Phoenix Financial Ltd. Has $38.08 Million Stock Position in Confluent, Inc. $CFLT

Key Points

• Phoenix Financial Ltd. has reduced its holdings in Confluent, Inc. by 1.3% to 1,527,640 shares, currently valued at approximately $38.08 million.
• Confluent reported quarterly earnings of $0.09 per share, surpassing analyst expectations and experiencing a 20.1% year-over-year revenue growth.
• Institutional investors currently own 78.09% of Confluent's stock, indicating significant institutional interest in the company.

Phoenix Financial Ltd. reduced its position in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,527,640 shares of the company's stock after selling 19,472 shares during the quarter. Phoenix Financial Ltd. owned about 0.45% of Confluent worth $38,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. 1832 Asset Management L.P. bought a new stake in shares of Confluent during the 1st quarter valued at $48,547,000. Vanguard Group Inc. lifted its holdings in shares of Confluent by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company's stock valued at $623,976,000 after purchasing an additional 1,791,588 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of Confluent by 220.2% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company's stock valued at $60,882,000 after purchasing an additional 1,786,116 shares during the period. Driehaus Capital Management LLC bought a new stake in Confluent during the 1st quarter worth approximately $39,944,000. Finally, Altimeter Capital Management LP raised its holdings in Confluent by 11.0% during the 1st quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company's stock worth $305,706,000 after buying an additional 1,295,710 shares during the period. Institutional investors own 78.09% of the company's stock.

Confluent Price Performance

NASDAQ:CFLT opened at $22.56 on Tuesday. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The company has a market cap of $7.78 billion, a P/E ratio of -24.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98. The stock's 50-day simple moving average is $19.84 and its 200 day simple moving average is $21.75.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $282.29 million during the quarter, compared to the consensus estimate of $278.32 million. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The business's revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. 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, sell-side analysts forecast that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Insider Activity at Confluent

In other news, Director Eric Vishria sold 30,953 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $20.00, for a total value of $619,060.00. Following the sale, the director directly owned 1,123,447 shares of the company's stock, valued at approximately $22,468,940. This represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $17.01, for a total value of $258,552.00. Following the transaction, the executive owned 397,345 shares of the company's stock, valued at $6,758,838.45. The trade was a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 741,584 shares of company stock worth $13,597,695 over the last ninety days. Company insiders own 9.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Confluent from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, October 9th. DA Davidson cut their price objective on shares of Confluent from $32.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Wells Fargo & Company began coverage on shares of Confluent in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $24.00 target price for the company. Capital One Financial set a $21.00 price target on Confluent in a research note on Thursday, July 31st. Finally, TD Cowen restated a "hold" rating and issued a $24.00 price target on shares of Confluent in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $27.43.

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.

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