Confluent (NASDAQ:CFLT) CAO Kong Phan Sells 4,545 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) CAO Kong Phan sold 4,545 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $29.96, for a total transaction of $136,168.20. Following the completion of the sale, the chief accounting officer owned 220,505 shares of the company’s stock, valued at approximately $6,606,329.80. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kong Phan also recently made the following trade(s):

• On Monday, December 8th, Kong Phan sold 3,841 shares of Confluent stock. The shares were sold at an average price of $29.84, for a total value of $114,615.44.
• On Thursday, November 20th, Kong Phan sold 2,640 shares of Confluent stock. The stock was sold at an average price of $22.51, for a total transaction of $59,426.40.
• On Wednesday, October 29th, Kong Phan sold 1,003 shares of Confluent stock. The shares were sold at an average price of $24.00, for a total value of $24,072.00.

Confluent Stock Performance

Shares of NASDAQ:CFLT traded up $0.10 during trading on Tuesday, hitting $30.05. 4,263,984 shares of the company traded hands, compared to its average volume of 19,334,358. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of -33.39 and a beta of 0.99. The business’s fifty day moving average is $24.49 and its 200-day moving average is $22.62. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90. 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 (NASDAQ:CFLT) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.13 EPS 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 analysts’ expectations of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. Confluent’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company 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.

Institutional Investors Weigh In On Confluent

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in Confluent during the 3rd quarter worth approximately $26,000. Danske Bank A S purchased a new stake in Confluent during the 3rd quarter worth $34,000. Farther Finance Advisors LLC increased its stake 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 last quarter. True Wealth Design LLC acquired a new position in Confluent during the 3rd quarter valued at about $36,000. Finally, Ramirez Asset Management Inc. acquired a new stake in Confluent in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 78.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CFLT. Stephens boosted their price target on Confluent from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. UBS Group cut shares of Confluent from a “buy” rating to a “neutral” rating and raised their price target for the stock from $29.00 to $31.00 in a report on Tuesday, December 9th. Stifel Nicolaus lifted their target price on shares of Confluent from $21.00 to $25.00 and gave the stock a “hold” rating in a research report 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, Needham & Company LLC lowered shares of Confluent from a “buy” rating to a “hold” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Confluent presently has a consensus rating of “Hold” and a consensus price target of $28.71.

Confluent Company Profile

Confluent, Inc (NASDAQ: CFLT) is a leading provider of an event streaming platform built on Apache Kafka. The company’s flagship offerings include Confluent Platform—a self-managed software solution—and Confluent Cloud, a fully managed service designed to simplify real-time data processing across hybrid and multi-cloud environments. These products enable enterprises to collect, process and distribute high volumes of data in real time, supporting use cases such as fraud detection, supply chain optimization and personalized customer experiences.

Founded in 2014 by Apache Kafka co-creators Jay Kreps, Neha Narkhede and Jun Rao, Confluent has driven the commercialization of Kafka technologies and extended the platform with tools for data integration, stream processing and enterprise-grade security.