Rohan Sivaram Sells 5,000 Shares of Confluent (NASDAQ:CFLT) Stock

Key Points

• Rohan Sivaram, CFO of Confluent, sold 5,000 shares at an average price of $20.00, totaling $100,000.00, which reduces his ownership by 0.79% to approximately 631,596 shares valued at $12,631,920.
• Confluent reported $0.09 earnings per share for the last quarter, exceeding analyst estimates, while its revenue increased by 20.1% compared to the same period last year.
• Institutional investors own 78.09% of Confluent's stock, indicating significant investment interest and confidence in the company's growth potential.

Confluent, Inc. (NASDAQ:CFLT - Get Free Report) CFO Rohan Sivaram sold 5,000 shares of Confluent stock in a transaction on Monday, September 8th. The shares were sold at an average price of $20.00, for a total value of $100,000.00. Following the transaction, the chief financial officer owned 631,596 shares in the company, valued at $12,631,920. This trade represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Rohan Sivaram also recently made the following trade(s):

• On Wednesday, August 20th, Rohan Sivaram sold 26,097 shares of Confluent stock. The shares were sold at an average price of $17.01, for a total value of $443,909.97.

Confluent Stock Performance

NASDAQ CFLT traded up $0.51 on Monday, hitting $19.75. 7,536,841 shares of the company traded hands, compared to its average volume of 7,401,413. The business's 50 day moving average price is $20.75 and its 200-day moving average price is $22.63. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of -21.01 and a beta of 0.97. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03.

Confluent (NASDAQ:CFLT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The business had revenue of $282.29 million for the quarter, compared to the consensus estimate of $278.32 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business's revenue was up 20.1% on a year-over-year basis. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. Equities analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. grew its stake in shares of Confluent by 22.4% during the second quarter. Osaic Holdings Inc. now owns 32,590 shares of the company's stock valued at $810,000 after buying an additional 5,970 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Confluent in the second quarter worth approximately $305,000. Marex Group plc bought a new position in Confluent in the second quarter worth approximately $298,000. State of Wyoming grew its stake in Confluent by 155.6% in the second quarter. State of Wyoming now owns 17,759 shares of the company's stock worth $443,000 after purchasing an additional 10,811 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in Confluent in the second quarter worth approximately $245,000. Institutional investors own 78.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CFLT. Stephens began coverage on Confluent in a research report on Friday, July 18th. They issued an "overweight" rating and a $31.00 target price on the stock. Barclays decreased their target price on Confluent from $31.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Zacks Research upgraded Confluent from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. TD Cowen reiterated a "hold" rating and issued a $24.00 target price on shares of Confluent in a research report on Thursday, July 31st. Finally, Guggenheim decreased their target price on Confluent from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Confluent has an average rating of "Moderate Buy" and a consensus price target of $27.36.

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.