AlTi Global Inc. Acquires New Position in Confluent, Inc. $CFLT

Key Points

• AlTi Global Inc. has acquired a new stake in Confluent, Inc., purchasing 237,752 shares valued at approximately $5.57 million, representing 0.07% of the company's stock.
• Multiple institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their stakes in Confluent during the first quarter, indicating strong institutional interest.
• Confluent's stock recently experienced a decline of 3.4%, with notable insider sales by its CFO and CEO, who collectively sold around 258,597 shares this month.

AlTi Global Inc. acquired a new position in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 237,752 shares of the company's stock, valued at approximately $5,573,000. AlTi Global Inc. owned about 0.07% of Confluent as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CFLT. 1832 Asset Management L.P. acquired a new stake in shares of Confluent during the first quarter worth $48,547,000. Vanguard Group Inc. increased its position in Confluent by 7.2% during the first quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company's stock worth $623,976,000 after purchasing an additional 1,791,588 shares during the last quarter. Alyeska Investment Group L.P. increased its position in Confluent by 220.2% during the first quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company's stock worth $60,882,000 after purchasing an additional 1,786,116 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Confluent during the first quarter worth approximately $39,944,000. Finally, Phoenix Financial Ltd. increased its position in Confluent by 901.4% during the first quarter. Phoenix Financial Ltd. now owns 1,547,112 shares of the company's stock worth $36,269,000 after purchasing an additional 1,392,615 shares during the last quarter. Institutional investors and hedge funds own 78.09% of the company's stock.

Confluent Stock Up 4.3%

CFLT traded up $0.79 during trading hours on Friday, reaching $19.34. 7,858,970 shares of the stock traded hands, compared to its average volume of 8,821,518. The firm's fifty day simple moving average is $21.46 and its two-hundred day simple moving average is $23.24. The company has a market cap of $6.67 billion, a price-to-earnings ratio of -20.57 and a beta of 0.97. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week 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.

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

Analysts Set New Price Targets

Several brokerages recently commented on CFLT. Barclays dropped their price target on shares of Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Piper Sandler dropped their price target on shares of Confluent from $32.00 to $27.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. TD Cowen reaffirmed a "hold" rating and set a $24.00 price target on shares of Confluent in a research report on Thursday, July 31st. Stephens assumed coverage on shares of Confluent in a research note on Friday, July 18th. They set an "overweight" rating and a $31.00 price objective for the company. Finally, UBS Group dropped their price objective on shares of Confluent from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Confluent has an average rating of "Moderate Buy" and an average price target of $27.36.

Insider Buying and Selling at Confluent

In related news, CFO Rohan Sivaram sold 26,097 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total transaction of $443,909.97. Following the completion of the sale, the chief financial officer directly owned 636,596 shares of the company's stock, valued at approximately $10,828,497.96. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kong Phan sold 2,664 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total transaction of $45,314.64. Following the transaction, the chief accounting officer owned 237,078 shares in the company, valued at $4,032,696.78. This trade represents a 1.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 352,785 shares of company stock worth $6,185,488. 9.20% of the stock is currently owned by insiders.

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.