181,500 Shares in Confluent, Inc. $CFLT Purchased by CIBRA Capital Ltd

CIBRA Capital Ltd bought a new stake in shares of Confluent, Inc. (NASDAQ:CFLT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 181,500 shares of the company’s stock, valued at approximately $5,489,000. Confluent accounts for about 9.4% of CIBRA Capital Ltd’s portfolio, making the stock its largest holding. CIBRA Capital Ltd owned about 0.05% of Confluent at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its holdings in Confluent by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 86,477 shares of the company’s stock valued at $1,712,000 after purchasing an additional 536 shares during the period. Xponance Inc. raised its stake in shares of Confluent by 1.8% in the third quarter. Xponance Inc. now owns 40,399 shares of the company’s stock valued at $800,000 after buying an additional 723 shares during the period. Perigon Wealth Management LLC lifted its position in shares of Confluent by 8.7% during the 3rd quarter. Perigon Wealth Management LLC now owns 10,775 shares of the company’s stock valued at $213,000 after buying an additional 866 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Confluent by 7.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 13,880 shares of the company’s stock valued at $346,000 after buying an additional 993 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Confluent by 94.9% during the 4th quarter. GAMMA Investing LLC now owns 2,422 shares of the company’s stock worth $73,000 after acquiring an additional 1,179 shares during the period. Hedge funds and other institutional investors own 78.09% of the company’s stock.

Insider Buying and Selling at Confluent

In other Confluent news, Director Eric Vishria sold 61,905 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $30.57, for a total value of $1,892,435.85. Following the sale, the director directly owned 663,637 shares in the company, valued at $20,287,383.09. This represents a 8.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward Jay Kreps sold 270,207 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $30.70, for a total transaction of $8,295,354.90. Following the completion of the transaction, the chief executive officer directly owned 301,660 shares of the company’s stock, valued at approximately $9,260,962. The trade was a 47.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 525,929 shares of company stock worth $16,124,278 in the last ninety days. Insiders own 9.20% of the company’s stock.

Confluent Price Performance

CFLT stock opened at $30.99 on Friday. The stock has a 50-day simple moving average of $30.68 and a two-hundred day simple moving average of $26.70. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $31.00. The firm has a market capitalization of $11.08 billion, a PE ratio of -36.03 and a beta of 0.95. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.94.

Confluent (NASDAQ:CFLT) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Confluent had a negative net margin of 25.31% and a negative return on equity of 22.66%. The firm had revenue of $314.82 million for the quarter, compared to the consensus estimate of $308.03 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts predict that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CFLT has been the subject of several recent research reports. Citizens Jmp lowered Confluent from an “outperform” rating to a “market perform” rating in a report on Friday, January 9th. Piper Sandler lowered shares of Confluent from an “overweight” rating to a “hold” rating and set a $31.00 target price for the company. in a research report on Monday, December 8th. William Blair downgraded shares of Confluent from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Raymond James Financial lowered shares of Confluent from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 9th. Finally, Needham & Company LLC cut shares of Confluent from a “buy” rating to a “hold” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.71.

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.