Confluent, Inc. $CFLT Position Lessened by Vishria Bird Financial Group LLC

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 decreased its position in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 39.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 744,181 shares of the company's stock after selling 490,748 shares during the period. Confluent accounts for approximately 6.2% of Vishria Bird Financial Group LLC's portfolio, making the stock its 4th largest holding. Vishria Bird Financial Group LLC owned approximately 0.22% of Confluent worth $18,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swedbank AB increased its position in Confluent by 168.0% during the first quarter. Swedbank AB now owns 469,000 shares of the company's stock worth $10,993,000 after purchasing an additional 294,000 shares during the last quarter. Inspire Investing LLC increased its position in Confluent by 21.3% during the first quarter. Inspire Investing LLC now owns 47,408 shares of the company's stock worth $1,111,000 after purchasing an additional 8,312 shares during the last quarter. Rhumbline Advisers increased its position in Confluent by 2.3% during the first quarter. Rhumbline Advisers now owns 295,282 shares of the company's stock worth $6,921,000 after purchasing an additional 6,508 shares during the last quarter. Strs Ohio acquired a new position in Confluent during the first quarter worth approximately $618,000. Finally, SWS Partners increased its position in Confluent by 99.1% during the first quarter. SWS Partners now owns 107,330 shares of the company's stock worth $2,516,000 after purchasing an additional 53,428 shares during the last quarter. Institutional investors and hedge funds own 78.09% of the company's stock.

Insider Activity

In other Confluent news, CFO Rohan Sivaram sold 26,097 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 636,596 shares in the company, valued at $10,828,497.96. This represents a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $17.18, for a total transaction of $3,994,350.00. Following the transaction, the chief executive officer owned 452,488 shares in the company, valued at $7,773,743.84. This trade represents a 33.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 740,621 shares of company stock worth $13,595,936 over the last ninety days. Insiders own 9.20% of the company's stock.

Confluent Price Performance

CFLT opened at $19.24 on Friday. The company has a fifty day simple moving average of $20.87 and a 200 day simple moving average of $22.78. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of -20.47 and a beta of 0.97. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. 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, beating analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $282.29 million during 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%. The business's revenue was up 20.1% on a year-over-year basis. During the same period last 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. Equities research analysts expect that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on CFLT shares. Zacks Research raised shares of Confluent from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Barclays dropped their price objective on shares of Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Citigroup dropped their price objective on shares of Confluent from $30.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. UBS Group dropped their price objective on shares of Confluent from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, DA Davidson dropped their price objective on shares of Confluent from $32.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Two investment analysts have 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.36.

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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