Confluent (NASDAQ:CFLT) CRO Sells $91,467.88 in Stock

Confluent, Inc. (NASDAQ:CFLT) CRO Ban Ryan Norris Mac sold 3,053 shares of Confluent stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $29.96, for a total value of $91,467.88. Following the completion of the transaction, the executive directly owned 332,679 shares of the company’s stock, valued at approximately $9,967,062.84. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, December 22nd, Ban Ryan Norris Mac sold 1,218 shares of Confluent stock. The stock was sold at an average price of $29.96, for a total value of $36,491.28.
• On Monday, December 8th, Ban Ryan Norris Mac sold 44,114 shares of Confluent stock. The stock was 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 value of $339,045.62.

Confluent Stock Performance

CFLT traded up $0.10 during midday trading on Tuesday, reaching $30.05. The company had a trading volume of 4,263,984 shares, compared to its average volume of 19,334,358. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. The stock has a market cap of $10.51 billion, a PE ratio of -33.39 and a beta of 0.99. Confluent, Inc. has a 12-month low of $15.64 and a 12-month high of $37.90. The business has a 50-day moving average price of $24.49 and a two-hundred day moving average price of $22.62.

Confluent (NASDAQ:CFLT) last posted its 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 business had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. 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, sell-side analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CFLT has been the topic of several research analyst reports. Citigroup boosted their price target on shares of Confluent from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 9th. Guggenheim cut shares of Confluent from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Mizuho lowered shares of Confluent from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Raymond James Financial lowered Confluent from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 9th. Finally, Wolfe Research downgraded Confluent from an “outperform” rating to a “hold” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Confluent has an average rating of “Hold” and an average price target of $28.71.

Hedge Funds Weigh In On Confluent

Several large investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its stake in Confluent by 28.5% in the second quarter. Bank of Montreal Can now owns 261,007 shares of the company’s stock worth $6,507,000 after acquiring an additional 57,928 shares during the period. Hsbc Holdings PLC raised its stake in Confluent by 655.7% in the second quarter. Hsbc Holdings PLC now owns 243,596 shares of the company’s stock worth $6,013,000 after buying an additional 211,360 shares in the last quarter. Blair William & Co. IL lifted its holdings in Confluent by 8.6% during the second quarter. Blair William & Co. IL now owns 160,575 shares of the company’s stock worth $4,003,000 after buying an additional 12,654 shares during the period. Coronation Fund Managers Ltd. bought a new stake in Confluent during the 2nd quarter valued at $10,250,000. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Confluent in the 2nd quarter valued at $499,000. 78.09% of the stock is currently owned by hedge funds and other 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.