Confluent (NASDAQ:CFLT) CFO Rohan Sivaram Sells 8,000 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) CFO Rohan Sivaram sold 8,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $22.12, for a total transaction of $176,960.00. Following the sale, the chief financial officer owned 591,738 shares of the company’s stock, valued at $13,089,244.56. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rohan Sivaram also recently made the following trade(s):

• On Thursday, November 20th, Rohan Sivaram sold 25,858 shares of Confluent stock. The stock was sold at an average price of $22.51, for a total value of $582,063.58.
• On Wednesday, October 29th, Rohan Sivaram sold 6,000 shares of Confluent stock. The shares were sold at an average price of $23.76, for a total value of $142,560.00.
• On Monday, September 8th, Rohan Sivaram sold 5,000 shares of Confluent stock. The shares were sold at an average price of $20.00, for a total value of $100,000.00.

Confluent Trading Up 2.6%

NASDAQ CFLT opened at $23.65 on Thursday. The stock has a market cap of $8.27 billion, a P/E ratio of -26.28 and a beta of 0.99. Confluent, Inc. has a fifty-two week low of $15.64 and a fifty-two week high of $37.90. The stock has a 50 day simple moving average of $22.29 and a two-hundred day simple moving average of $22.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01.

Confluent (NASDAQ:CFLT) last announced its earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company 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 revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. On average, analysts forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stephens increased their target price on Confluent from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Cowen reaffirmed a “hold” rating on shares of Confluent in a research note on Tuesday, October 28th. Raymond James Financial reissued an “outperform” rating and set a $30.00 price objective (up previously from $25.00) on shares of Confluent in a research report on Tuesday, October 28th. Mizuho boosted their target price on shares of Confluent from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, DA Davidson increased their price target on shares of Confluent from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.97.

Institutional Trading of Confluent

Institutional investors have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Confluent during the third quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its stake in Confluent by 252.3% during the 2nd 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 last quarter. Danske Bank A S bought a new stake in shares of Confluent in the 3rd quarter worth $34,000. True Wealth Design LLC bought a new stake in shares of Confluent in the 3rd quarter worth $36,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Confluent in the second quarter worth $49,000. 78.09% of the stock is owned by hedge funds and other institutional investors.

About Confluent

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.