Confluent (NASDAQ:CFLT) CRO Ban Ryan Norris Mac Sells 1,218 Shares

Confluent, Inc. (NASDAQ:CFLT) CRO Ban Ryan Norris Mac sold 1,218 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $29.96, for a total value of $36,491.28. Following the sale, the executive directly owned 335,732 shares of the company’s stock, valued at $10,058,530.72. This represents a 0.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, December 23rd, Ban Ryan Norris Mac sold 3,053 shares of Confluent stock. The shares were sold at an average price of $29.96, for a total transaction of $91,467.88.
• On Monday, December 8th, Ban Ryan Norris Mac sold 44,114 shares of Confluent stock. The shares were sold at an average price of $29.77, for a total transaction of $1,313,273.78.
• 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 transaction of $339,045.62.

Confluent Stock Up 0.3%

Shares of CFLT opened at $30.05 on Wednesday. The firm has a market cap of $10.51 billion, a P/E ratio of -33.39 and a beta of 0.99. 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, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The firm’s 50-day simple moving average is $24.49 and its 200 day simple moving average is $22.62.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $292.69 million. During the same period last year, the business posted $0.10 earnings per share. The business’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 forecast that Confluent, Inc. will post -0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CFLT shares. Guggenheim downgraded shares of Confluent from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. New Street Research set a $29.00 price objective on Confluent in a report on Thursday, October 30th. Morgan Stanley upped their target price on Confluent from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada lowered Confluent from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $30.00 to $31.00 in a report on Tuesday, December 9th. Finally, Wolfe Research downgraded Confluent from an “outperform” rating to a “hold” rating in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.71.

Institutional Trading of Confluent

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Confluent by 10.5% in the third quarter. Vanguard Group Inc. now owns 31,347,214 shares of the company’s stock valued at $620,675,000 after acquiring an additional 2,970,708 shares during the last quarter. Altimeter Capital Management LP boosted its stake in shares of Confluent by 11.0% in the 1st quarter. Altimeter Capital Management LP now owns 13,042,080 shares of the company’s stock valued at $305,706,000 after purchasing an additional 1,295,710 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Confluent by 6.7% during the 2nd quarter. Champlain Investment Partners LLC now owns 11,590,026 shares of the company’s stock valued at $288,939,000 after purchasing an additional 727,943 shares during the last quarter. William Blair Investment Management LLC increased its position in Confluent by 3.8% during the 2nd quarter. William Blair Investment Management LLC now owns 9,639,102 shares of the company’s stock worth $240,303,000 after purchasing an additional 356,277 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Confluent by 1.7% during the 2nd quarter. Franklin Resources Inc. now owns 8,592,443 shares of the company’s stock worth $214,210,000 after purchasing an additional 143,232 shares in the last quarter. 78.09% of the stock is currently owned by institutional investors.

Confluent Company Profile

Confluent, Inc (NASDAQ: CFLT) is a leading provider of an event streaming platform built on Apache Kafka. The company’s flagship offerings include Confluent Platform—a self-managed software solution—and Confluent Cloud, a fully managed service designed to simplify real-time data processing across hybrid and multi-cloud environments. These products enable enterprises to collect, process and distribute high volumes of data in real time, supporting use cases such as fraud detection, supply chain optimization and personalized customer experiences.

Founded in 2014 by Apache Kafka co-creators Jay Kreps, Neha Narkhede and Jun Rao, Confluent has driven the commercialization of Kafka technologies and extended the platform with tools for data integration, stream processing and enterprise-grade security.