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

Confluent, Inc. (NASDAQ:CFLT) CMO Stephanie Buscemi sold 164,123 shares of the business’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 value of $4,306,587.52. Following the completion of the sale, the chief marketing officer now owns 149,644 shares of the company’s stock, valued at approximately $3,926,658.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Performance

NASDAQ CFLT opened at $26.43 on Wednesday. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of -23.81 and a beta of 0.82. The stock has a fifty day simple moving average of $21.14 and a 200 day simple moving average of $24.62. Confluent, Inc. has a twelve month low of $16.69 and a twelve month high of $35.07.

Confluent (NASDAQ:CFLT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.03. The business had revenue of $250.20 million for the quarter, compared to analysts’ expectations of $243.98 million. Confluent had a negative net margin of 38.35% and a negative return on equity of 34.05%. Sell-side analysts expect that Confluent, Inc. will post -0.94 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DA Davidson restated a “buy” rating and set a $30.00 target price on shares of Confluent in a research note on Wednesday, September 18th. Robert W. Baird upped their target price on Confluent from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wolfe Research upgraded Confluent to a “strong-buy” rating in a research note on Wednesday, September 18th. Loop Capital cut their target price on Confluent from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Confluent from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Confluent presently has a consensus rating of “Moderate Buy” and an average price target of $30.74.

Institutional Trading of Confluent

Institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in shares of Confluent by 7.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 12,100 shares of the company’s stock worth $369,000 after purchasing an additional 800 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Confluent by 8.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,681 shares of the company’s stock worth $322,000 after purchasing an additional 857 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Confluent by 40.3% during the 1st quarter. Advisors Asset Management Inc. now owns 2,991 shares of the company’s stock worth $91,000 after purchasing an additional 859 shares in the last quarter. Resolute Advisors LLC boosted its position in shares of Confluent by 11.1% during the 1st quarter. Resolute Advisors LLC now owns 8,693 shares of the company’s stock worth $265,000 after purchasing an additional 869 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Confluent by 4.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,352 shares of the company’s stock worth $804,000 after purchasing an additional 1,062 shares in the last quarter. 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.