320,621 Shares in Confluent, Inc. $CFLT Bought by Bourgeon Capital Management LLC

Key Points

• Bourgeon Capital Management LLC purchased 320,621 shares of Confluent, Inc. for approximately $7.99 million, increasing its stake to around 0.09% of the company.
• Insider activity is significant, with Director Neha Narkhede selling 153,200 shares and CEO Edward Jay Kreps selling 232,500 shares, indicating a notable reduction in their ownership percentages.
• Multiple analysts have adjusted their target prices for Confluent, with Raymond James Financial lowering its target from $30 to $25, and several other firms following suit, reflecting cautious sentiment around the stock.

Bourgeon Capital Management LLC purchased a new stake in Confluent, Inc. (NASDAQ:CFLT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 320,621 shares of the company's stock, valued at approximately $7,993,000. Bourgeon Capital Management LLC owned about 0.09% of Confluent at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CFLT. 1832 Asset Management L.P. bought a new stake in shares of Confluent in the 1st quarter valued at about $48,547,000. Vanguard Group Inc. grew its position in shares of Confluent by 7.2% in 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. Alyeska Investment Group L.P. grew its position in shares of Confluent by 220.2% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company's stock valued at $60,882,000 after buying an additional 1,786,116 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Confluent in the 1st quarter valued at about $39,944,000. Finally, Phoenix Financial Ltd. grew its position in shares of Confluent by 901.4% in the 1st quarter. Phoenix Financial Ltd. now owns 1,547,112 shares of the company's stock valued at $36,269,000 after buying an additional 1,392,615 shares during the last quarter. Institutional investors own 78.09% of the company's stock.

Insider Activity at Confluent

In related news, Director Neha Narkhede sold 153,200 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the completion of the sale, the director directly owned 28,549 shares of the company's stock, valued at approximately $566,697.65. This trade represents a 84.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $18.66, for a total value of $4,338,450.00. Following the sale, the chief executive officer directly owned 377,074 shares of the company's stock, valued at $7,036,200.84. The trade was a 38.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 741,584 shares of company stock valued at $13,597,695 in the last ninety days. Insiders own 9.20% of the company's stock.

Analyst Upgrades and Downgrades

CFLT has been the topic of several research analyst reports. Raymond James Financial cut their target price on Confluent from $30.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Guggenheim cut their target price on Confluent from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Needham & Company LLC cut their target price on Confluent from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Capital One Financial set a $21.00 target price on Confluent in a research report on Thursday, July 31st. Finally, TD Cowen restated a "hold" rating and set a $24.00 target price on shares of Confluent in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.36.

Confluent Stock Performance

Shares of Confluent stock opened at $20.11 on Tuesday. The company has a market cap of $6.93 billion, a PE ratio of -21.39 and a beta of 0.97. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The business has a 50 day moving average price of $19.73 and a 200-day moving average price of $22.09. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03.

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

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