Invesco Ltd. Decreases Stock Position in Confluent, Inc. $CFLT

Key Points

• Invesco Ltd. significantly reduced its holdings in Confluent, Inc. by 90% during the first quarter, now owning around 203,062 shares valued at $4.76 million.
• Research analysts have downgraded their price targets for Confluent, with Oppenheimer lowering it from $32 to $26, and Wells Fargo cutting from $30 to $27, amid a consensus rating of "Moderate Buy."
• Confluent's latest earnings report exceeded expectations, with a reported $0.09 earnings per share and revenue of $282.29 million, signifying a 20.1% increase compared to the previous year.

Invesco Ltd. reduced its stake in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 90.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,062 shares of the company's stock after selling 1,823,004 shares during the period. Invesco Ltd. owned approximately 0.06% of Confluent worth $4,760,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Swiss National Bank boosted its holdings in shares of Confluent by 1.7% in the first quarter. Swiss National Bank now owns 475,100 shares of the company's stock worth $11,136,000 after acquiring an additional 7,800 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Confluent by 7.2% in the first 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 period. Maxi Investments CY Ltd bought a new position in shares of Confluent in the first quarter worth $6,194,000. Blair William & Co. IL boosted its holdings in shares of Confluent by 382.1% in the first quarter. Blair William & Co. IL now owns 147,921 shares of the company's stock worth $3,467,000 after acquiring an additional 117,236 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Confluent by 39.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company's stock worth $95,000 after acquiring an additional 1,143 shares during the period. 78.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CFLT. Oppenheimer cut their price target 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 research note on Thursday, July 31st. Barclays dropped their price objective on Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, August 1st. Needham & Company LLC dropped their price objective on Confluent from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Finally, Stephens started coverage on Confluent in a research note on Friday, July 18th. They set an "overweight" rating and a $31.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Confluent has an average rating of "Moderate Buy" and an average target price of $27.36.

Confluent Price Performance

CFLT stock traded down $0.19 during mid-day trading on Monday, hitting $19.86. 5,984,950 shares of the stock were exchanged, compared to its average volume of 9,494,722. 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 business has a fifty day moving average price of $21.95 and a 200 day moving average price of $23.63. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of -21.13 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $278.32 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company's revenue 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. On average, sell-side analysts anticipate that Confluent, Inc. will post -0.83 EPS for the current year.

Insider Activity

In other Confluent news, CAO Kong Phan sold 2,664 shares of Confluent stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total transaction of $45,314.64. Following the completion of the sale, the chief accounting officer owned 237,078 shares of the company's stock, valued at $4,032,696.78. The trade was a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Ban Ryan Norris Mac sold 15,200 shares of Confluent stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total value of $258,552.00. Following the sale, the executive directly owned 397,345 shares of the company's stock, valued at approximately $6,758,838.45. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 599,117 shares of company stock valued at $12,377,994. 13.82% of the stock is owned by insiders.

About Confluent

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.