--- title: "NorthCrest Asset Manangement LLC Buys 43,965 Shares of Confluent, Inc. $CFLT" type: "News" locale: "en" url: "https://longbridge.com/en/news/280293112.md" description: "NorthCrest Asset Management LLC increased its stake in Confluent, Inc. (NASDAQ:CFLT) by 432.3% in Q4, acquiring 43,965 shares, bringing its total to 54,136 shares valued at $1.63 million. Other institutional investors also bought shares, with hedge funds owning 78.09% of the stock. Confluent's stock opened at $30.99, with a market cap of $11.08 billion. The company reported Q4 earnings of $0.12 EPS, exceeding estimates, and a revenue increase of 20.5% year-over-year. Insider trading activity included sales by CAO Kong Phan and CFO Rohan Sivaram." datetime: "2026-03-24T09:56:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280293112.md) - [en](https://longbridge.com/en/news/280293112.md) - [zh-HK](https://longbridge.com/zh-HK/news/280293112.md) --- # NorthCrest Asset Manangement LLC Buys 43,965 Shares of Confluent, Inc. $CFLT NorthCrest Asset Manangement LLC boosted its stake in Confluent, Inc. (NASDAQ:CFLT - Free Report) by 432.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,136 shares of the company's stock after purchasing an additional 43,965 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Confluent were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC). - IBM’s Steep Drop on AI Fears May Be an Overreaction A number of other hedge funds and other institutional investors have also bought and sold shares of CFLT. Quarry LP bought a new position in shares of Confluent in the 3rd quarter worth $26,000. Danske Bank A S bought a new stake in shares of Confluent during the 3rd quarter worth $34,000. True Wealth Design LLC purchased a new position in Confluent in the third quarter worth $36,000. Elevation Point Wealth Partners LLC purchased a new position in Confluent in the second quarter worth $49,000. Finally, Ramirez Asset Management Inc. bought a new position in Confluent in the third quarter valued at $40,000. Hedge funds and other institutional investors own 78.09% of the company's stock. ## Confluent Stock Performance Confluent stock opened at $30.99 on Tuesday. The firm has a fifty day simple moving average of $30.64 and a two-hundred day simple moving average of $26.43. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.94. Confluent, Inc. has a twelve month low of $15.64 and a twelve month high of $31.00. The company has a market capitalization of $11.08 billion, a PE ratio of -36.03 and a beta of 0.95. - Big Blue’s Big Bet: IBM Buys AI Nervous System for $11B Confluent (NASDAQ:CFLT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $314.82 million for the quarter, compared to analysts' expectations of $308.03 million. Confluent had a negative return on equity of 22.66% and a negative net margin of 25.31%.The company's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned $0.09 earnings per share. Research analysts expect that Confluent, Inc. will post -0.83 EPS for the current year. ## Insider Activity at Confluent In other Confluent news, CAO Kong Phan sold 2,277 shares of Confluent stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $30.70, for a total value of $69,903.90. Following the transaction, the chief accounting officer directly owned 218,228 shares of the company's stock, valued at $6,699,599.60. The trade was a 1.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rohan Sivaram sold 29,996 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $30.67, for a total value of $919,977.32. Following the completion of the sale, the chief financial officer owned 531,971 shares of the company's stock, valued at $16,315,550.57. The trade was a 5.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 525,929 shares of company stock worth $16,124,278 over the last three months. Corporate insiders own 9.20% of the company's stock. ## Analyst Ratings Changes - 3 AI Stocks in Correction Mode: Can They Rebound? CFLT has been the topic of a number of research reports. Mizuho downgraded Confluent from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 8th. Guggenheim cut Confluent from a "buy" rating to a "hold" rating in a report on Tuesday, December 9th. Wolfe Research lowered Confluent from an "outperform" rating to a "hold" rating in a research report on Monday, December 8th. Raymond James Financial cut Confluent from an "outperform" rating to a "market perform" rating in a report on Tuesday, December 9th. Finally, Evercore set a $31.00 target price on Confluent in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $28.71. **Read Our Latest Stock Analysis on Confluent** ## Confluent Company Profile (Free Report) Confluent, Inc NASDAQ: CFLT is a leading provider of an event streaming platform built on Apache Kafka. The company's flagship offerings include Confluent Platform—a self-managed software solution—and Confluent Cloud, a fully managed service designed to simplify real-time data processing across hybrid and multi-cloud environments. These products enable enterprises to collect, process and distribute high volumes of data in real time, supporting use cases such as fraud detection, supply chain optimization and personalized customer experiences. Founded in 2014 by Apache Kafka co-creators Jay Kreps, Neha Narkhede and Jun Rao, Confluent has driven the commercialization of Kafka technologies and extended the platform with tools for data integration, stream processing and enterprise-grade security. ## Read More - Five stocks we like better than Confluent _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Confluent Right Now? Before you consider Confluent, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Confluent wasn't on the list. While Confluent currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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