Landscape Capital Management L.L.C. Sells 31,517 Shares of Confluent, Inc. $CFLT

Key Points

• Landscape Capital Management L.L.C. reduced its stake in Confluent, Inc. by 62.6%, selling 31,517 shares and leaving them with 18,861 shares valued at $442,000.
• Institutional ownership in Confluent remains high at 78.09%, with several firms adjusting their positions during the first quarter, including a large percentage increase from Versant Capital Management Inc..
• Analysts have issued mixed ratings on Confluent with the stock currently holding a consensus rating of "Moderate Buy" and a target price averaging $27.36, despite recent price adjustments downward from various firms.

Landscape Capital Management L.L.C. decreased its position in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 62.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,861 shares of the company's stock after selling 31,517 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Confluent were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC raised its stake in Confluent by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 10,774 shares of the company's stock valued at $301,000 after purchasing an additional 328 shares during the last quarter. Amalgamated Bank raised its stake in Confluent by 3.4% during the 1st quarter. Amalgamated Bank now owns 16,995 shares of the company's stock valued at $398,000 after purchasing an additional 566 shares during the last quarter. GAMMA Investing LLC raised its stake in Confluent by 26.8% during the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $73,000 after purchasing an additional 661 shares during the last quarter. Jasper Ridge Partners L.P. raised its stake in Confluent by 4.8% during the 4th quarter. Jasper Ridge Partners L.P. now owns 14,409 shares of the company's stock valued at $403,000 after purchasing an additional 664 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Confluent by 4.4% during the 1st quarter. M&T Bank Corp now owns 22,496 shares of the company's stock valued at $527,000 after purchasing an additional 956 shares during the last quarter. Institutional investors own 78.09% of the company's stock.

Confluent Stock Performance

Confluent stock traded up $0.05 on Wednesday, hitting $19.23. The company's stock had a trading volume of 6,269,961 shares, compared to its average volume of 9,010,452. The firm has a market cap of $6.63 billion, a P/E ratio of -20.46 and a beta of 0.97. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03. The company has a fifty day moving average price of $21.69 and a 200-day moving average price of $23.46. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its earnings results 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. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. The business had revenue of $282.29 million for the quarter, compared to analyst estimates of $278.32 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm's quarterly 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, equities analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Rohan Sivaram sold 26,097 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total value of $443,909.97. Following the sale, the chief financial officer owned 636,596 shares of the company's stock, valued at approximately $10,828,497.96. This represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kong Phan sold 2,664 shares of the company's 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 directly owned 237,078 shares in the company, valued at approximately $4,032,696.78. The trade was a 1.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 630,070 shares of company stock worth $12,997,054 in the last quarter. 13.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on CFLT. Oppenheimer cut their target price 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. Wells Fargo & Company cut their target price on shares of Confluent from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Guggenheim cut their target price on shares of Confluent from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus reiterated a "hold" rating and set a $21.00 target price (down from $30.00) on shares of Confluent in a research note on Thursday, July 31st. Finally, Raymond James Financial cut their target price on shares of Confluent from $30.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus 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.