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

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 acquiring an additional 1,791,588 shares during the last quarter. Nuveen LLC acquired a new position in Confluent during the 1st quarter worth $28,791,000. Principal Financial Group Inc. lifted its position in Confluent by 47.3% during the 1st quarter. Principal Financial Group Inc. now owns 528,171 shares of the company's stock worth $12,380,000 after acquiring an additional 169,576 shares during the last quarter. Amalgamated Bank lifted its position in Confluent by 3.4% during the 1st quarter. Amalgamated Bank now owns 16,995 shares of the company's stock worth $398,000 after acquiring an additional 566 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Confluent by 5.2% during the 4th quarter. Janus Henderson Group PLC now owns 107,900 shares of the company's stock worth $3,017,000 after acquiring an additional 5,300 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CRO Ban Ryan Norris Mac sold 15,200 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total transaction of $258,552.00. Following the sale, the executive directly owned 397,345 shares of the company's stock, valued at $6,758,838.45. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rohan Sivaram sold 5,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. Following the sale, the chief financial officer directly owned 631,596 shares in the company, valued at $12,631,920. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 740,621 shares of company stock valued at $13,595,936. Corporate insiders own 13.82% of the company's stock.

Confluent Price Performance

NASDAQ:CFLT traded down $0.22 during mid-day trading on Tuesday, hitting $19.53. The company's stock had a trading volume of 5,870,458 shares, compared to its average volume of 6,696,255. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of -20.78 and a beta of 0.97. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The stock has a fifty day moving average of $20.75 and a 200-day moving average of $22.63.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on CFLT shares. Capital One Financial set a $21.00 target price on shares of Confluent in a research report on Thursday, July 31st. Zacks Research raised shares of Confluent from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Raymond James Financial cut their price objective on shares of Confluent from $30.00 to $25.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Stephens began coverage on shares of Confluent in a research report on Friday, July 18th. They set an "overweight" rating and a $31.00 price objective for the company. Finally, Guggenheim cut their price objective on shares of Confluent from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.