Vontobel Holding Ltd. Has $475,000 Stock Holdings in Confluent, Inc. (NASDAQ:CFLT)

Vontobel Holding Ltd. lowered its stake in shares of Confluent, Inc. (NASDAQ:CFLT) by 20.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,283 shares of the company’s stock after selling 5,929 shares during the period. Vontobel Holding Ltd.’s holdings in Confluent were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFLT. Vanguard Group Inc. increased its position in Confluent by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 19,741,320 shares of the company’s stock valued at $602,505,000 after buying an additional 669,675 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Confluent by 17.3% in 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 acquiring an additional 2,587,169 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of Confluent by 28.4% during the second quarter. 1832 Asset Management L.P. now owns 7,617,100 shares of the company’s stock valued at $224,933,000 after acquiring an additional 1,684,100 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Confluent during the second quarter worth approximately $193,403,000. Finally, Champlain Investment Partners LLC bought a new position in shares of Confluent in the 1st quarter worth $144,563,000. Institutional investors own 78.09% of the company’s stock.

Insider Activity at Confluent

In other Confluent news, insider Erica Schultz sold 9,556 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $21.68, for a total transaction of $207,174.08. Following the sale, the insider now owns 687,483 shares in the company, valued at $14,904,631.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Erica Schultz sold 9,556 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $21.68, for a total transaction of $207,174.08. Following the sale, the insider now directly owns 687,483 shares in the company, valued at approximately $14,904,631.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lara Caimi sold 9,375 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $20.01, for a total value of $187,593.75. Following the completion of the transaction, the director now owns 7,160 shares of the company’s stock, valued at approximately $143,271.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 524,453 shares of company stock worth $10,833,388. Corporate insiders own 13.82% of the company’s stock.

Confluent Trading Down 1.2 %

Shares of CFLT opened at $22.17 on Tuesday. Confluent, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $35.07. The business has a 50-day moving average of $20.76 and a 200 day moving average of $25.00. The firm has a market cap of $7.05 billion, a P/E ratio of -17.74 and a beta of 0.88. The company has a debt-to-equity ratio of 1.25, a quick ratio of 4.44 and a current ratio of 4.44.

Confluent (NASDAQ:CFLT) last posted its earnings results on Wednesday, July 31st. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.04). Confluent had a negative return on equity of 37.78% and a negative net margin of 42.70%. The business had revenue of $234.99 million during the quarter, compared to analysts’ expectations of $229.49 million. As a group, research analysts forecast that Confluent, Inc. will post -0.95 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Confluent in a research note on Tuesday, September 24th. Evercore ISI lowered their target price on shares of Confluent from $33.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Bank of America dropped 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. JPMorgan Chase & Co. raised Confluent from a “neutral” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Friday, August 9th. Finally, Wolfe Research upgraded Confluent to a “strong-buy” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.79.

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.