Rohan Sivaram Sells 3,000 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) CFO Rohan Sivaram sold 3,000 shares of Confluent stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $29.84, for a total value of $89,520.00. Following the completion of the transaction, the chief financial officer owned 588,738 shares of the company’s stock, valued at approximately $17,567,941.92. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Rohan Sivaram also recently made the following trade(s):

• On Monday, December 1st, Rohan Sivaram sold 8,000 shares of Confluent stock. The shares were sold at an average price of $22.12, for a total transaction of $176,960.00.
• On Thursday, November 20th, Rohan Sivaram sold 25,858 shares of Confluent stock. The shares were sold at an average price of $22.51, for a total transaction of $582,063.58.
• On Wednesday, October 29th, Rohan Sivaram sold 6,000 shares of Confluent stock. The stock was sold at an average price of $23.76, for a total transaction of $142,560.00.

Confluent Stock Performance

Shares of NASDAQ:CFLT traded up $0.10 during trading hours on Wednesday, hitting $30.00. The stock had a trading volume of 31,079,093 shares, compared to its average volume of 7,772,174. The stock’s fifty day simple moving average is $22.84 and its 200 day simple moving average is $22.14. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of -33.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.01 and a current ratio of 4.01. Confluent, Inc. has a 1-year low of $15.64 and a 1-year high of $37.90.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $292.69 million. Confluent had a negative net margin of 27.32% and a negative return on equity of 25.40%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. Confluent has set its Q4 2025 guidance at 0.090-0.100 EPS and its FY 2025 guidance at 0.390-0.400 EPS. Sell-side analysts anticipate that Confluent, Inc. will post -0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Confluent

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in Confluent in the 3rd quarter valued at $26,000. Danske Bank A S purchased a new stake in shares of Confluent during the third quarter valued at approximately $34,000. Farther Finance Advisors LLC raised its stake in shares of Confluent by 252.3% during 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. True Wealth Design LLC purchased a new position in Confluent in the third quarter valued at about $36,000. Finally, Ramirez Asset Management Inc. bought a new stake in shares of Confluent in the third quarter valued at $40,000. 78.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson reaffirmed a “neutral” rating and set a $31.00 target price (up previously from $29.00) on shares of Confluent in a research note on Monday. Citigroup raised their target price on shares of Confluent from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday. Stifel Nicolaus upped their price target on shares of Confluent from $21.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, October 28th. Piper Sandler lowered Confluent from an “overweight” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Monday. Finally, Royal Bank Of Canada lowered Confluent from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $30.00 to $31.00 in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued 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.com, Confluent presently has an average rating of “Hold” and a consensus target price of $29.00.

Confluent Company Profile

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.