Vishria Bird Financial Group LLC Reduces Holdings in Confluent, Inc. $CFLT

Key Points

• Vishria Bird Financial Group LLC has reduced its holdings in Confluent, Inc. by 39.7%, now owning 744,181 shares worth approximately $18.55 million, making it the fourth largest position in their portfolio.
• Institutional investors collectively own 78.09% of Confluent's stock, with notable increases in positions from firms like Swedbank AB and SWS Partners during the first quarter.
• Confluent reported a 20.1% year-over-year revenue growth, with earnings per share of $0.09, beating analysts' expectations, despite a negative net margin of 29.27%.

Vishria Bird Financial Group LLC cut its holdings in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 39.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 744,181 shares of the company's stock after selling 490,748 shares during the quarter. Confluent comprises 6.2% of Vishria Bird Financial Group LLC's holdings, making the stock its 4th biggest position. Vishria Bird Financial Group LLC owned approximately 0.22% of Confluent worth $18,552,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in shares of Confluent by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 10,774 shares of the company's stock worth $301,000 after purchasing an additional 328 shares in the last quarter. Amalgamated Bank increased its holdings in Confluent by 3.4% during the first quarter. Amalgamated Bank now owns 16,995 shares of the company's stock worth $398,000 after buying an additional 566 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 661 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Confluent by 4.4% in the 1st quarter. M&T Bank Corp now owns 22,496 shares of the company's stock valued at $527,000 after purchasing an additional 956 shares during the period. Finally, Cloud Capital Management LLC acquired a new stake in Confluent in the 1st quarter valued at about $26,000. Institutional investors own 78.09% of the company's stock.

Wall Street Analysts Forecast Growth

CFLT has been the subject of a number of recent analyst reports. Stephens initiated coverage on Confluent in a research report on Friday, July 18th. They issued an "overweight" rating and a $31.00 price objective for the company. TD Cowen restated a "hold" rating and set a $24.00 target price on shares of Confluent in a research report on Thursday, July 31st. Royal Bank Of Canada dropped their price target on Confluent from $28.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Guggenheim reduced their price target on shares of Confluent from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Finally, DA Davidson cut their target price on Confluent from $32.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Confluent presently has an average rating of "Moderate Buy" and a consensus target price of $27.36.

Insider Activity

In related news, CRO Ban Ryan Norris Mac sold 15,200 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total transaction of $258,552.00. Following the sale, the executive owned 397,345 shares of the company's stock, valued at $6,758,838.45. This trade represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Neha Narkhede sold 153,200 shares of Confluent stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total value of $3,041,020.00. Following the sale, the director directly owned 28,549 shares of the company's stock, valued at approximately $566,697.65. This represents a 84.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 735,821 shares of company stock valued at $13,483,184. Company insiders own 9.20% of the company's stock.

Confluent Stock Down 0.1%

CFLT stock traded down $0.02 during midday trading on Friday, hitting $20.17. The company's stock had a trading volume of 1,341,280 shares, compared to its average volume of 6,645,259. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The firm's 50-day moving average is $20.43 and its 200-day moving average is $22.52. The company has a market cap of $6.95 billion, a PE ratio of -21.37 and a beta of 0.97. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03.

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, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $282.29 million for the quarter, compared to the consensus estimate of $278.32 million. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The company's quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $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. On average, equities research analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

About Confluent

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.