Confluent, Inc. $CFLT is Champlain Investment Partners LLC's 4th Largest Position

Key Points

• Champlain Investment Partners LLC increased its position in Confluent, Inc. by 0.3% during Q1, now holding 10,862,083 shares worth approximately $254.6 million, making it the firm's fourth largest investment.
• Confluent's latest earnings report showed a 20.1% year-over-year revenue increase, with earnings per share of $0.09, beating analyst forecasts.
• Analysts have adjusted their price targets for Confluent, with recent estimates ranging from $24 to $29, reflecting a shift from previous higher values.

Champlain Investment Partners LLC grew its holdings in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 0.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,862,083 shares of the company's stock after buying an additional 27,329 shares during the quarter. Confluent accounts for 1.8% of Champlain Investment Partners LLC's investment portfolio, making the stock its 4th largest position. Champlain Investment Partners LLC owned about 3.19% of Confluent worth $254,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mariner LLC lifted its position in shares of Confluent by 23.1% in the fourth quarter. Mariner LLC now owns 28,359 shares of the company's stock valued at $793,000 after acquiring an additional 5,325 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Confluent by 40.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 208,043 shares of the company's stock valued at $5,819,000 after acquiring an additional 60,346 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Confluent by 2.7% in the fourth quarter. Stifel Financial Corp now owns 42,475 shares of the company's stock valued at $1,188,000 after acquiring an additional 1,136 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Confluent by 19.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 127,306 shares of the company's stock valued at $3,559,000 after acquiring an additional 21,010 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Confluent by 25.9% in the fourth quarter. Northern Trust Corp now owns 1,383,028 shares of the company's stock valued at $38,669,000 after acquiring an additional 284,307 shares in the last quarter. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Rohan Sivaram sold 26,097 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer 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 SEC, which is accessible through this hyperlink. Also, Director Eric Vishria sold 15,476 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 transaction of $386,900.00. Following the sale, the director directly owned 1,154,400 shares in the company, valued at approximately $28,860,000. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 627,117 shares of company stock worth $13,017,274 in the last three months. 9.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CFLT shares. Stifel Nicolaus restated a "hold" rating and issued a $21.00 price target (down from $30.00) on shares of Confluent in a research report on Thursday, July 31st. Citigroup dropped their price target on Confluent from $30.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. TD Cowen restated a "hold" rating and issued a $24.00 price target on shares of Confluent in a research report on Thursday, July 31st. DA Davidson dropped their price target on Confluent from $32.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, Raymond James Financial reduced their price target on shares of Confluent from $30.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $27.36.

Confluent Trading Down 0.9%

Shares of NASDAQ:CFLT traded down $0.19 during mid-day trading on Friday, reaching $19.86. 5,984,950 shares of the company were exchanged, compared to its average volume of 10,172,447. 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 firm has a market cap of $6.85 billion, a price-to-earnings ratio of -21.13 and a beta of 0.96. The firm's 50-day simple moving average is $21.95 and its 200 day simple moving average is $23.71. Confluent, Inc. has a 1 year low of $15.64 and a 1 year 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $282.29 million during the quarter, compared to analysts' expectations of $278.32 million. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The firm's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $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. 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.