Confluent, Inc. (NASDAQ:CFLT) Shares Sold by Jump Financial LLC

Jump Financial LLC cut its position in shares of Confluent, Inc. (NASDAQ:CFLTFree Report) by 63.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,657 shares of the company’s stock after selling 70,754 shares during the quarter. Jump Financial LLC’s holdings in Confluent were worth $951,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of Confluent during the 4th quarter worth $31,000. GAMMA Investing LLC purchased a new stake in shares of Confluent in the fourth quarter valued at about $35,000. UniSuper Management Pty Ltd purchased a new stake in shares of Confluent in the third quarter valued at about $36,000. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Confluent by 56.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,748 shares of the company’s stock valued at $81,000 after purchasing an additional 992 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Confluent by 32.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,533 shares of the company’s stock worth $105,000 after purchasing an additional 864 shares during the last quarter. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CTO Chad Verbowski sold 5,963 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.15, for a total transaction of $191,710.45. Following the completion of the sale, the chief technology officer now directly owns 404,412 shares of the company’s stock, valued at approximately $13,001,845.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Confluent news, CTO Chad Verbowski sold 5,963 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.15, for a total value of $191,710.45. Following the transaction, the chief technology officer now owns 404,412 shares in the company, valued at approximately $13,001,845.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Erica Schultz sold 63,729 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $33.50, for a total transaction of $2,134,921.50. Following the completion of the transaction, the insider now owns 480,471 shares in the company, valued at approximately $16,095,778.50. The disclosure for this sale can be found here. In the last three months, insiders sold 873,277 shares of company stock valued at $28,572,424. Company insiders own 13.82% of the company’s stock.

Confluent Stock Up 2.2 %

Shares of Confluent stock opened at $32.23 on Friday. The company has a fifty day moving average price of $29.84 and a 200 day moving average price of $26.43. The company has a current ratio of 5.07, a quick ratio of 5.07 and a debt-to-equity ratio of 1.29. Confluent, Inc. has a twelve month low of $14.69 and a twelve month high of $41.22. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of -25.78 and a beta of 0.93.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. DA Davidson restated a “buy” rating and set a $37.00 price objective on shares of Confluent in a research report on Monday, April 1st. Stifel Nicolaus assumed coverage on Confluent in a research report on Wednesday, February 21st. They set a “buy” rating and a $40.00 price objective for the company. Mizuho cut their price objective on Confluent from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, April 15th. UBS Group lifted their price objective on Confluent from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Finally, Truist Financial restated a “buy” rating and set a $36.00 price objective (up from $33.00) on shares of Confluent in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.04.

Read Our Latest Stock Report on Confluent

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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Institutional Ownership by Quarter for Confluent (NASDAQ:CFLT)

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