Alyeska Investment Group L.P. Grows Stake in Confluent, Inc. $CFLT

Key Points

• Alyeska Investment Group L.P. significantly increased its stake in Confluent, Inc. by 220.2% in the first quarter, owning about 2.6 million shares valued at $60.88 million.
• Insider transactions revealed that CEO Edward Jay Kreps and Director Eric Vishria sold shares recently, decreasing their holdings by 9.09% and 2.68%, respectively.
• Confluent has received various analyst ratings, with the consensus forecast suggesting a Moderate Buy with a target price of $27.36 despite recent price target adjustments.

Alyeska Investment Group L.P. raised its holdings in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 220.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,597,346 shares of the company's stock after purchasing an additional 1,786,116 shares during the quarter. Alyeska Investment Group L.P. owned 0.76% of Confluent worth $60,882,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CFLT. Dimensional Fund Advisors LP raised its holdings in shares of Confluent by 40.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 208,043 shares of the company's stock valued at $5,819,000 after buying an additional 60,346 shares during the period. Stifel Financial Corp grew its stake in Confluent by 2.7% during the 4th quarter. Stifel Financial Corp now owns 42,475 shares of the company's stock worth $1,188,000 after purchasing an additional 1,136 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Confluent by 19.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 127,306 shares of the company's stock worth $3,559,000 after purchasing an additional 21,010 shares in the last quarter. Northern Trust Corp grew its stake in Confluent by 25.9% during the 4th quarter. Northern Trust Corp now owns 1,383,028 shares of the company's stock worth $38,669,000 after purchasing an additional 284,307 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Confluent by 756.2% during the 4th quarter. AQR Capital Management LLC now owns 325,539 shares of the company's stock worth $9,102,000 after purchasing an additional 287,519 shares in the last quarter. Hedge funds and other institutional investors own 78.09% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CFLT. Needham & Company LLC lowered their price objective on Confluent from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Barclays lowered their price objective on Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Citigroup lowered their price objective on Confluent from $30.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Stephens began coverage on Confluent in a research report on Friday, July 18th. They set an "overweight" rating and a $31.00 price objective for the company. Finally, TD Cowen reaffirmed a "hold" rating and set a $24.00 price objective on shares of Confluent in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Confluent currently has an average rating of "Moderate Buy" and an average price target of $27.36.

Insider Activity

In other news, CRO Ban Ryan Norris Mac sold 15,200 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total transaction of $258,552.00. Following the completion of the transaction, the executive directly owned 397,345 shares of the company's stock, valued at approximately $6,758,838.45. This represents a 3.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Rohan Sivaram sold 26,097 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total value of $443,909.97. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 352,785 shares of company stock worth $6,185,488 over the last quarter. 13.82% of the stock is owned by insiders.

Confluent Stock Performance

CFLT traded up $0.90 on Monday, hitting $20.24. 9,582,519 shares of the company traded hands, compared to its average volume of 6,708,071. The company has a 50 day moving average of $21.46 and a 200-day moving average of $23.11. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $6.98 billion, a PE ratio of -21.53 and a beta of 0.97. Confluent, Inc. has a 12-month low of $15.64 and a 12-month high of $37.90.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, beating 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 firm's revenue was up 20.1% compared to the same quarter last year. During the same period in the prior 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. Sell-side analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current year.

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.