Brighton Jones LLC Makes New $471,000 Investment in Confluent, Inc. $CFLT

Brighton Jones LLC acquired a new stake in Confluent, Inc. (NASDAQ:CFLT) during the 3rd quarter, HoldingsChannel reports. The firm acquired 23,794 shares of the company’s stock, valued at approximately $471,000.

A number of other institutional investors also recently modified their holdings of CFLT. Northern Trust Corp lifted its stake in shares of Confluent by 2.1% in the 1st quarter. Northern Trust Corp now owns 1,412,390 shares of the company’s stock valued at $33,106,000 after purchasing an additional 29,362 shares during the last quarter. Jump Financial LLC bought a new position in Confluent during the first quarter valued at about $994,000. Comerica Bank lifted its position in shares of Confluent by 97.1% in the first quarter. Comerica Bank now owns 126,828 shares of the company’s stock worth $2,973,000 after buying an additional 62,489 shares during the last quarter. State of Wyoming bought a new stake in shares of Confluent during the 1st quarter worth about $163,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Confluent by 27,666.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 83,300 shares of the company’s stock worth $1,953,000 after acquiring an additional 83,000 shares in the last quarter. Institutional investors and hedge funds own 78.09% of the company’s stock.

Confluent Trading Down 0.1%

Shares of Confluent stock opened at $30.11 on Friday. Confluent, Inc. has a 52-week low of $15.64 and a 52-week high of $37.90. The firm has a market capitalization of $10.53 billion, a PE ratio of -33.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.01 and a quick ratio of 4.01. The company’s fifty day moving average price is $24.94 and its two-hundred day moving average price is $22.76.

Confluent (NASDAQ:CFLT) last issued its earnings results on Monday, October 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $298.52 million during the quarter, compared to analysts’ expectations of $292.69 million. Confluent had a negative return on equity of 25.40% and a negative net margin of 27.32%.Confluent’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, analysts expect that Confluent, Inc. will post -0.83 EPS for the current year.

Insider Activity at Confluent

In other Confluent news, Director Michelangelo Volpi sold 32,038 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $29.77, for a total value of $953,771.26. Following the transaction, the director directly owned 235,041 shares in the company, valued at $6,997,170.57. The trade was a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Ban Ryan Norris Mac sold 44,114 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $29.77, for a total value of $1,313,273.78. Following the sale, the executive owned 336,950 shares in the company, valued at approximately $10,031,001.50. This trade represents a 11.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,455,620 shares of company stock valued at $40,630,407. Insiders own 9.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CFLT has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Confluent from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. UBS Group lowered shares of Confluent from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $29.00 to $31.00 in a research report on Tuesday, December 9th. FBN Securities reaffirmed an “outperform” rating and issued a $28.00 price target on shares of Confluent in a research report on Tuesday, October 28th. DA Davidson reissued a “neutral” rating and set a $31.00 price objective (up previously from $29.00) on shares of Confluent in a research report on Monday, December 8th. Finally, Evercore ISI set a $31.00 target price on Confluent in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.71.

Confluent 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.