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 company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $31.00, for a total value of $710,086.00. Following the completion of the transaction, the chief marketing officer now directly owns 144,373 shares of the company’s stock, valued at $4,475,563. This trade represents a 13.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $148,800.33.
• On Friday, November 1st, Stephanie Buscemi sold 164,123 shares of Confluent stock. The shares were sold at an average price of $26.24, for a total value of $4,306,587.52.

Confluent Trading Down 2.3 %

NASDAQ:CFLT opened at $30.57 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 4.24 and a current ratio of 4.24. The stock has a market capitalization of $10.03 billion, a price-to-earnings 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. The stock has a fifty day moving average price of $23.79 and a two-hundred day moving average price of $24.59.

Confluent (NASDAQ:CFLT) last posted its earnings results 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 analyst estimates 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, sell-side analysts anticipate that Confluent, Inc. will post -0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CFLT. Sanford C. Bernstein decreased their price objective on Confluent from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 25th. TD Cowen increased their price objective on Confluent from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Scotiabank increased their price objective on Confluent from $25.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday, October 31st. Evercore ISI decreased their price objective on Confluent from $33.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Finally, Royal Bank of Canada increased their price objective on Confluent from $26.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. 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, Confluent presently has an average rating of “Moderate Buy” and a consensus target price of $30.88.

Institutional Trading of Confluent

Several large investors have recently bought and sold shares of CFLT. V Square Quantitative Management LLC acquired a new stake in Confluent in the second quarter valued at $68,000. Point72 Hong Kong Ltd acquired a new stake in Confluent in the third quarter valued at $68,000. UniSuper Management Pty Ltd grew its holdings in Confluent by 125.0% in the first quarter. UniSuper Management Pty Ltd now owns 2,700 shares of the company’s stock valued at $82,000 after purchasing an additional 1,500 shares during the last quarter. Advisors Asset Management Inc. grew 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 purchasing an additional 859 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of 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 acquiring an additional 1,167 shares during the last quarter. Institutional investors and hedge funds 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.