Confluent (NASDAQ:CFLT) CRO Sells $339,045.62 in Stock

Confluent, Inc. (NASDAQ:CFLT) CRO Ban Ryan Norris Mac sold 15,062 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $22.51, for a total value of $339,045.62. Following the sale, the executive directly owned 381,064 shares of the company’s stock, valued at $8,577,750.64. This represents a 3.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Ban Ryan Norris Mac also recently made the following trade(s):

• On Monday, September 22nd, Ban Ryan Norris Mac sold 1,219 shares of Confluent stock. The stock was sold at an average price of $19.87, for a total value of $24,221.53.

Confluent Stock Performance

Shares of NASDAQ:CFLT traded up $0.33 during mid-day trading on Monday, reaching $21.06. 4,898,403 shares of the company traded hands, compared to its average volume of 6,946,294. The company’s 50 day moving average price is $21.93 and its 200-day moving average price is $22.00. The firm has a market cap of $7.37 billion, a PE ratio of -23.40 and a beta of 0.98. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01.

Confluent (NASDAQ:CFLT) last released its earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $298.52 million for the quarter, compared to analysts’ expectations of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $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. On average, equities analysts expect that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Institutional Trading of Confluent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Confluent in the third quarter worth about $26,000. Danske Bank A S purchased a new stake in shares of Confluent in the third quarter worth approximately $34,000. Farther Finance Advisors LLC raised its holdings in shares of Confluent by 252.3% in the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after buying an additional 1,037 shares during the period. True Wealth Design LLC bought a new stake in shares of Confluent during the 3rd quarter worth approximately $36,000. Finally, Ramirez Asset Management Inc. purchased a new position in Confluent during the 3rd quarter valued at $40,000. 78.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CFLT. Piper Sandler upped their target price on shares of Confluent from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Wells Fargo & Company boosted their price target 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. UBS Group set a $28.00 target price on Confluent in a research report on Tuesday, October 28th. Cowen reissued a “hold” rating on shares of Confluent in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus upped their target price on shares of Confluent from $21.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, October 28th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.97.

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.