Sax Wealth Advisors LLC Lowers Position in Confluent, Inc. $CFLT

Sax Wealth Advisors LLC lowered its holdings in Confluent, Inc. (NASDAQ:CFLT) by 19.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,061 shares of the company’s stock after selling 8,948 shares during the period. Sax Wealth Advisors LLC’s holdings in Confluent were worth $892,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CFLT. 1832 Asset Management L.P. purchased a new stake in shares of Confluent in the 1st quarter valued at about $48,547,000. Vanguard Group Inc. raised its holdings 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 in the last quarter. Phoenix Financial Ltd. raised its holdings in shares of 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 acquiring an additional 1,392,615 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Confluent in the 1st quarter valued at about $28,791,000. Finally, Vishria Bird Financial Group LLC raised its holdings in shares of Confluent by 1,301.3% in the 1st quarter. Vishria Bird Financial Group LLC now owns 1,234,929 shares of the company’s stock valued at $28,947,000 after acquiring an additional 1,146,803 shares in the last quarter. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Confluent Price Performance

Shares of Confluent stock opened at $17.79 on Friday. The business’s 50-day moving average price is $22.44 and its 200-day moving average price is $24.16. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The firm has a market capitalization of $6.13 billion, a PE ratio of -18.93 and a beta of 0.96.

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

Insider Buying and Selling at Confluent

In related news, Director Michelangelo Volpi sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the director directly owned 267,079 shares in the company, valued at $6,676,975. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Vishria sold 15,476 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $25.00, for a total value of $386,900.00. Following the transaction, the director owned 1,154,400 shares in the company, valued at approximately $28,860,000. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 627,117 shares of company stock worth $13,017,274 over the last quarter. Company insiders own 9.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CFLT. UBS Group lowered their price target on Confluent from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Stephens began coverage on Confluent in a research report on Friday, July 18th. They set an “overweight” rating and a $31.00 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $21.00 price objective (down from $30.00) on shares of Confluent in a research report on Thursday, July 31st. Capital One Financial set a $21.00 price objective on Confluent in a research report on Thursday, July 31st. Finally, Wells Fargo & Company reduced their price objective on Confluent from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.36.

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.