SWS Partners Has $2.52 Million Position in Confluent, Inc. $CFLT

Key Points

• SWS Partners increased its holdings in Confluent, Inc. by 99.1% during the first quarter, owning a total of 107,330 shares valued at approximately $2.5 million.
• Confluent reported a quarterly earnings per share of $0.09, surpassing analysts' expectations and showcasing a revenue increase of 20.1% compared to the same quarter last year.
• Analysts maintain a consensus rating of "Moderate Buy" for Confluent with an average price target of $27.36, despite some firms reducing their price objectives recently.

SWS Partners increased its stake in shares of Confluent, Inc. (NASDAQ:CFLT - Free Report) by 99.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,330 shares of the company's stock after buying an additional 53,428 shares during the period. SWS Partners' holdings in Confluent were worth $2,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 1832 Asset Management L.P. bought a new stake in shares of Confluent in the 1st quarter valued at about $48,547,000. Vanguard Group Inc. increased its stake in Confluent by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company's stock worth $623,976,000 after purchasing an additional 1,791,588 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Confluent by 220.2% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company's stock worth $60,882,000 after purchasing an additional 1,786,116 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in Confluent during the 1st quarter worth approximately $39,944,000. Finally, Phoenix Financial Ltd. increased its stake in Confluent by 901.4% during the 1st quarter. Phoenix Financial Ltd. now owns 1,547,112 shares of the company's stock worth $36,269,000 after purchasing an additional 1,392,615 shares in the last quarter. Institutional investors and hedge funds own 78.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stifel Nicolaus reissued a "hold" rating and set a $21.00 target price (down from $30.00) on shares of Confluent in a research note on Thursday, July 31st. Stephens began coverage on Confluent in a research report on Friday, July 18th. They set an "overweight" rating and a $31.00 price target for the company. Guggenheim reduced their price target on Confluent from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada reduced their price target on Confluent from $28.00 to $25.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, Zacks Research raised Confluent from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Two investment analysts have 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.36.

Confluent Price Performance

Shares of NASDAQ CFLT traded down $0.26 during mid-day trading on Tuesday, reaching $19.50. The company had a trading volume of 2,053,902 shares, compared to its average volume of 6,673,857. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of -20.73 and a beta of 0.97. The business's 50-day simple moving average is $20.75 and its 200 day simple moving average is $22.63.

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

Insiders Place Their Bets

In related news, CEO Edward Jay Kreps sold 232,500 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $18.66, for a total value of $4,338,450.00. Following the sale, the chief executive officer directly owned 377,074 shares of the company's stock, valued at $7,036,200.84. This trade represents a 38.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Ban Ryan Norris Mac sold 15,200 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total value of $258,552.00. Following the completion of the sale, the executive directly owned 397,345 shares in the company, valued at $6,758,838.45. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 740,621 shares of company stock valued at $13,595,936 over the last ninety days. 13.82% of the stock is owned by insiders.

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.