First Trust Advisors LP Acquires 616,822 Shares of Confluent, Inc. $CFLT

First Trust Advisors LP lifted its holdings in Confluent, Inc. (NASDAQ:CFLT) by 15.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,555,913 shares of the company’s stock after purchasing an additional 616,822 shares during the period. First Trust Advisors LP owned about 1.32% of Confluent worth $113,579,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Confluent by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 26,620,150 shares of the company’s stock valued at $623,976,000 after acquiring an additional 1,791,588 shares in the last quarter. Bank of Montreal Can raised its position in shares of Confluent by 28.5% in the 2nd quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock worth $6,507,000 after acquiring an additional 57,928 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Confluent by 655.7% during the 2nd quarter. Hsbc Holdings PLC now owns 243,596 shares of the company’s stock worth $6,013,000 after purchasing an additional 211,360 shares during the last quarter. Nuveen LLC bought a new stake in Confluent during the first quarter valued at about $28,791,000. Finally, Blair William & Co. IL grew its stake in Confluent by 8.6% in the second quarter. Blair William & Co. IL now owns 160,575 shares of the company’s stock valued at $4,003,000 after purchasing an additional 12,654 shares during the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Confluent

In other news, Director Neha Narkhede sold 30,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $22.15, for a total value of $664,500.00. Following the sale, the director directly owned 28,549 shares of the company’s stock, valued at $632,360.35. This represents a 51.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rohan Sivaram sold 8,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $22.12, for a total transaction of $176,960.00. Following the completion of the sale, the chief financial officer owned 591,738 shares in the company, valued at $13,089,244.56. The trade was a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 613,686 shares of company stock worth $13,700,308. Corporate insiders own 9.20% of the company’s stock.

Confluent Stock Down 0.9%

Confluent stock opened at $23.14 on Friday. The business’s 50-day simple moving average is $22.44 and its two-hundred day simple moving average is $22.02. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. The company has a market cap of $8.09 billion, a PE ratio of -25.71 and a beta of 0.99. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90.

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 firm 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 company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. Equities analysts anticipate that Confluent, Inc. will post -0.83 EPS for the current year.

Wall Street Analyst Weigh In

CFLT has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Wolfe Research restated an “outperform” rating and issued a $32.00 target price on shares of Confluent in a research note on Tuesday, October 28th. Cowen reaffirmed a “hold” rating on shares of Confluent in a research report on Tuesday, October 28th. Truist Financial raised their price objective on Confluent from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Confluent in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Confluent presently has a consensus rating of “Moderate Buy” and a consensus price target 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.