Legal & General Group Plc Raises Holdings in Confluent, Inc. $CFLT

Legal & General Group Plc increased its holdings in Confluent, Inc. (NASDAQ:CFLT) by 10.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,327 shares of the company’s stock after buying an additional 30,623 shares during the period. Legal & General Group Plc owned about 0.09% of Confluent worth $7,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of Confluent by 252.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after acquiring an additional 1,037 shares in the last quarter. Banque Transatlantique SA bought a new position in Confluent in the first quarter worth about $43,000. SVB Wealth LLC bought a new position in Confluent in 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 valued at about $67,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Confluent by 39.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company’s stock valued at $95,000 after buying an additional 1,143 shares in the last quarter. Institutional investors own 78.09% of the company’s stock.

Analyst Upgrades and Downgrades

CFLT has been the subject of a number of analyst reports. Cowen reissued a “hold” rating on shares of Confluent in a research report on Tuesday, October 28th. Wells Fargo & Company upped their price target on Confluent from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group raised their price objective on Confluent from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Piper Sandler boosted their target price on Confluent from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Mizuho increased their price target on Confluent from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.97.

Insider Transactions at Confluent

In other Confluent news, Director Neha Narkhede sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $23.57, for a total transaction of $707,100.00. Following the completion of the transaction, the director directly owned 28,549 shares of the company’s stock, valued at approximately $672,899.93. This trade represents a 51.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Kong Phan sold 2,640 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $22.51, for a total transaction of $59,426.40. Following the completion of the sale, the chief accounting officer directly owned 228,891 shares in the company, valued at $5,152,336.41. This trade represents a 1.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 808,186 shares of company stock valued at $17,197,298 over the last quarter. Company insiders own 13.82% of the company’s stock.

Confluent Price Performance

NASDAQ CFLT opened at $23.06 on Wednesday. The company has a market cap of $8.07 billion, a price-to-earnings ratio of -25.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01. The stock’s fifty day moving average price is $22.21 and its 200 day moving average price is $21.99. Confluent, Inc. has a 1 year low of $15.64 and a 1 year high of $37.90.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The business 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 company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. As a group, equities research analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

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.