Confluent, Inc. $CFLT Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in Confluent, Inc. by 168.0% in the first quarter, owning 469,000 shares valued at approximately $10.99 million.
• Equities research analysts have mixed sentiments on Confluent with a consensus rating of "Moderate Buy" and an average target price of $27.36.
• Confluent reported a revenue increase of 20.1% year-over-year, with earnings per share (EPS) of $0.09 surpassing analyst expectations for the last quarter.

Swedbank AB boosted its stake in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 168.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 469,000 shares of the company's stock after buying an additional 294,000 shares during the quarter. Swedbank AB owned 0.14% of Confluent worth $10,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFLT. Cloud Capital Management LLC acquired a new position in Confluent during the first quarter worth about $26,000. Versant Capital Management Inc grew its position 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 valued at $40,000 after purchasing an additional 1,647 shares during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Confluent in the first quarter valued at approximately $43,000. SVB Wealth LLC acquired a new stake in shares of Confluent in the first quarter valued at approximately $54,000. Finally, GAMMA Investing LLC grew its position in shares of Confluent by 26.8% in the first 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. 78.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CFLT has been the topic of several research reports. DA Davidson lowered their price target 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. Capital One Financial set a $21.00 price target on shares of Confluent in a research report on Thursday, July 31st. Wells Fargo & Company reduced their price objective on shares of Confluent from $30.00 to $27.00 and set an "overweight" rating on the stock 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 on the stock in a research note on Friday, August 1st. Finally, Guggenheim reduced their price objective on shares of Confluent from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.36.

Confluent Trading Down 0.7%

Shares of Confluent stock traded down $0.14 during trading hours on Friday, hitting $20.05. The company's stock had a trading volume of 7,758,363 shares, compared to its average volume of 7,382,603. Confluent, Inc. has a 1-year low of $15.64 and a 1-year high of $37.90. The business has a fifty day moving average of $20.35 and a 200 day moving average of $22.45. The company has a market capitalization of $6.91 billion, a PE ratio of -21.33 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.

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

Insider Buying and Selling

In related news, CEO Edward Jay Kreps sold 232,500 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $18.66, for a total transaction of $4,338,450.00. Following the completion of the sale, the chief executive officer directly owned 377,074 shares of the company's stock, valued at approximately $7,036,200.84. This trade represents a 38.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Neha Narkhede sold 153,200 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the sale, the director directly owned 28,549 shares of the company's stock, valued at approximately $566,697.65. The trade was a 84.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 735,821 shares of company stock valued at $13,483,184. 9.20% of the stock is owned by corporate insiders.

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.