Insider Selling: Confluent (NASDAQ:CFLT) Director Sells 153,200 Shares of 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 Confluent stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Confluent Trading Down 2.8%

Shares of CFLT stock traded down $0.56 on Thursday, reaching $19.45. 7,075,033 shares of the stock were exchanged, compared to its average volume of 7,985,672. The business's 50 day moving average price is $21.15 and its 200 day moving average price is $22.99. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. 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 (NASDAQ:CFLT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $282.29 million for the quarter, compared to the consensus estimate of $278.32 million. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The business's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, analysts expect that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CFLT. Cloud Capital Management LLC purchased a new stake in shares of Confluent during the first quarter worth approximately $26,000. Farther Finance Advisors LLC grew its position in Confluent by 252.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company's stock valued at $36,000 after buying an additional 1,037 shares during the last quarter. Versant Capital Management Inc increased its stake in Confluent by 2,458.2% in the 1st quarter. Versant Capital Management Inc now owns 1,714 shares of the company's stock valued at $40,000 after buying an additional 1,647 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Confluent in the 2nd quarter valued at $49,000. Finally, Banque Transatlantique SA purchased a new position in Confluent during the 1st quarter worth $43,000. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Piper Sandler dropped their price objective on Confluent from $32.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Oppenheimer decreased 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. Cowen downgraded Confluent from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Barclays reduced their price objective on Confluent from $31.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, August 1st. Finally, Zacks Research raised Confluent from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Confluent currently 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.

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