Capital Investment Counsel Inc Makes New Investment in Confluent, Inc. $CFLT

Capital Investment Counsel Inc purchased a new stake in Confluent, Inc. (NASDAQ:CFLT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,800 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings 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 buying an additional 1,791,588 shares during the last quarter. Altimeter Capital Management LP lifted its position in shares of Confluent by 11.0% in the first quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company’s stock valued at $305,706,000 after acquiring an additional 1,295,710 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Confluent by 0.3% during the first quarter. Champlain Investment Partners LLC now owns 10,862,083 shares of the company’s stock valued at $254,607,000 after acquiring an additional 27,329 shares during the last quarter. William Blair Investment Management LLC increased its position in Confluent by 3.8% during the 2nd quarter. William Blair Investment Management LLC now owns 9,639,102 shares of the company’s stock worth $240,303,000 after purchasing an additional 356,277 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Confluent by 13.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,510,743 shares of the company’s stock worth $129,173,000 after purchasing an additional 654,827 shares in the last quarter. 78.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Kong Phan sold 4,544 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $19.87, for a total value of $90,289.28. Following the completion of the sale, the chief accounting officer owned 232,534 shares of the company’s stock, valued at $4,620,450.58. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rohan Sivaram sold 6,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $23.76, for a total transaction 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. This represents a 0.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 607,040 shares of company stock worth $11,918,306. Insiders own 9.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CFLT. New Street Research set a $29.00 price target on shares of Confluent in a research note on Thursday, October 30th. Cowen reissued a “hold” rating on shares of Confluent in a research note on Tuesday, October 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $27.00 target price on shares of Confluent in a research note on Wednesday, October 29th. UBS Group set a $28.00 price target on Confluent in a research note on Tuesday, October 28th. Finally, Capital One Financial set a $21.00 price objective on Confluent in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.97.

Confluent Trading Down 3.9%

CFLT stock opened at $23.40 on Friday. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The company has a market cap of $8.19 billion, a price-to-earnings ratio of -26.00 and a beta of 0.98. 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 business has a fifty day simple moving average of $21.62 and a 200-day simple moving average of $21.96.

Confluent (NASDAQ:CFLT) last posted its quarterly earnings results 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 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 firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business 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, equities research analysts expect that Confluent, Inc. will post -0.83 EPS 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.