State of New Jersey Common Pension Fund D Grows Position in Confluent, Inc. $CFLT

State of New Jersey Common Pension Fund D raised its holdings in shares of Confluent, Inc. (NASDAQ:CFLT) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,063 shares of the company’s stock after buying an additional 2,406 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Confluent were worth $2,245,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of Confluent during the first quarter worth $26,000. Farther Finance Advisors LLC grew its holdings 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 valued at $36,000 after purchasing an additional 1,037 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Confluent in the first quarter valued at about $43,000. SVB Wealth LLC purchased a new stake in shares of Confluent in the first quarter valued at about $54,000. Finally, GAMMA Investing LLC grew its holdings in shares of Confluent by 26.8% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock valued at $73,000 after purchasing an additional 661 shares during the period. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Insider Buying and Selling at Confluent

In related news, Director Neha Narkhede sold 153,200 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $19.85, for a total value of $3,041,020.00. Following the completion of the transaction, the director owned 28,549 shares of the company’s stock, valued at approximately $566,697.65. The trade was a 84.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Ban Ryan Norris Mac sold 15,200 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.01, for a total transaction of $258,552.00. Following the completion of the transaction, the executive directly owned 397,345 shares of the company’s stock, valued at $6,758,838.45. The trade was a 3.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 741,584 shares of company stock worth $13,597,695. Insiders own 13.82% of the company’s stock.

Confluent Stock Performance

NASDAQ:CFLT opened at $23.75 on Wednesday. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of -26.39 and a beta of 0.96. Confluent, Inc. has a 1-year low of $15.64 and a 1-year high of $37.90. The firm’s fifty day moving average price is $20.48 and its 200 day moving average price is $21.82. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.98 and a quick ratio of 3.98.

Confluent (NASDAQ:CFLT) last issued its earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $298.52 million for the quarter, compared to analyst estimates of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 26.03%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS. FY 2025 guidance at 0.390-0.400 EPS. On average, sell-side analysts expect that Confluent, Inc. will post -0.83 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on CFLT. Stifel Nicolaus increased their target price on shares of Confluent from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday. Zacks Research raised shares of Confluent from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Capital One Financial set a $21.00 target price on shares of Confluent in a report on Thursday, July 31st. Wells Fargo & Company raised their target price on shares of Confluent from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Confluent in a report on Tuesday. Twenty-two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.10.

Confluent 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.