Confluent (NASDAQ:CFLT) CEO Sells $15,200,240.00 in Stock

Confluent, Inc. (NASDAQ:CFLT) CEO Edward Jay Kreps sold 506,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $30.04, for a total transaction of $15,200,240.00. Following the sale, the chief executive officer directly owned 339,367 shares in the company, valued at $10,194,584.68. This trade represents a 59.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Edward Jay Kreps also recently made the following trade(s):

• On Monday, December 15th, Edward Jay Kreps sold 232,500 shares of Confluent stock. The shares were sold at an average price of $30.10, for a total value of $6,998,250.00.
• On Thursday, November 20th, Edward Jay Kreps sold 37,707 shares of Confluent stock. The shares were sold at an average price of $22.20, for a total value of $837,095.40.
• On Thursday, November 13th, Edward Jay Kreps sold 232,500 shares of Confluent stock. The shares were sold at an average price of $23.53, for a total value of $5,470,725.00.

Confluent Stock Down 0.4%

CFLT stock traded down $0.11 during mid-day trading on Tuesday, reaching $29.96. The company had a trading volume of 18,392,934 shares, compared to its average volume of 7,927,212. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of -33.29 and a beta of 0.99. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The stock has a 50 day simple moving average of $23.61 and a two-hundred day simple moving average of $22.35. 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 quarterly earnings data on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $298.52 million during 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 revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CFLT shares. Citigroup boosted their price objective on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Confluent in a research report on Monday. Stephens upped their price objective on Confluent from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. William Blair cut Confluent from an “outperform” rating to a “market perform” rating in a research report on Monday, December 8th. Finally, Evercore ISI set a $31.00 target price on Confluent in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Confluent currently has an average rating of “Hold” and a consensus price target of $28.71.

Hedge Funds Weigh In On Confluent

A number of large investors have recently made changes to their positions in CFLT. Bank of Montreal Can raised its holdings in shares of Confluent by 28.5% during the 2nd quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock worth $6,507,000 after buying an additional 57,928 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Confluent by 655.7% in the second quarter. Hsbc Holdings PLC now owns 243,596 shares of the company’s stock valued at $6,013,000 after buying an additional 211,360 shares in the last quarter. Nuveen LLC bought a new position in Confluent in the first quarter valued at about $28,791,000. Blair William & Co. IL raised its stake in Confluent by 8.6% during the second quarter. Blair William & Co. IL now owns 160,575 shares of the company’s stock worth $4,003,000 after acquiring an additional 12,654 shares in the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new position in Confluent during the second quarter worth about $10,250,000. 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.