Amundi Raises Holdings in Confluent, Inc. $CFLT

Amundi raised its position in shares of Confluent, Inc. (NASDAQ:CFLT) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,179,030 shares of the company’s stock after acquiring an additional 192,826 shares during the period. Amundi’s holdings in Confluent were worth $55,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Confluent by 252.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after purchasing an additional 1,037 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Confluent during the 2nd quarter worth approximately $49,000. Banque Transatlantique SA purchased a new position in Confluent in the first quarter valued at approximately $43,000. SVB Wealth LLC acquired a new position in Confluent during the first quarter valued at approximately $54,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Confluent during the second quarter valued at approximately $67,000. 78.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Confluent

In other news, CAO Kong Phan sold 2,640 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $22.51, for a total value of $59,426.40. Following the sale, the chief accounting officer owned 228,891 shares in the company, valued at approximately $5,152,336.41. This represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward Jay Kreps sold 37,707 shares of Confluent stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $22.20, for a total value of $837,095.40. Following the completion of the transaction, the chief executive officer owned 339,367 shares of the company’s stock, valued at $7,533,947.40. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 455,486 shares of company stock valued at $10,559,288 over the last ninety days. 13.82% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CFLT. Evercore ISI set a $31.00 target price on shares of Confluent in a research note on Monday. Barclays boosted their price objective on Confluent from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $31.00 target price on shares of Confluent in a research report on Monday. William Blair downgraded Confluent from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, The Goldman Sachs Group boosted their price target on Confluent from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Confluent has a consensus rating of “Hold” and a consensus price target of $28.56.

Confluent Trading Up 29.1%

NASDAQ:CFLT opened at $29.87 on Tuesday. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of -33.19 and a beta of 0.99. Confluent, Inc. has a one year low of $15.64 and a one year high of $37.90. 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 business’s 50-day simple moving average is $22.63 and its 200 day simple moving average is $22.08.

Confluent (NASDAQ:CFLT) last posted 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 return on equity of 25.40% and a negative net margin of 27.32%.The company had revenue of $298.52 million for the quarter, compared to the consensus estimate of $292.69 million. During the same period in the previous year, the business earned $0.10 EPS. Confluent’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. As a group, sell-side analysts predict that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

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.