Confluent, Inc. $CFLT Shares Acquired 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 raised its position in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 168.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 469,000 shares of the company's stock after acquiring an additional 294,000 shares during the period. Swedbank AB owned approximately 0.14% of Confluent worth $10,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CFLT. Cloud Capital Management LLC bought a new position in Confluent during the first quarter valued at $26,000. Versant Capital Management Inc increased its position in Confluent by 2,458.2% during the first quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock valued at $40,000 after acquiring an additional 1,647 shares during the last quarter. Banque Transatlantique SA bought a new position in Confluent during the first quarter valued at $43,000. SVB Wealth LLC bought a new position in Confluent during the first quarter valued at $54,000. Finally, GAMMA Investing LLC increased its position in Confluent by 26.8% during the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $73,000 after acquiring an additional 661 shares during the last quarter. Institutional investors own 78.09% of the company's stock.

Insider Transactions at Confluent

In related news, Director Neha Narkhede sold 153,200 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total value of $3,041,020.00. Following the transaction, the director owned 28,549 shares in the company, valued at approximately $566,697.65. This represents a 84.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rohan Sivaram sold 26,097 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.01, for a total transaction of $443,909.97. Following the completion of the transaction, the chief financial officer owned 636,596 shares in the company, valued at approximately $10,828,497.96. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 740,621 shares of company stock worth $13,595,936 over the last ninety days. 13.82% of the stock is currently owned by insiders.

Confluent Stock Down 1.1%

Shares of CFLT stock traded down $0.22 during mid-day trading on Tuesday, hitting $19.53. 5,870,458 shares of the stock traded hands, compared to its average volume of 7,511,753. The stock has a market cap of $6.73 billion, a P/E ratio of -20.78 and a beta of 0.97. The stock's fifty day moving average is $20.63 and its two-hundred day moving average is $22.61. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.98 and a quick ratio of 3.98.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CFLT. Barclays cut their price objective on shares of Confluent from $31.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Oppenheimer cut their price target on shares of Confluent from $32.00 to $26.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Capital One Financial set a $21.00 price target on shares of Confluent in a report on Thursday, July 31st. Stephens began coverage on shares of Confluent in a report on Friday, July 18th. They issued an "overweight" rating and a $31.00 price target on the stock. Finally, Royal Bank Of Canada cut their price target on shares of Confluent from $28.00 to $25.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.36.

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.