Lbp Am Sa Has $27.54 Million Stock Position in Confluent, Inc. $CFLT

Key Points

• Lbp Am Sa increased its stake in Confluent, Inc. by 26.0%, owning approximately 1,104,700 shares worth $27.54 million at the end of the reporting period.
• Confluent's stock is showing a 1.5% decline and has a market cap of $6.83 billion, with a P/E ratio of -21.06 and a 52-week price range between $15.64 and $37.90.
• In its latest earnings report, Confluent posted $0.09 earnings per share, exceeding analysts' expectations, with revenues of $282.29 million, a 20.1% increase from the previous year.

Lbp Am Sa lifted its stake in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 26.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,104,700 shares of the company's stock after acquiring an additional 228,119 shares during the period. Lbp Am Sa owned approximately 0.32% of Confluent worth $27,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Confluent in the first quarter worth $26,000. Farther Finance Advisors LLC grew its stake in shares of Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company's stock worth $36,000 after acquiring an additional 1,037 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of 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 acquiring an additional 1,647 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Confluent in the first quarter worth $43,000. Finally, SVB Wealth LLC acquired a new stake in shares of Confluent in the first quarter worth $54,000. Institutional investors and hedge funds own 78.09% of the company's stock.

Confluent Stock Down 1.5%

Shares of NASDAQ CFLT opened at $19.80 on Wednesday. The business has a fifty day moving average of $19.61 and a two-hundred day moving average of $22.08. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The stock has a market cap of $6.83 billion, a PE ratio of -21.06 and a beta of 0.97.

Confluent (NASDAQ:CFLT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share (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 business had revenue of $282.29 million during the quarter, compared to analysts' expectations of $278.32 million. During the same period in the previous year, the business posted $0.06 earnings per share. The firm'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. As a group, equities research analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eric Vishria sold 30,953 shares of Confluent 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 completion of the transaction, the director directly owned 1,123,447 shares of the company's stock, valued at $22,468,940. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Ban Ryan Norris Mac sold 15,200 shares of Confluent stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total value of $258,552.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 741,584 shares of company stock valued at $13,597,695 over the last three months. Company insiders own 13.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CFLT. Barclays reduced their target price on Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Zacks Research raised Confluent from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Cowen cut Confluent from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Stifel Nicolaus reissued a "hold" rating and set a $21.00 price objective (down from $30.00) on shares of Confluent in a report on Thursday, July 31st. Finally, Needham & Company LLC cut their price objective on Confluent from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.25.

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.

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