6 days Ago By ABMN Staff
Mariner LLC raised its stake in shares of Confluent, Inc. ( NASDAQ:CFLT – Free Report ) by 23.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The fund owned 28,359 shares of the company’s stock after purchasing an additional 5,325 shares during the period. Mariner LLC’s holdings in Confluent were worth $793,000 at the end of the most recent quarter. Several other large investors have also bought and sold shares of CFLT.
Treasurer of the State of North Carolina raised its position in shares of Confluent by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 108,859 shares of the company’s stock worth $3,044,000 after acquiring an additional 680 shares in the last quarter.
Bessemer Group Inc. raised its position in shares of Confluent by 78.5% in the 4th quarter.
Bessemer Group Inc. now owns 55,860 shares of the company’s stock worth $1,562,000 after acquiring an additional 24,570 shares in the last quarter. Cerity Partners LLC raised its position in shares of Confluent by 20.
0% in the 4th quarter. Cerity Partners LLC now owns 42,147 shares of the company’s stock worth $1,151,000 after acquiring an additional 7,018 shares in the last quarter. MIG Capital LLC bought a new position in shares of Confluent in the 4th quarter worth about $27,007,000.
Finally, Envestnet Asset Management Inc. raised its position in shares of Confluent by 8.3% in the 4th quarter.
Envestnet Asset Management Inc. now owns 119,321 shares of the company’s stock worth $3,336,000 after acquiring an additional 9,140 shares in the last quarter. 78.
09% of the stock is owned by institutional investors. Analyst Ratings Changes Several research firms have recently weighed in on CFLT. Bank of America lifted their price objective on Confluent from $26.
00 to $31.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 12th. Loop Capital decreased their target price on Confluent from $30.
00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.
00 target price on shares of Confluent in a research report on Friday, March 7th. William Blair reaffirmed an “outperform” rating on shares of Confluent in a research report on Monday, March 17th. Finally, UBS Group raised Confluent from a “neutral” rating to a “buy” rating and boosted their target price for the company from $34.
00 to $38.00 in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock.
According to MarketBeat, Confluent currently has an average rating of “Moderate Buy” and a consensus price target of $33.39. Confluent Trading Down 0.
2 % Shares of CFLT stock opened at $24.09 on Tuesday. Confluent, Inc.
has a 1 year low of $17.79 and a 1 year high of $37.90.
The company’s fifty day simple moving average is $25.21 and its two-hundred day simple moving average is $27.47.
The company has a debt-to-equity ratio of 1.14, a current ratio of 3.99 and a quick ratio of 4.
24. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of -22.
31 and a beta of 1.03. Confluent ( NASDAQ:CFLT – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 11th.
The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.
28). Confluent had a negative return on equity of 34.70% and a negative net margin of 35.
81%. As a group, analysts anticipate that Confluent, Inc. will post -0.
83 earnings per share for the current year. Insiders Place Their Bets In other Confluent news, CAO Kong Phan sold 3,175 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $26.
86, for a total value of $85,280.50. Following the completion of the transaction, the chief accounting officer now owns 246,516 shares in the company, valued at $6,621,419.
76. This trade represents a 1.27 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . Also, CEO Edward Jay Kreps sold 232,500 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $29.
36, for a total value of $6,826,200.00. Following the completion of the transaction, the chief executive officer now owns 452,488 shares of the company’s stock, valued at approximately $13,285,047.
68. This represents a 33.94 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold a total of 1,200,746 shares of company stock worth $38,505,150 in the last quarter. 13.
82% of the stock is owned by company insiders. Confluent Company Profile ( Free Report ) 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.
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