Confluent (NASDAQ:CFLT) Director Sells $3,041,020.00 in Stock

Key Points

• Neha Narkhede, a Director at Confluent, sold 153,200 shares of the company's stock for a total of $3,041,020, which resulted in an 84.29% decrease in their ownership position.
• Confluent's stock price has recently traded down 2.8%, reaching $19.45, with a twelve-month range between $15.64 and $37.90.
• Analysts have lowered their price targets for Confluent, with ratings ranging from "strong buy" to "hold," and a consensus price target now at $27.36.

Confluent, Inc. (NASDAQ:CFLT - Get Free Report) Director Neha Narkhede sold 153,200 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the completion of the transaction, the director directly owned 28,549 shares of the company's stock, valued at $566,697.65. This represents a 84.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Confluent Price Performance

Confluent stock traded down $0.22 during mid-day trading on Tuesday, hitting $19.53. The stock had a trading volume of 5,870,458 shares, compared to its average volume of 7,511,753. The firm has a market capitalization of $6.73 billion, a P/E ratio of -20.78 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. The firm's 50 day moving average is $20.63 and its 200 day moving average is $22.61. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90.

Confluent (NASDAQ:CFLT - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.06 EPS. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. On average, sell-side analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Confluent from $28.00 to $25.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. DA Davidson lowered their target price on Confluent from $32.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Oppenheimer lowered their target price on Confluent from $32.00 to $26.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Raymond James Financial lowered their price target on shares of Confluent from $30.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Finally, Guggenheim lowered their price target on shares of Confluent from $31.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.36.

Institutional Trading of Confluent

Several institutional investors have recently added to or reduced their stakes in CFLT. Ameriprise Financial Inc. lifted its stake in Confluent by 4.1% in the fourth quarter. Ameriprise Financial Inc. now owns 160,588 shares of the company's stock worth $4,490,000 after purchasing an additional 6,365 shares during the last quarter. Captrust Financial Advisors bought a new stake in Confluent in the fourth quarter worth about $226,000. Cetera Investment Advisers lifted its stake in Confluent by 31.8% in the fourth quarter. Cetera Investment Advisers now owns 65,157 shares of the company's stock worth $1,822,000 after purchasing an additional 15,711 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Confluent by 5.2% in the fourth quarter. Janus Henderson Group PLC now owns 107,900 shares of the company's stock worth $3,017,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Confluent in the fourth quarter worth about $296,000. Institutional investors own 78.09% of the company's stock.

Confluent Company 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.