Stanley Laman Group Ltd. Sells 23,344 Shares of Confluent, Inc. $CFLT

Stanley Laman Group Ltd. lessened its stake in shares of Confluent, Inc. (NASDAQ:CFLT) by 9.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 221,187 shares of the company’s stock after selling 23,344 shares during the period. Stanley Laman Group Ltd. owned 0.06% of Confluent worth $5,514,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in Confluent during the first quarter valued at about $26,000. Farther Finance Advisors LLC grew its holdings in Confluent by 252.3% during 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 bought a new stake in Confluent during the first quarter valued at about $43,000. SVB Wealth LLC bought a new stake in Confluent during the first quarter valued at about $54,000. Finally, GAMMA Investing LLC grew its holdings in Confluent by 26.8% during 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. Institutional investors own 78.09% of the company’s stock.

Insider Buying and Selling

In related news, Director Neha Narkhede sold 153,200 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $19.85, for a total value of $3,041,020.00. Following the sale, the director directly owned 28,549 shares in the company, valued at approximately $566,697.65. The trade was a 84.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward Jay Kreps sold 232,500 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $18.66, for a total value of $4,338,450.00. Following the completion of the sale, the chief executive officer owned 377,074 shares in the company, valued at $7,036,200.84. This represents a 38.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 741,584 shares of company stock valued at $13,597,695 in the last ninety days. Company insiders own 9.20% of the company’s stock.

Confluent Price Performance

NASDAQ:CFLT opened at $22.43 on Friday. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $7.73 billion, a P/E ratio of -23.86 and a beta of 0.96. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The business’s 50-day moving average is $19.71 and its 200 day moving average is $21.75.

Confluent (NASDAQ:CFLT) last posted its earnings results on Wednesday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $282.29 million for the quarter, compared to the consensus estimate of $278.32 million. Confluent had a negative return on equity of 27.34% and a negative net margin of 29.27%.The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the business 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. On average, equities research analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CFLT shares. Citigroup boosted their price target on Confluent from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Zacks Research raised Confluent from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $21.00 price objective (down previously from $30.00) on shares of Confluent in a research note on Thursday, July 31st. Oppenheimer dropped their price objective on Confluent from $32.00 to $26.00 and set an “outperform” rating for the company in a research note 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 for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.43.

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.