Confluent, Inc. $CFLT Shares Sold by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Confluent, Inc. by 2.4%, holding 2,256,418 shares valued at approximately $52.89 million as of the latest SEC filing.
• Confluent reported $282.29 million in revenue for the last quarter, exceeding analyst estimates, while the company achieved an EPS of $0.09, surpassing the consensus estimate of $0.08.
• Analysts have varying price targets for Confluent's stock, with a consensus average target price of $27.36, reflecting a "Moderate Buy" rating based on the current market sentiment.

Fuller & Thaler Asset Management Inc. lowered its position in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,256,418 shares of the company's stock after selling 56,088 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.66% of Confluent worth $52,890,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Confluent by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company's stock worth $623,976,000 after buying an additional 1,791,588 shares during the last quarter. Phoenix Financial Ltd. raised its position in shares of Confluent by 901.4% during the 1st quarter. Phoenix Financial Ltd. now owns 1,547,112 shares of the company's stock worth $36,269,000 after acquiring an additional 1,392,615 shares in the last quarter. Nuveen LLC purchased a new stake in Confluent during the first quarter worth approximately $28,791,000. Vishria Bird Financial Group LLC lifted its stake in Confluent by 1,301.3% during the first quarter. Vishria Bird Financial Group LLC now owns 1,234,929 shares of the company's stock worth $28,947,000 after purchasing an additional 1,146,803 shares during the last quarter. Finally, Greenhouse Funds LLLP boosted its holdings in Confluent by 102.2% in the fourth quarter. Greenhouse Funds LLLP now owns 1,820,446 shares of the company's stock valued at $50,900,000 after purchasing an additional 919,997 shares in the last quarter. 78.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Kong Phan sold 2,664 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total value of $45,314.64. Following the completion of the sale, the chief accounting officer owned 237,078 shares in the company, valued at $4,032,696.78. This trade represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lara Caimi sold 2,864 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $24.10, for a total transaction of $69,022.40. Following the sale, the director directly owned 4,296 shares in the company, valued at approximately $103,533.60. This represents a 40.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 627,117 shares of company stock valued at $13,017,274 in the last quarter. Corporate insiders own 9.20% of the company's stock.

Confluent Stock Performance

Shares of CFLT stock traded up $0.51 during midday trading on Friday, hitting $17.79. The company had a trading volume of 8,778,537 shares, compared to its average volume of 11,773,086. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of -18.93 and a beta of 0.96. 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 company's 50 day simple moving average is $22.44 and its 200 day simple moving average is $24.20. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $282.29 million for 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%. Confluent's quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm posted $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. Research analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CFLT. Robert W. Baird cut their price objective on shares of Confluent from $37.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Barclays cut their price target on shares of Confluent from $31.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, August 1st. JMP Securities decreased their price objective on shares of Confluent from $40.00 to $36.00 and set a "market outperform" rating for the company in a research note on Thursday, May 1st. UBS Group dropped their price objective on Confluent from $32.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Raymond James Financial reduced their target price on Confluent from $30.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.