UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Stake in Confluent, Inc. $CFLT

Key Points

• UBS Asset Management increased its stake in Confluent, Inc. by 3.7%, bringing its total ownership to approximately 1.2 million shares valued at $28.2 million as of the first quarter.
• Confluent reported a 20.1% increase in year-over-year revenue for the quarter, totaling $282.29 million, while also surpassing earnings expectations with an EPS of $0.09.
• Insider trading activity showed CFO Rohan Sivaram and Director Eric Vishria selling shares for a total of $719,060, marking a decrease of 0.79% and 2.68% in their respective positions.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 3.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,204,129 shares of the company's stock after acquiring an additional 43,050 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.35% of Confluent worth $28,225,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on CFLT shares. Stephens started coverage on Confluent in a research note on Friday, July 18th. They issued an "overweight" rating and a $31.00 price objective for the company. Royal Bank Of Canada reduced their price objective on Confluent from $28.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Cowen lowered Confluent from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Guggenheim cut their price target on Confluent from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Finally, Piper Sandler cut their price target on Confluent from $32.00 to $27.00 and set an "overweight" 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.36.

Confluent Stock Performance

NASDAQ:CFLT traded down $0.14 during mid-day trading on Friday, hitting $20.05. The company's stock had a trading volume of 7,758,363 shares, compared to its average volume of 7,382,603. Confluent, Inc. has a 1 year low of $15.64 and a 1 year high of $37.90. 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 stock has a market cap of $6.91 billion, a price-to-earnings ratio of -21.33 and a beta of 0.97. The business's fifty day moving average is $20.35 and its two-hundred day moving average is $22.45.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The company had revenue of $282.29 million for the quarter, compared to analyst estimates of $278.32 million. During the same period in the prior year, the company earned $0.06 earnings per share. The firm's revenue was up 20.1% on a year-over-year basis. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. Analysts anticipate that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling at Confluent

In other news, CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $18.66, for a total transaction of $4,338,450.00. Following the sale, the chief executive officer directly owned 377,074 shares of the company's stock, valued at $7,036,200.84. This represents a 38.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Ban Ryan Norris Mac sold 15,200 shares of the company'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 transaction, the executive owned 397,345 shares of the company's stock, valued at approximately $6,758,838.45. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 735,821 shares of company stock worth $13,483,184. 9.20% of the stock is currently owned by company 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.