Peregrine Capital Management LLC Raises Stock Holdings in Confluent, Inc. $CFLT

Peregrine Capital Management LLC raised its position in Confluent, Inc. (NASDAQ:CFLT) by 29.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,272 shares of the company’s stock after buying an additional 93,235 shares during the quarter. Peregrine Capital Management LLC’s holdings in Confluent were worth $10,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CFLT. 1832 Asset Management L.P. purchased a new stake in Confluent in the first quarter valued at approximately $48,547,000. Vanguard Group Inc. lifted its stake in Confluent by 7.2% in the first 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. Alyeska Investment Group L.P. lifted its stake in Confluent by 220.2% in the first quarter. Alyeska Investment Group L.P. now owns 2,597,346 shares of the company’s stock valued at $60,882,000 after buying an additional 1,786,116 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in Confluent in the first quarter valued at approximately $39,944,000. Finally, Phoenix Financial Ltd. lifted its stake in Confluent by 901.4% in the first quarter. Phoenix Financial Ltd. now owns 1,547,112 shares of the company’s stock valued at $36,269,000 after buying an additional 1,392,615 shares during the last quarter. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Confluent Stock Down 3.2%

Confluent stock opened at $22.08 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.98 and a current ratio of 3.98. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of -23.49 and a beta of 0.96. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The stock’s fifty day moving average is $20.36 and its two-hundred day moving average is $21.80.

Confluent (NASDAQ:CFLT) last posted its earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $282.29 million for the quarter, compared to analyst estimates of $278.32 million. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.Confluent’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. Confluent has set its Q3 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.360-0.360 EPS. Analysts predict that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CFLT. Raymond James Financial cut their price target on Confluent from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Cowen lowered Confluent from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Zacks Research raised Confluent from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Needham & Company LLC dropped their price objective on Confluent from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Finally, Royal Bank Of Canada dropped their price objective on Confluent from $28.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.22.

Insider Buying and Selling at Confluent

In related news, Director Neha Narkhede sold 153,200 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total transaction of $3,041,020.00. Following the sale, the director owned 28,549 shares of the company’s stock, valued at $566,697.65. This trade represents a 84.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward Jay Kreps sold 232,500 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $18.66, for a total value of $4,338,450.00. Following the sale, the chief executive officer directly owned 377,074 shares in the company, valued at approximately $7,036,200.84. The trade was a 38.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 741,584 shares of company stock valued at $13,597,695. 13.82% of the stock is owned by company insiders.

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.