Confluent, Inc. $CFLT Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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 stake in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of Confluent in the 1st quarter valued at about $26,000. Versant Capital Management Inc boosted its holdings in shares of Confluent by 2,458.2% in the 1st quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock valued at $40,000 after buying an additional 1,647 shares during the period. Banque Transatlantique SA acquired a new position in shares of Confluent in the 1st quarter valued at about $43,000. SVB Wealth LLC acquired a new position in shares of Confluent in the 1st quarter valued at about $54,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Confluent by 26.8% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $73,000 after buying an additional 661 shares during the period. 78.09% of the stock is owned by institutional investors and hedge funds.

Confluent Stock Up 2.7%

CFLT stock opened at $19.75 on Tuesday. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of -21.01 and a beta of 0.97. The firm's 50-day moving average is $20.75 and its two-hundred day moving average is $22.63. 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 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $278.32 million. During the same period in the previous year, the firm earned $0.06 EPS. Confluent'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. On average, analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Rohan Sivaram sold 5,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $20.00, for a total value of $100,000.00. Following the sale, the chief financial officer directly owned 631,596 shares in the company, valued at $12,631,920. The trade was a 0.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Vishria sold 30,953 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $20.00, for a total transaction of $619,060.00. Following the completion of the sale, the director owned 1,123,447 shares in the company, valued at $22,468,940. The trade was a 2.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 740,621 shares of company stock worth $13,595,936. Company insiders own 13.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CFLT shares. Stephens started coverage on shares of Confluent in a report on Friday, July 18th. They issued an "overweight" rating and a $31.00 price target for the company. UBS Group decreased their price target on shares of Confluent from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Barclays decreased their price target on shares of Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, August 1st. Royal Bank Of Canada cut their price objective on shares of Confluent from $28.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Finally, Cowen downgraded shares of Confluent from a "buy" rating to a "hold" rating 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $27.36.

Confluent 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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