Granahan Investment Management LLC Sells 58,909 Shares of Confluent, Inc. $CFLT

Key Points

• Granahan Investment Management LLC decreased its stake in Confluent, Inc. by 17.7%, holding 274,709 shares valued at approximately $6.44 million as of the latest reporting period.
• Despite Granahan's reduction, several large investors, including Vanguard Group and Altimeter Capital, increased their positions in Confluent during the same quarter, highlighting strong institutional interest.
• Analyst ratings for Confluent show a consensus of "Moderate Buy" with price targets ranging from $24.00 to $29.00, indicating mixed sentiment among analysts following recent stock performance.

Granahan Investment Management LLC reduced its position in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 17.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 274,709 shares of the company's stock after selling 58,909 shares during the period. Granahan Investment Management LLC owned 0.08% of Confluent worth $6,439,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC boosted its holdings in shares of Confluent by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 10,774 shares of the company's stock worth $301,000 after purchasing an additional 328 shares during the period. Amalgamated Bank boosted its holdings in shares of Confluent by 3.4% during the first quarter. Amalgamated Bank now owns 16,995 shares of the company's stock worth $398,000 after purchasing an additional 566 shares during the period. GAMMA Investing LLC raised its stake in Confluent by 26.8% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock worth $73,000 after buying an additional 661 shares in the last quarter. Jasper Ridge Partners L.P. raised its stake in Confluent by 4.8% in the fourth quarter. Jasper Ridge Partners L.P. now owns 14,409 shares of the company's stock worth $403,000 after buying an additional 664 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Confluent by 4.4% in the first quarter. M&T Bank Corp now owns 22,496 shares of the company's stock worth $527,000 after buying an additional 956 shares in the last quarter. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Confluent

In other Confluent news, Director Eric Vishria sold 30,953 shares of Confluent stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $20.00, for a total value of $619,060.00. Following the sale, the director directly owned 1,123,447 shares in the company, valued at approximately $22,468,940. The trade was a 2.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kong Phan sold 3,575 shares of Confluent stock in a transaction on Friday, June 20th. The shares were sold at an average price of $23.49, for a total transaction of $83,976.75. Following the completion of the sale, the chief accounting officer owned 239,742 shares in the company, valued at approximately $5,631,539.58. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 585,285 shares of company stock worth $10,523,938 in the last 90 days. Company insiders own 13.82% of the company's stock.

Confluent Stock Performance

CFLT stock traded down $0.28 on Tuesday, hitting $19.96. The company had a trading volume of 6,840,662 shares, compared to its average volume of 6,714,899. Confluent, Inc. has a 12-month low of $15.64 and a 12-month high of $37.90. 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 stock's 50-day simple moving average is $21.37 and its 200 day simple moving average is $23.03. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of -21.23 and a beta of 0.97.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company 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 firm's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $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 research analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CFLT has been the subject of a number of research reports. 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 research note on Friday, August 1st. Royal Bank Of Canada decreased their price target on shares of Confluent from $28.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. 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 research note on Thursday, July 31st. Oppenheimer decreased their price target on shares of Confluent from $32.00 to $26.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Cowen downgraded shares of Confluent from a "buy" rating to a "hold" rating in a research note 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. Based on data from MarketBeat.com, the stock presently 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.