Confluent (NASDAQ:CFLT) CRO Ban Ryan Norris Mac Sells 44,114 Shares

Confluent, Inc. (NASDAQ:CFLT) CRO Ban Ryan Norris Mac sold 44,114 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $29.77, for a total value of $1,313,273.78. Following the completion of the transaction, the executive owned 336,950 shares in the company, valued at $10,031,001.50. The trade was a 11.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ban Ryan Norris Mac also recently made the following trade(s):

• On Thursday, November 20th, Ban Ryan Norris Mac sold 15,062 shares of Confluent stock. The stock was sold at an average price of $22.51, for a total value of $339,045.62.
• On Monday, September 22nd, Ban Ryan Norris Mac sold 1,219 shares of Confluent stock. The stock was sold at an average price of $19.87, for a total value of $24,221.53.

Confluent Price Performance

CFLT stock traded up $0.10 during midday trading on Wednesday, hitting $30.00. The company’s stock had a trading volume of 31,079,093 shares, compared to its average volume of 7,772,174. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.98. Confluent, Inc. has a 12 month low of $15.64 and a 12 month high of $37.90. The company has a 50 day moving average of $22.84 and a two-hundred day moving average of $22.14. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of -33.33 and a beta of 0.99.

Confluent (NASDAQ:CFLT) last released its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The firm had revenue of $298.52 million for the quarter, compared to analysts’ expectations of $292.69 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. 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 expect that Confluent, Inc. will post -0.83 EPS for the current year.

Hedge Funds Weigh In On Confluent

A number of institutional investors and hedge funds have recently modified their holdings of CFLT. US Bancorp DE increased its position in shares of Confluent by 154.2% during the 1st quarter. US Bancorp DE now owns 10,718 shares of the company’s stock valued at $251,000 after purchasing an additional 6,502 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Confluent by 39.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,053 shares of the company’s stock worth $95,000 after buying an additional 1,143 shares during the period. Vanguard Group Inc. increased its position in Confluent by 7.2% during the first 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 during the last quarter. Swiss National Bank raised its stake in shares of Confluent by 1.7% in the first quarter. Swiss National Bank now owns 475,100 shares of the company’s stock valued at $11,136,000 after acquiring an additional 7,800 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of Confluent in the 1st quarter worth about $514,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CFLT. Robert W. Baird boosted their price target on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday. Truist Financial set a $31.00 target price on Confluent in a research report on Monday. Barclays increased their price target on Confluent from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Stifel Nicolaus lifted their price objective on Confluent from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Confluent in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.

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.