Confluent (NASDAQ:CFLT) CEO Edward Jay Kreps Sells 232,500 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $30.10, for a total value of $6,998,250.00. Following the completion of the transaction, the chief executive officer directly owned 339,367 shares in the company, valued at approximately $10,214,946.70. This represents a 40.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, December 12th, Edward Jay Kreps sold 506,000 shares of Confluent stock. The shares were sold at an average price of $30.04, for a total value of $15,200,240.00.
• On Thursday, November 20th, Edward Jay Kreps sold 37,707 shares of Confluent stock. The stock was sold at an average price of $22.20, for a total transaction 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 transaction of $5,470,725.00.

Confluent Price Performance

Shares of Confluent stock opened at $29.96 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01. The company has a market cap of $10.48 billion, a PE ratio of -33.29 and a beta of 0.99. The firm has a fifty day moving average price of $23.79 and a two-hundred day moving average price of $22.40. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90.

Confluent (NASDAQ:CFLT) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $292.69 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. Analysts expect that Confluent, Inc. will post -0.83 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of Montreal Can raised its stake in shares of Confluent by 28.5% during the second 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 during the last quarter. Hsbc Holdings PLC grew its holdings in 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 acquiring an additional 211,360 shares during the period. Nuveen LLC bought a new stake in shares of Confluent during the 1st quarter valued at $28,791,000. Blair William & Co. IL lifted its stake in shares of Confluent by 8.6% in the 2nd 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 period. Finally, Coronation Fund Managers Ltd. bought a new position in shares of Confluent in the 2nd quarter worth $10,250,000. 78.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada cut Confluent from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $30.00 to $31.00 in a report on Tuesday, December 9th. Guggenheim lowered Confluent from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Zacks Research upgraded shares of Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Evercore ISI set a $31.00 target price on shares of Confluent in a report on Monday, December 8th. Finally, Barclays increased their target price on shares of Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned 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, the company currently has a consensus rating of “Hold” and an average target price of $28.71.

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.