Stephanie Buscemi Sells 22,906 Shares of Confluent, Inc. (NASDAQ:CFLT) Stock

Confluent, Inc. (NASDAQ:CFLT) CMO Stephanie Buscemi sold 22,906 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $31.00, for a total value of $710,086.00. Following the transaction, the chief marketing officer now directly owns 144,373 shares of the company’s stock, valued at $4,475,563. The trade was a 13.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, November 25th, Stephanie Buscemi sold 26,047 shares of Confluent stock. The shares were sold at an average price of $32.89, for a total value of $856,685.83.
• On Wednesday, November 20th, Stephanie Buscemi sold 5,271 shares of Confluent stock. The shares were sold at an average price of $28.23, for a total transaction of $148,800.33.
• On Friday, November 1st, Stephanie Buscemi sold 164,123 shares of Confluent stock. The stock was sold at an average price of $26.24, for a total transaction of $4,306,587.52.

Confluent Stock Performance

NASDAQ:CFLT opened at $30.57 on Friday. The firm has a 50-day moving average of $24.00 and a two-hundred day moving average of $24.63. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.24 and a quick ratio of 4.24. The stock has a market cap of $10.03 billion, a P/E ratio of -27.54 and a beta of 0.82. Confluent, Inc. has a 1-year low of $17.79 and a 1-year 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. Confluent had a negative return on equity of 34.05% and a negative net margin of 38.35%. The firm had revenue of $250.20 million during the quarter, compared to the consensus estimate of $243.98 million. On average, research analysts expect that Confluent, Inc. will post -0.9 earnings per share for the current fiscal year.

Institutional Trading of Confluent

Institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of Confluent in the 2nd quarter worth about $68,000. Point72 Hong Kong Ltd acquired a new position in Confluent in the third quarter worth about $68,000. UniSuper Management Pty Ltd grew its stake in Confluent by 125.0% in the first quarter. UniSuper Management Pty Ltd now owns 2,700 shares of the company’s stock worth $82,000 after purchasing an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Confluent by 40.3% in the first quarter. Advisors Asset Management Inc. now owns 2,991 shares of the company’s stock valued at $91,000 after buying an additional 859 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in Confluent by 25.5% during the first quarter. Lazard Asset Management LLC now owns 5,747 shares of the company’s stock valued at $175,000 after buying an additional 1,167 shares in the last quarter. 78.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CFLT shares. Scotiabank upped their price objective on shares of Confluent from $25.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, October 31st. Baird R W upgraded Confluent to a “hold” rating in a report on Wednesday, September 4th. Stifel Nicolaus dropped their target price on Confluent from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Confluent in a research note on Tuesday, October 29th. Finally, Truist Financial reaffirmed a “buy” rating and set a $30.00 price objective (down previously from $36.00) on shares of Confluent in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.88.

About Confluent

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.