Edward Jay Kreps Sells 232,500 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) CEO Edward Jay Kreps sold 232,500 shares of Confluent stock in a transaction on Monday, December 15th. The stock was sold at an average price of $30.10, for a total value of $6,998,250.00. Following the sale, the chief executive officer directly owned 339,367 shares of the company’s stock, valued at $10,214,946.70. This represents a 40.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Edward Jay Kreps also recently made the following trade(s):

• On Friday, December 12th, Edward Jay Kreps sold 506,000 shares of Confluent stock. The shares were sold at an average price of $30.04, for a total transaction of $15,200,240.00.
• On Thursday, November 20th, Edward Jay Kreps sold 37,707 shares of Confluent stock. The stock was sold at an average price of $22.20, for a total transaction of $837,095.40.
• On Thursday, November 13th, Edward Jay Kreps sold 232,500 shares of Confluent stock. The stock was sold at an average price of $23.53, for a total transaction of $5,470,725.00.

Confluent Stock Performance

Shares of NASDAQ:CFLT traded down $0.11 on Tuesday, reaching $29.96. 18,392,934 shares of the company’s stock were exchanged, compared to its average volume of 7,927,212. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. The company has a fifty day moving average of $23.61 and a 200-day moving average of $22.35. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of -33.29 and a beta of 0.99. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.98.

Confluent (NASDAQ:CFLT) last released its quarterly earnings results on Monday, October 27th. The company reported $0.13 earnings per share 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 net margin of 27.32% and a negative return on equity of 25.40%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business 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, research analysts predict that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CFLT has been the topic of several analyst reports. UBS Group lowered Confluent from a “buy” rating to a “neutral” rating and increased their target price for the stock from $29.00 to $31.00 in a report on Tuesday, December 9th. Barclays increased their price objective on shares of Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Evercore ISI set a $31.00 target price on shares of Confluent in a research report on Monday, December 8th. Cowen reiterated a “hold” rating on shares of Confluent in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada cut shares of Confluent from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $30.00 to $31.00 in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.71.

Hedge Funds Weigh In On Confluent

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its stake in shares of Confluent by 28.5% during the second quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock worth $6,507,000 after buying an additional 57,928 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Confluent by 655.7% during the 2nd quarter. Hsbc Holdings PLC now owns 243,596 shares of the company’s stock valued at $6,013,000 after acquiring an additional 211,360 shares in the last quarter. Nuveen LLC bought a new stake in Confluent during the 1st quarter worth $28,791,000. Blair William & Co. IL grew its position in Confluent by 8.6% during the 2nd quarter. Blair William & Co. IL now owns 160,575 shares of the company’s stock worth $4,003,000 after acquiring an additional 12,654 shares during the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new position in Confluent in the 2nd quarter worth about $10,250,000. 78.09% of the stock is currently owned by institutional investors and hedge funds.

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.