Diversified Trust Co Has $2.47 Million Stake in Confluent, Inc. $CFLT

Key Points

• Diversified Trust Co increased its stake in Confluent, Inc. by 25.3% during the second quarter, holding 99,235 shares valued at approximately $2.47 million.
• Confluent's stock has a consensus rating of "Moderate Buy" with an average price target of $27.36, despite recent price objective reductions from several analysts.
• Insider trading activity included the sale of 735,821 shares worth around $13.48 million in the last quarter by company insiders.

Diversified Trust Co grew its holdings in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 25.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,235 shares of the company's stock after buying an additional 20,062 shares during the quarter. Diversified Trust Co's holdings in Confluent were worth $2,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CFLT. Vanguard Group Inc. increased its holdings in shares of Confluent by 7.2% during the first quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company's stock valued at $623,976,000 after purchasing an additional 1,791,588 shares during the period. Nuveen LLC bought a new stake in shares of Confluent during the first quarter valued at approximately $28,791,000. Principal Financial Group Inc. boosted its holdings in Confluent by 47.3% during the first quarter. Principal Financial Group Inc. now owns 528,171 shares of the company's stock valued at $12,380,000 after purchasing an additional 169,576 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Confluent by 3.4% in the 1st quarter. Amalgamated Bank now owns 16,995 shares of the company's stock worth $398,000 after buying an additional 566 shares in the last quarter. Finally, Strs Ohio bought a new stake in Confluent in the first quarter valued at $618,000. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Confluent

In other Confluent news, CEO Edward Jay Kreps sold 232,500 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Neha Narkhede sold 153,200 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total value of $3,041,020.00. Following the transaction, the director owned 28,549 shares in the company, valued at approximately $566,697.65. This trade represents a 84.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 735,821 shares of company stock valued at $13,483,184 in the last 90 days. Corporate insiders own 13.82% of the company's stock.

Confluent Trading Down 1.3%

Shares of Confluent stock traded down $0.27 during trading hours on Tuesday, hitting $19.95. The company's stock had a trading volume of 2,458,229 shares, compared to its average volume of 6,653,326. 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 has a market capitalization of $6.88 billion, a PE ratio of -21.29 and a beta of 0.97. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The stock has a 50 day moving average of $20.27 and a 200 day moving average of $22.30.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The business had revenue of $282.29 million during the quarter, compared to the consensus estimate of $278.32 million. During the same period last year, the company earned $0.06 earnings per share. Confluent's quarterly 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 predict that Confluent, Inc. will post -0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Needham & Company LLC lowered their price target on Confluent from $26.00 to $24.00 and set a "buy" rating on the stock in a research report 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 on the stock in a research note on Thursday, July 31st. DA Davidson cut their price target on Confluent from $32.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada cut their price target on Confluent from $28.00 to $25.00 and set an "outperform" rating on the stock 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company 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.