Confluent, Inc. $CFLT Shares Purchased by Infinitum Asset Management LLC

Key Points

• Infinitum Asset Management LLC increased its stake in Confluent, Inc. by 46.7% in Q1, now owning 550,000 shares worth approximately $12.9 million.
• Multiple institutional investors, including Vanguard Group and Alyeska Investment Group, have also increased their holdings, with institutional ownership of Confluent now at 78.09%.
• Confluent's share price has experienced a decrease in target price from various analysts, with Citigroup reducing its target from $30 to $20, indicating a mixed outlook on the stock.

Infinitum Asset Management LLC lifted its holdings in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 46.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 550,000 shares of the company's stock after purchasing an additional 175,000 shares during the quarter. Confluent accounts for about 4.2% of Infinitum Asset Management LLC's investment portfolio, making the stock its 7th biggest holding. Infinitum Asset Management LLC owned 0.16% of Confluent worth $12,892,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. bought a new stake in Confluent in the 1st quarter worth approximately $48,547,000. Vanguard Group Inc. grew its holdings in shares of Confluent by 7.2% in the first quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company's stock worth $623,976,000 after acquiring an additional 1,791,588 shares during the period. Alyeska Investment Group L.P. grew its holdings in shares of Confluent by 220.2% in the first quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company's stock worth $60,882,000 after acquiring an additional 1,786,116 shares during the period. Driehaus Capital Management LLC purchased a new stake in Confluent during the first quarter valued at $39,944,000. Finally, Phoenix Financial Ltd. lifted its holdings in Confluent by 901.4% in the first quarter. Phoenix Financial Ltd. now owns 1,547,112 shares of the company's stock valued at $36,269,000 after acquiring an additional 1,392,615 shares during the period. Hedge funds and other institutional investors own 78.09% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CFLT. Capital One Financial set a $21.00 price target on Confluent in a report on Thursday, July 31st. Cowen cut Confluent from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. UBS Group lowered their price objective on Confluent from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Wells Fargo & Company cut their target price on Confluent from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. 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 objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Confluent currently has a consensus rating of "Moderate Buy" and an average price target of $27.36.

Confluent Trading Down 0.7%

NASDAQ:CFLT traded down $0.15 during midday trading on Friday, hitting $19.31. The stock had a trading volume of 2,115,940 shares, compared to its average volume of 6,681,150. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average of $21.02 and a 200 day moving average of $22.91. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of -20.54 and a beta of 0.97. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The company had revenue of $282.29 million during 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%. Confluent's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, sell-side analysts forecast that Confluent, Inc. will post -0.83 EPS for the current year.

Insider Buying and Selling at Confluent

In other news, CEO Edward Jay Kreps sold 232,500 shares of the firm's stock in a transaction dated 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Ban Ryan Norris Mac sold 15,200 shares of Confluent stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total transaction of $258,552.00. Following the completion of the transaction, the executive directly owned 397,345 shares in the company, valued at $6,758,838.45. This represents a 3.68% 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 currently owned by corporate insiders.

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.