William Blair Investment Management LLC Raises Stock Holdings in Confluent, Inc. $CFLT

Key Points

• William Blair Investment Management LLC raised its holdings in Confluent, Inc. by 3.8% during Q2, now owning 9,639,102 shares valued at $240.3 million.
• Analysts have revised their price targets for Confluent, with a consensus average target price of $27.43 and ratings ranging from "Strong Buy" to "Sell."
• Insider activity includes CEO Edward Jay Kreps selling 232,500 shares for approximately $4.34 million, reducing his ownership by 38.14%.

William Blair Investment Management LLC increased its position in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,639,102 shares of the company's stock after buying an additional 356,277 shares during the quarter. William Blair Investment Management LLC owned 2.83% of Confluent worth $240,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Confluent by 26.8% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock worth $73,000 after buying an additional 661 shares during the period. SG Americas Securities LLC lifted its stake in Confluent by 25.8% during the 1st quarter. SG Americas Securities LLC now owns 26,884 shares of the company's stock valued at $630,000 after acquiring an additional 5,520 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Confluent during the 1st quarter valued at about $259,000. Praxis Investment Management Inc. bought a new position in Confluent during the 1st quarter valued at about $213,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Confluent by 1.5% in the first quarter. Oppenheimer & Co. Inc. now owns 92,432 shares of the company's stock worth $2,167,000 after buying an additional 1,370 shares during the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CFLT has been the topic of a number of research reports. Wells Fargo & Company assumed coverage on shares of Confluent in a report on Tuesday, September 30th. They issued an "overweight" rating and a $24.00 price objective on the stock. Oppenheimer reduced their price objective on shares of Confluent from $32.00 to $26.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. UBS Group cut their target price on shares of Confluent from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Capital One Financial set a $21.00 target price on shares of Confluent in a report on Thursday, July 31st. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Confluent in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $27.43.

Insider Activity

In other news, CEO Edward Jay Kreps sold 232,500 shares of the business'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. The trade was a 38.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kong Phan sold 4,544 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $19.87, for a total transaction of $90,289.28. Following the sale, the chief accounting officer directly owned 232,534 shares of the company's stock, valued at $4,620,450.58. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 741,584 shares of company stock valued at $13,597,695. Insiders own 9.20% of the company's stock.

Confluent Stock Down 0.4%

NASDAQ CFLT opened at $22.43 on Friday. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.03. The company has a fifty day moving average of $19.71 and a two-hundred day moving average of $21.75. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of -23.86 and a beta of 0.96. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90.

Confluent (NASDAQ:CFLT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The company 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%. Confluent's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm 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, analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current year.

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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