SWS Partners Raises Stake in Confluent, Inc. $CFLT

Key Points

• SWS Partners has raised its stake in Confluent, Inc. by 29.9%, owning 139,464 shares worth approximately $3.48 million at the end of the second quarter.
• Analysts have set a consensus target price of $27.36 for Confluent, with ratings including one Strong Buy and nineteen Buy ratings.
• Confluent recently reported earnings of $0.09 per share, exceeding expectations, with a projected revenue of $282.29 million for the quarter.

SWS Partners increased its stake in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 29.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 139,464 shares of the company's stock after buying an additional 32,134 shares during the quarter. SWS Partners' holdings in Confluent were worth $3,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFLT. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Confluent by 36.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,763 shares of the company's stock worth $860,000 after buying an additional 8,204 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Confluent by 0.6% in the 4th quarter. California State Teachers Retirement System now owns 223,043 shares of the company's stock worth $6,236,000 after buying an additional 1,334 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Confluent by 2,458.2% in the 1st quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock worth $40,000 after buying an additional 1,647 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Confluent by 2,872.0% in the 1st quarter. GAMMA Investing LLC now owns 73,320 shares of the company's stock worth $1,719,000 after buying an additional 70,853 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Confluent by 2.3% in the 1st quarter. Rhumbline Advisers now owns 295,282 shares of the company's stock worth $6,921,000 after buying an additional 6,508 shares during the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Capital One Financial set a $21.00 price target on shares of Confluent in a report on Thursday, July 31st. TD Cowen reiterated a "hold" rating and issued a $24.00 target price on shares of Confluent in a research note on Thursday, July 31st. Royal Bank Of Canada lowered their price target on shares of Confluent from $28.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Stifel Nicolaus reissued a "hold" rating and issued a $21.00 price target (down previously from $30.00) on shares of Confluent in a research report on Thursday, July 31st. Finally, Barclays lowered their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.36.

Confluent Trading Up 2.8%

Shares of CFLT opened at $19.79 on Monday. The business's 50-day moving average price is $19.84 and its 200-day moving average price is $22.14. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. The stock has a market cap of $6.82 billion, a PE ratio of -21.05 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 posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $282.29 million for the quarter, compared to analysts' expectations of $278.32 million. Confluent had a negative net margin of 29.27% and a negative return on equity of 27.34%. Confluent's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, equities analysts forecast that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Neha Narkhede sold 153,200 shares of the company's 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 directly owned 28,549 shares in the company, valued at approximately $566,697.65. This represents a 84.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Vishria sold 30,953 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $20.00, for a total transaction of $619,060.00. Following the completion of the transaction, the director owned 1,123,447 shares in the company, valued at approximately $22,468,940. This trade represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 741,584 shares of company stock valued at $13,597,695 in the last 90 days. 13.82% of the stock is owned by company 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.

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