55,226 Shares in Confluent, Inc. $CFLT Purchased by Liontrust Investment Partners LLP

Key Points

• Liontrust Investment Partners LLP acquired 55,226 shares of Confluent, Inc., valued at approximately $1.29 million, indicating growing institutional interest in the company's stock.
• Analysts have recently lowered their price targets for Confluent, with Needham & Company reducing it from $26 to $24 while maintaining a "buy" rating, reflecting cautious sentiment in the market.
• Confluent reported a 20.1% increase in revenue year-over-year for the quarter, exceeding analyst estimates, which may strengthen investor confidence despite a negative return on equity.

Liontrust Investment Partners LLP acquired a new stake in Confluent, Inc. (NASDAQ:CFLT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 55,226 shares of the company's stock, valued at approximately $1,294,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fox Run Management L.L.C. boosted its holdings in Confluent by 11.6% in the 1st quarter. Fox Run Management L.L.C. now owns 80,011 shares of the company's stock valued at $1,875,000 after purchasing an additional 8,294 shares in the last quarter. Sit Investment Associates Inc. boosted its holdings in Confluent by 5.9% in the 1st quarter. Sit Investment Associates Inc. now owns 131,988 shares of the company's stock valued at $3,094,000 after purchasing an additional 7,365 shares in the last quarter. FengHe Fund Management Pte. Ltd. purchased a new stake in Confluent in the 1st quarter valued at approximately $12,989,000. Prudential PLC purchased a new stake in Confluent in the 1st quarter valued at approximately $1,942,000. Finally, AGF Management Ltd. boosted its holdings in Confluent by 8.5% in the 1st quarter. AGF Management Ltd. now owns 448,651 shares of the company's stock valued at $10,516,000 after purchasing an additional 35,056 shares in the last quarter. Hedge funds and other institutional investors own 78.09% of the company's stock.

Insider Activity at Confluent

In other Confluent news, CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $24.50, for a total transaction of $5,696,250.00. Following the transaction, the chief executive officer owned 452,488 shares of the company's stock, valued at $11,085,956. This represents a 33.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Neha Narkhede sold 20,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $22.82, for a total value of $456,400.00. Following the transaction, the director directly owned 20,247 shares in the company, valued at approximately $462,036.54. This represents a 49.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 573,846 shares of company stock worth $12,238,330. Company insiders own 13.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CFLT shares. Citigroup decreased their price target on Confluent from $30.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Stephens started coverage on Confluent in a research note on Friday, July 18th. They set an "overweight" rating and a $31.00 price target on the stock. UBS Group decreased their price target on Confluent from $32.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. TD Cowen reissued a "hold" rating and set a $24.00 price target on shares of Confluent in a research note on Thursday, July 31st. Finally, Capital One Financial set a $21.00 price target on Confluent in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.36.

Confluent Price Performance

Shares of Confluent stock traded down $0.2250 during trading on Wednesday, hitting $17.1550. 5,324,000 shares of the company were exchanged, compared to its average volume of 6,536,263. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of -18.24 and a beta of 0.96. The firm has a 50 day moving average price of $22.83 and a 200 day moving average price of $24.41.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $278.32 million. During the same period in the previous year, the firm posted $0.06 EPS. The company'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 expect that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

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.