Blair William & Co. IL Increases Stock Holdings in Confluent, Inc. $CFLT

Key Points

• Blair William & Co. IL increased its stake in Confluent, Inc. by 8.6% to a total of 160,575 shares, valued at approximately $4 million.
• Director Neha Narkhede sold 153,200 shares of Confluent stock for over $3 million, leading to an 84.29% decrease in her ownership.
• Analysts have generally issued a Moderate Buy rating for Confluent, with a current average price target of $27.43.

Blair William & Co. IL lifted its position in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,575 shares of the company's stock after buying an additional 12,654 shares during the quarter. Blair William & Co. IL's holdings in Confluent were worth $4,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of Confluent in the first quarter worth about $26,000. Farther Finance Advisors LLC raised its stake in Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company's stock valued at $36,000 after purchasing an additional 1,037 shares in the last quarter. Banque Transatlantique SA purchased a new stake in Confluent in the first quarter valued at approximately $43,000. SVB Wealth LLC purchased a new stake in Confluent in the first quarter valued at approximately $54,000. Finally, GAMMA Investing LLC raised its stake in Confluent by 26.8% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $73,000 after purchasing an additional 661 shares in the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Confluent

In other news, Director Neha Narkhede sold 153,200 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total value of $3,041,020.00. Following the transaction, the director owned 28,549 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rohan Sivaram sold 26,097 shares of the firm's 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 $443,909.97. Following the completion of the transaction, the chief financial officer owned 636,596 shares in the company, valued at $10,828,497.96. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 741,584 shares of company stock valued at $13,597,695. 13.82% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC lowered their target price on shares of Confluent from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Wells Fargo & Company assumed coverage on shares of Confluent in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $24.00 target price on the stock. Guggenheim lowered their target price on shares of Confluent from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Barclays lowered their target price on shares of Confluent from $31.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, August 1st. Finally, Stephens started coverage on shares of Confluent in a research report on Friday, July 18th. They set an "overweight" rating and a $31.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.43.

Confluent Stock Up 1.9%

Shares of Confluent stock opened at $23.18 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of -24.66 and a beta of 0.96. The company's 50 day moving average price is $19.25 and its 200-day moving average price is $21.75.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $282.29 million for the quarter, compared to analysts' expectations of $278.32 million. During the same quarter last year, the business earned $0.06 earnings per share. The business's 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. Equities research analysts forecast that Confluent, Inc. will post -0.83 EPS 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.

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