Focus Partners Wealth Purchases 123,967 Shares of Confluent, Inc. $CFLT

Key Points

• Focus Partners Wealth increased its holdings in Confluent, Inc. by 43.4%, purchasing an additional 123,967 shares, bringing its total to 409,461 shares valued at approximately $9.6 million.
• Confluent's recent earnings report showed $0.09 EPS, beating estimates, with a revenue of $282.29 million, marking a 20.1% increase from the previous year.
• Analysts have adjusted their price targets for Confluent, with Oppenheimer lowering it from $32.00 to $26.00, yet the overall consensus remains a "Moderate Buy" with an average target price of $27.36.

Focus Partners Wealth boosted its holdings in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 43.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 409,461 shares of the company's stock after purchasing an additional 123,967 shares during the quarter. Focus Partners Wealth owned about 0.12% of Confluent worth $9,598,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CFLT. Cloud Capital Management LLC bought a new stake in Confluent in the first quarter worth approximately $26,000. Versant Capital Management Inc increased its holdings in Confluent by 2,458.2% in the first quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock worth $40,000 after purchasing an additional 1,647 shares in the last quarter. Banque Transatlantique SA bought a new stake in Confluent in the first quarter worth approximately $43,000. SVB Wealth LLC bought a new stake in shares of Confluent during the first quarter valued at approximately $54,000. Finally, GAMMA Investing LLC increased its holdings in shares of Confluent by 26.8% during the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $73,000 after acquiring an additional 661 shares in the last quarter. 78.09% of the stock is currently owned by institutional investors.

Confluent Stock Performance

Shares of NASDAQ CFLT traded up $0.61 during trading on Thursday, reaching $20.19. 4,779,521 shares of the stock traded hands, compared to its average volume of 7,441,800. Confluent, Inc. has a 52-week low of $15.64 and a 52-week 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 company has a 50-day moving average of $20.43 and a 200-day moving average of $22.52. The stock has a market capitalization of $6.96 billion, a P/E ratio of -21.48 and a beta of 0.97.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, beating 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 firm had revenue of $282.29 million for the quarter, compared to analysts' expectations of $278.32 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business's revenue for the quarter was up 20.1% compared to the same quarter last year. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. Analysts forecast that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CFLT shares. UBS Group decreased their price objective on Confluent from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Cowen downgraded Confluent from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Oppenheimer decreased their price objective on Confluent from $32.00 to $26.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Capital One Financial set a $21.00 price objective on Confluent in a report on Thursday, July 31st. Finally, Barclays decreased their price objective on Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, August 1st. 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 issued a Sell rating to the stock. According to MarketBeat, Confluent presently has an average rating of "Moderate Buy" and an average price target of $27.36.

Insider Activity at Confluent

In other Confluent news, Director Eric Vishria sold 30,953 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $20.00, for a total value of $619,060.00. Following the transaction, the director directly owned 1,123,447 shares in the company, valued at $22,468,940. This represents a 2.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rohan Sivaram sold 5,000 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $20.00, for a total value of $100,000.00. Following the completion of the transaction, the chief financial officer owned 631,596 shares in the company, valued at $12,631,920. This represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 740,621 shares of company stock worth $13,595,936 in the last 90 days. 9.20% of the stock is owned by company insiders.

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.