Confluent, Inc. (NASDAQ:CFLT) CAO Ying Christina Liu Sells 7,261 Shares of Stock

Confluent, Inc. (NASDAQ:CFLT) CAO Ying Christina Liu sold 7,261 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $31.96, for a total value of $232,061.56. Following the completion of the sale, the chief accounting officer now owns 161,077 shares in the company, valued at approximately $5,148,020.92. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ying Christina Liu also recently made the following trade(s):

• On Thursday, May 9th, Ying Christina Liu sold 68,000 shares of Confluent stock. The stock was sold at an average price of $31.06, for a total value of $2,112,080.00.
• On Wednesday, March 20th, Ying Christina Liu sold 407 shares of Confluent stock. The stock was sold at an average price of $31.20, for a total value of $12,698.40.

Confluent Stock Up 1.3 %

Shares of CFLT opened at $31.96 on Thursday. Confluent, Inc. has a 52-week low of $14.69 and a 52-week high of $41.22. The company has a market capitalization of $10.16 billion, a PE ratio of -25.57 and a beta of 0.93. The stock has a fifty day simple moving average of $29.84 and a two-hundred day simple moving average of $26.67. The company has a quick ratio of 5.07, a current ratio of 5.07 and a debt-to-equity ratio of 1.29.

Analyst Ratings Changes

Several equities research analysts have commented on CFLT shares. Scotiabank upped their price objective on Confluent from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Canaccord Genuity Group upgraded Confluent from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Wednesday, May 8th. Canaccord Genuity Group upgraded Confluent from a “hold” rating to a “buy” rating and increased their target price for the company from $28.00 to $35.00 in a research report on Wednesday, May 8th. TD Cowen increased their target price on Confluent from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Truist Financial reiterated a “buy” rating and set a $36.00 target price (up previously from $33.00) on shares of Confluent in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.04.

Institutional Trading of Confluent

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Confluent by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 19,741,320 shares of the company’s stock worth $602,505,000 after acquiring an additional 669,675 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Confluent by 17.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,581,914 shares of the company’s stock worth $536,601,000 after acquiring an additional 2,587,169 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Confluent in the 1st quarter worth $181,075,000. Coatue Management LLC acquired a new stake in shares of Confluent in the 4th quarter worth $134,132,000. Finally, First Trust Advisors LP increased its stake in shares of Confluent by 15.3% in the 4th quarter. First Trust Advisors LP now owns 5,551,696 shares of the company’s stock worth $129,910,000 after acquiring an additional 738,147 shares during the last quarter. 78.09% of the stock is owned by institutional investors and hedge funds.

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.