Amundi Sells 15,841 Shares of Confluent, Inc. $CFLT

Amundi reduced its stake in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,986,204 shares of the company's stock after selling 15,841 shares during the period. Amundi owned 0.58% of Confluent worth $46,557,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in Confluent in the first quarter worth $26,000. Versant Capital Management Inc lifted its position in Confluent by 2,458.2% during the 1st quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock worth $40,000 after acquiring an additional 1,647 shares during the last quarter. SVB Wealth LLC acquired a new position in Confluent during the 1st quarter worth $54,000. GAMMA Investing LLC lifted its position in Confluent by 26.8% during the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock worth $73,000 after acquiring an additional 661 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Confluent by 39.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company's stock worth $95,000 after acquiring an additional 1,143 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Cowen lowered shares of Confluent from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Piper Sandler cut their price objective 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. Oppenheimer cut their price objective on shares of Confluent from $32.00 to $26.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. TD Cowen reissued a "hold" rating and issued a $24.00 price target on shares of Confluent in a research report on Thursday, July 31st. Finally, Needham & Company LLC dropped their price target on shares of Confluent from $26.00 to $24.00 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 given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.36.

Insider Buying and Selling

In other Confluent news, CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction 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 in the company, valued at approximately $7,036,200.84. This trade represents a 38.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Rohan Sivaram sold 5,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $20.00, for a total transaction of $100,000.00. Following the completion of the sale, the chief financial officer owned 631,596 shares in the company, valued at approximately $12,631,920. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 740,621 shares of company stock valued at $13,595,936. 9.20% of the stock is owned by company insiders.

Confluent Trading Up 1.1%

NASDAQ CFLT traded up $0.21 during trading hours on Friday, hitting $19.66. The company's stock had a trading volume of 1,371,635 shares, compared to its average volume of 6,676,418. The stock has a fifty day moving average of $21.02 and a 200 day moving average of $22.91. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. The firm has a market capitalization of $6.78 billion, a P/E ratio of -20.91 and a beta of 0.97. 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 announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $282.29 million for 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%. Confluent's 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 research analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current fiscal 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.