capital One Financial set a $21.00 price objective on Confluent in a report on Thursday, July 31st. Robert W. Baird decreased their price objective on Confluent from $37.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, Oppenheimer decreased their price objective on Confluent from $32.00 to $26.00 and set an "outperform" rating for the company 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $27.36.

Insider Buying and Selling

In other news, Director Michelangelo Volpi sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the director directly owned 267,079 shares of the company's stock, valued at $6,676,975. This represents a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Neha Narkhede sold 20,000 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $22.82, for a total value of $456,400.00. Following the completion of the transaction, the director owned 20,247 shares of the company's stock, valued at $462,036.54. This trade represents a 49.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 545,449 shares of company stock valued at $11,626,970 over the last quarter. Corporate insiders own 9.20% of the company's stock.

Confluent Stock Up 1.0%

Shares of NASDAQ CFLT traded up $0.1750 during trading on Thursday, hitting $17.2950. The stock had a trading volume of 3,859,114 shares, compared to its average volume of 6,530,836. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. 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 company has a market capitalization of $5.96 billion, a PE ratio of -18.40 and a beta of 0.96. The firm has a fifty day moving average of $22.70 and a two-hundred day moving average of $24.36.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The business had revenue of $282.29 million during the quarter, compared to the consensus estimate of $278.32 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm's quarterly revenue was up 20.1% compared to the same quarter last year. 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, equities research analysts forecast that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

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.