Stephanie Buscemi Sells 164,123 Shares of Confluent, Inc. (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) CMO Stephanie Buscemi sold 164,123 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $26.24, for a total transaction of $4,306,587.52. Following the completion of the sale, the chief marketing officer now directly owns 149,644 shares of the company’s stock, valued at approximately $3,926,658.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Stephanie Buscemi also recently made the following trade(s):

• On Tuesday, August 20th, Stephanie Buscemi sold 3,866 shares of Confluent stock. The shares were sold at an average price of $21.68, for a total value of $83,814.88.

Confluent Stock Up 2.6 %

CFLT stock opened at $27.13 on Thursday. The stock has a market capitalization of $8.76 billion, a P/E ratio of -24.44 and a beta of 0.82. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $21.25 and a 200-day moving average price of $24.61. Confluent, Inc. has a 12 month low of $16.69 and a 12 month high of $35.07.

Confluent (NASDAQ:CFLT) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.03. The company had revenue of $250.20 million for the quarter, compared to the consensus estimate of $243.98 million. Confluent had a negative return on equity of 34.05% and a negative net margin of 38.35%. As a group, equities research analysts anticipate that Confluent, Inc. will post -0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CFLT shares. Barclays lifted their price target on shares of Confluent from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Bank of America cut their price target on shares of Confluent from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, August 1st. UBS Group increased their target price on shares of Confluent from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their target price on Confluent from $26.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Piper Sandler dropped their price target on Confluent from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.74.

Institutional Trading of Confluent

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Confluent by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 19,741,320 shares of the company’s stock worth $602,505,000 after acquiring an additional 669,675 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Confluent by 17.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,581,914 shares of the company’s stock valued at $536,601,000 after purchasing an additional 2,587,169 shares during the period. 1832 Asset Management L.P. increased its position in Confluent by 28.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 7,617,100 shares of the company’s stock valued at $224,933,000 after buying an additional 1,684,100 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Confluent during the 2nd quarter worth approximately $193,403,000. Finally, Champlain Investment Partners LLC acquired a new stake in Confluent in the first quarter valued at approximately $144,563,000. Institutional investors own 78.09% of the company’s stock.

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.