Persistent Asset Partners Ltd Makes New $499,000 Investment in Confluent, Inc. $CFLT

Persistent Asset Partners Ltd acquired a new stake in Confluent, Inc. (NASDAQ:CFLT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,000 shares of the company’s stock, valued at approximately $499,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CFLT. Farther Finance Advisors LLC increased its holdings in Confluent by 252.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after purchasing an additional 1,037 shares during the period. Banque Transatlantique SA purchased a new position in shares of Confluent in the 1st quarter valued at about $43,000. SVB Wealth LLC acquired a new position in shares of Confluent during the first quarter worth about $54,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Confluent during the second quarter worth approximately $67,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Confluent by 39.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company’s stock worth $95,000 after buying an additional 1,143 shares during the period. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Confluent

In other news, CFO Rohan Sivaram sold 26,097 shares of Confluent stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total value of $443,909.97. Following the transaction, the chief financial officer directly owned 636,596 shares of the company’s stock, valued at $10,828,497.96. The trade was a 3.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Neha Narkhede sold 153,200 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the completion of the sale, the director owned 28,549 shares of the company’s stock, valued at approximately $566,697.65. This trade represents a 84.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 607,040 shares of company stock valued at $11,918,306. 9.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CFLT. Evercore ISI lifted their price target on shares of Confluent from $23.00 to $28.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Wolfe Research restated an “outperform” rating and issued a $32.00 price objective on shares of Confluent in a report on Tuesday, October 28th. Wells Fargo & Company boosted their target price on shares of Confluent from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. TD Cowen reissued a “hold” rating and issued a $24.00 target price on shares of Confluent in a report on Thursday, July 31st. Finally, New Street Research set a $29.00 price target on Confluent in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.97.

Confluent Stock Down 0.4%

Confluent stock opened at $23.30 on Friday. The company has a market capitalization of $8.15 billion, a P/E ratio of -25.89 and a beta of 0.98. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The stock has a 50-day simple moving average of $21.70 and a 200-day simple moving average of $21.94.

Confluent (NASDAQ:CFLT) last released its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $298.52 million for the quarter, compared to the consensus estimate of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. Equities research analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current year.

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.