Octahedron Capital Management L.P. Takes $3.50 Million Position in Confluent, Inc. $CFLT

Octahedron Capital Management L.P. acquired a new stake in Confluent, Inc. (NASDAQ:CFLT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 140,500 shares of the company’s stock, valued at approximately $3,503,000. Confluent makes up approximately 2.6% of Octahedron Capital Management L.P.’s portfolio, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of CFLT. 1832 Asset Management L.P. acquired a new stake in shares of Confluent in the 1st quarter valued at approximately $48,547,000. Vanguard Group Inc. grew its position in shares of Confluent by 7.2% in 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 during the period. Alyeska Investment Group L.P. increased its stake in shares of Confluent by 220.2% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company’s stock worth $60,882,000 after purchasing an additional 1,786,116 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Confluent in the 1st quarter valued at about $39,944,000. Finally, Phoenix Financial Ltd. lifted its stake in Confluent by 901.4% in the 1st quarter. Phoenix Financial Ltd. now owns 1,547,112 shares of the company’s stock valued at $36,269,000 after purchasing an additional 1,392,615 shares during the last quarter. Institutional investors own 78.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CFLT shares. New Street Research set a $29.00 target price on Confluent in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Confluent in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on shares of Confluent from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Zacks Research upgraded shares of Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Finally, Wolfe Research restated an “outperform” rating and set a $32.00 price objective on shares of Confluent in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Confluent currently has an average rating of “Moderate Buy” and an average price target of $27.97.

Insider Transactions at Confluent

In related news, CFO Rohan Sivaram sold 6,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $23.76, for a total value of $142,560.00. Following the completion of the transaction, the chief financial officer directly owned 625,596 shares in the company, valued at approximately $14,864,160.96. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward Jay Kreps sold 232,500 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $23.53, for a total value of $5,470,725.00. Following the transaction, the chief executive officer directly owned 377,074 shares in the company, valued at $8,872,551.22. This trade represents a 38.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 757,872 shares of company stock valued at $15,998,727. Company insiders own 13.82% of the company’s stock.

Confluent Price Performance

CFLT stock opened at $22.66 on Wednesday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of -25.18 and a beta of 0.98. Confluent, Inc. has a 12-month low of $15.64 and a 12-month 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. The company’s fifty day simple moving average is $21.80 and its 200 day simple moving average is $21.97.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $298.52 million during 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%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. On average, analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current year.

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.