CIBRA Capital Ltd Purchases Shares of 181,500 Confluent, Inc. $CFLT

CIBRA Capital Ltd acquired a new position in shares of Confluent, Inc. (NASDAQ:CFLT) in the 4th quarter, Holdings Channel reports. The fund acquired 181,500 shares of the company’s stock, valued at approximately $5,489,000. Confluent accounts for approximately 9.4% of CIBRA Capital Ltd’s portfolio, making the stock its largest position.

Several other institutional investors also recently modified their holdings of CFLT. Pallas Capital Advisors LLC lifted its position in Confluent by 51.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 29,364 shares of the company’s stock valued at $888,000 after purchasing an additional 9,919 shares during the last quarter. Syquant Capital Sas bought a new position in shares of Confluent in the 4th quarter worth $6,192,000. Moody National Bank Trust Division bought a new position in shares of Confluent in the 4th quarter worth $247,000. True Wealth Design LLC raised its position in shares of Confluent by 77.7% during the 4th quarter. True Wealth Design LLC now owns 3,209 shares of the company’s stock valued at $97,000 after buying an additional 1,403 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Confluent by 53.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,184 shares of the company’s stock worth $4,685,000 after acquiring an additional 54,204 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CFLT has been the subject of several research reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $31.00 target price on shares of Confluent in a research report on Monday, December 8th. Wolfe Research lowered Confluent from an “outperform” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Confluent in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on Confluent and gave the company a “hold” rating in a research report on Monday, December 8th. Finally, Canaccord Genuity Group cut Confluent from a “buy” rating to a “hold” rating and raised their price objective for the company from $27.00 to $31.00 in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.71.

Confluent Stock Performance

NASDAQ CFLT opened at $30.99 on Friday. The company 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 12-month low of $15.64 and a 12-month high of $31.00. The firm has a market cap of $11.08 billion, a price-to-earnings 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 released its quarterly earnings data on Wednesday, February 11th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Confluent had a negative return on equity of 22.66% and a negative net margin of 25.31%.The firm had revenue of $314.82 million for the quarter, compared to the consensus estimate of $308.03 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities analysts forecast that Confluent, Inc. will post -0.83 EPS for the current year.

Insiders Place Their Bets

In other Confluent news, Director Neha Narkhede sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $30.59, for a total value of $2,447,200.00. Following the completion of the sale, the director owned 28,549 shares in the company, valued at approximately $873,313.91. The trade was a 73.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michelangelo Volpi sold 25,000 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $30.59, for a total value of $764,750.00. Following the sale, the director directly owned 155,512 shares of the company’s stock, valued at approximately $4,757,112.08. This trade represents a 13.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 525,929 shares of company stock worth $16,124,278. 9.20% of the stock is currently owned by corporate insiders.

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.