Nishkama Capital LLC Takes $2.89 Million Position in Confluent, Inc. $CFLT

Key Points

• Nishkama Capital LLC has acquired a new stake in Confluent, Inc., purchasing 123,418 shares valued at approximately $2.89 million in the first quarter.
• Institutional investors now hold 78.09% of Confluent's stock, indicating strong institutional interest in the company.
• Recent analyst reports have lowered price targets for Confluent, with ratings ranging from "Strong Buy" to "Sell", reflecting a consensus target price of $27.36.

Nishkama Capital LLC bought a new stake in Confluent, Inc. (NASDAQ:CFLT - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 123,418 shares of the company's stock, valued at approximately $2,893,000.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in shares of Confluent by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 10,774 shares of the company's stock worth $301,000 after buying an additional 328 shares in the last quarter. Amalgamated Bank lifted its position in shares of Confluent by 3.4% during the 1st quarter. Amalgamated Bank now owns 16,995 shares of the company's stock worth $398,000 after buying an additional 566 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Confluent by 26.8% during the 1st 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 holdings in shares of Confluent by 4.8% in the 4th quarter. Jasper Ridge Partners L.P. now owns 14,409 shares of the company's stock worth $403,000 after purchasing an additional 664 shares during the period. Finally, M&T Bank Corp raised its holdings in shares of Confluent by 4.4% in the 1st quarter. M&T Bank Corp now owns 22,496 shares of the company's stock worth $527,000 after purchasing an additional 956 shares during the period. Institutional investors and hedge funds own 78.09% of the company's stock.

Insiders Place Their Bets

In other Confluent news, CEO Edward Jay Kreps sold 37,707 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.04, for a total value of $642,527.28. Following the completion of the sale, the chief executive officer directly owned 377,074 shares in the company, valued at $6,425,340.96. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lara Caimi sold 2,864 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $24.10, for a total transaction of $69,022.40. Following the completion of the sale, the director owned 4,296 shares of the company's stock, valued at $103,533.60. This trade represents a 40.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 627,117 shares of company stock valued at $13,017,274 over the last ninety days. 13.82% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reduced their price objective 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. Barclays reduced their price objective 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. UBS Group reduced their price objective 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. Robert W. Baird reduced their price objective on shares of Confluent from $37.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Needham & Company LLC reduced their price objective on shares of Confluent from $26.00 to $24.00 and set a "buy" rating for the company 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $27.36.

Confluent Stock Performance

Shares of NASDAQ:CFLT opened at $17.79 on Monday. The company has a market cap of $6.13 billion, a price-to-earnings ratio of -18.93 and a beta of 0.96. The company has a 50-day moving average price of $22.44 and a 200-day moving average price of $24.12. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, beating 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 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 prior year, the firm posted $0.06 earnings per share. 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. As a group, equities analysts anticipate that Confluent, Inc. will post -0.83 EPS for the current year.

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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