Neha Narkhede Sells 23,100 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) Director Neha Narkhede sold 23,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $30.00, for a total value of $693,000.00. Following the completion of the transaction, the director directly owned 28,549 shares of the company’s stock, valued at approximately $856,470. This represents a 44.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Neha Narkhede also recently made the following trade(s):

• On Monday, December 8th, Neha Narkhede sold 40,000 shares of Confluent stock. The stock was sold at an average price of $29.77, for a total transaction of $1,190,800.00.
• On Monday, December 1st, Neha Narkhede sold 30,000 shares of Confluent stock. The shares were sold at an average price of $22.15, for a total transaction of $664,500.00.
• On Monday, November 3rd, Neha Narkhede sold 30,000 shares of Confluent stock. The stock was sold at an average price of $23.57, for a total transaction of $707,100.00.
• On Wednesday, October 29th, Neha Narkhede sold 30,000 shares of Confluent stock. The stock was sold at an average price of $23.65, for a total transaction of $709,500.00.

Confluent Stock Down 0.3%

CFLT opened at $30.05 on Friday. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $37.90. The company’s 50-day moving average price is $23.43 and its two-hundred day moving average price is $22.30. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of -33.39 and a beta of 0.99. 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 (NASDAQ:CFLT) last issued its quarterly earnings results 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 company had revenue of $298.52 million during the quarter, compared to analyst estimates of $292.69 million. During the same quarter last year, the business posted $0.10 EPS. Confluent’s quarterly revenue 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, equities analysts expect that Confluent, Inc. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

CFLT has been the topic of a number of recent research reports. Needham & Company LLC cut Confluent from a “buy” rating to a “hold” rating in a research report on Monday, December 8th. Zacks Research raised shares of Confluent from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Oppenheimer lowered shares of Confluent from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Barclays lifted their target price 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. Finally, Evercore ISI set a $31.00 price target on shares of Confluent in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.71.

Hedge Funds Weigh In On Confluent

Several hedge funds have recently bought and sold shares of the company. Quarry LP bought a new position in shares of Confluent in the third quarter worth $26,000. Farther Finance Advisors LLC grew its position in Confluent by 252.3% during the second quarter. Farther Finance Advisors LLC now owns 1,448 shares of the company’s stock worth $36,000 after buying an additional 1,037 shares in the last quarter. Danske Bank A S bought a new position in Confluent in the 3rd quarter worth about $34,000. True Wealth Design LLC purchased a new stake in shares of Confluent in the 3rd quarter valued at about $36,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Confluent during the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.

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.