Edward Jay Kreps Sells 506,000 Shares of Confluent (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) CEO Edward Jay Kreps sold 506,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $30.04, for a total transaction of $15,200,240.00. Following the completion of the sale, the chief executive officer owned 339,367 shares in the company, valued at $10,194,584.68. This represents a 59.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Edward Jay Kreps also recently made the following trade(s):

• On Monday, December 15th, Edward Jay Kreps sold 232,500 shares of Confluent stock. The stock was sold at an average price of $30.10, for a total transaction of $6,998,250.00.
• On Thursday, November 20th, Edward Jay Kreps sold 37,707 shares of Confluent stock. The shares were sold at an average price of $22.20, for a total value of $837,095.40.
• On Thursday, November 13th, Edward Jay Kreps sold 232,500 shares of Confluent stock. The shares were sold at an average price of $23.53, for a total value of $5,470,725.00.

Confluent Price Performance

CFLT stock traded down $0.11 during midday trading on Tuesday, reaching $29.96. 18,392,934 shares of the stock were exchanged, compared to its average volume of 7,927,212. Confluent, Inc. has a 52 week low of $15.64 and a 52 week high of $37.90. The company has a fifty day moving average price of $23.61 and a 200 day moving average price of $22.35. 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 stock has a market capitalization of $10.48 billion, a PE ratio of -33.29 and a beta of 0.99.

Confluent (NASDAQ:CFLT) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $298.52 million for the quarter, compared to analyst estimates of $292.69 million. During the same period last year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. 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, analysts expect that Confluent, Inc. will post -0.83 EPS for the current fiscal year.

Institutional Trading of Confluent

A number of institutional investors have recently bought and sold shares of CFLT. Allworth Financial LP increased its position in Confluent by 763.7% in the 3rd quarter. Allworth Financial LP now owns 4,042 shares of the company’s stock valued at $80,000 after buying an additional 3,574 shares in the last quarter. IFP Advisors Inc grew its stake in Confluent by 53.3% in the third quarter. IFP Advisors Inc now owns 7,221 shares of the company’s stock valued at $143,000 after acquiring an additional 2,510 shares during the period. Swiss Life Asset Management Ltd bought a new stake in shares of Confluent during the third quarter valued at approximately $246,000. Caerus Investment Advisors LLC acquired a new position in shares of Confluent during the third quarter worth approximately $270,000. Finally, Danske Bank A S acquired a new position in shares of Confluent during the third quarter worth approximately $34,000. Institutional investors own 78.09% of the company’s stock.

Wall Street Analyst Weigh In

CFLT has been the topic of a number of research reports. Citigroup boosted their target price on shares of Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, December 9th. Cowen reissued a “hold” rating on shares of Confluent in a research note on Tuesday, October 28th. Robert W. Baird raised their target price on Confluent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 9th. Oppenheimer downgraded Confluent from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 9th. Finally, Morgan Stanley increased their price target on Confluent from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.71.

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.