Insider Selling: Confluent (NASDAQ:CFLT) Director Sells 23,100 Shares of Stock

by · The Cerbat Gem

Confluent, Inc. (NASDAQ:CFLT – Get Free Report) Director Neha Narkhede sold 23,100 shares of Confluent stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.00, for a total value of $693,000.00. Following the completion of the transaction, the director owned 28,549 shares of the company’s stock, valued at approximately $856,470. This trade represents a 44.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Neha Narkhede also recently made the following trade(s):

  • On Monday, December 8th, Neha Narkhede sold 40,000 shares of Confluent stock. The stock was sold at an average price of $29.77, for a total transaction of $1,190,800.00.
  • On Monday, December 1st, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $22.15, for a total value of $664,500.00.
  • On Monday, November 3rd, Neha Narkhede sold 30,000 shares of Confluent stock. The stock was sold at an average price of $23.57, for a total value of $707,100.00.
  • On Wednesday, October 29th, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $23.65, for a total value of $709,500.00.

Confluent Stock Down 0.3%

Confluent stock traded down $0.09 during mid-day trading on Friday, hitting $30.05. The company had a trading volume of 12,141,513 shares, compared to its average volume of 7,844,368. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. Confluent, Inc. has a 1 year low of $15.64 and a 1 year high of $37.90. The business has a fifty day moving average of $23.23 and a 200 day moving average of $22.25. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of -33.39 and a beta of 0.99.

Confluent (NASDAQ:CFLT – Get Free Report) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The business had revenue of $298.52 million during the quarter, compared to the consensus estimate of $292.69 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. On average, sell-side analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CFLT has been the topic of several research reports. Canaccord Genuity Group lowered Confluent from a “buy” rating to a “hold” rating and raised their price objective for the stock from $27.00 to $31.00 in a report on Monday. The Goldman Sachs Group upped their target price on Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Raymond James Financial lowered Confluent from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Citigroup boosted their price objective on Confluent from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, William Blair lowered shares of Confluent from an “outperform” rating to a “market perform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Confluent currently has an average rating of “Hold” and a consensus target price of $28.71.

Read Our Latest Research Report on CFLT

Institutional Trading of Confluent

A number of institutional investors have recently added to or reduced their stakes in CFLT. Quarry LP acquired a new position in Confluent during the third quarter worth about $26,000. Farther Finance Advisors LLC boosted its stake in shares of 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 acquiring an additional 1,037 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Confluent in the 3rd quarter worth approximately $34,000. True Wealth Design LLC acquired a new stake in shares of Confluent in the 3rd quarter worth approximately $36,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Confluent in the 2nd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

About Confluent

(Get Free Report)

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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