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Sivaram Rohan, the Chief Financial Officer of Confluent , Inc. (NASDAQ:CFLT), recently sold shares of the company worth a total of $342,552. The transactions occurred on March 3, 2025, as reported in a recent SEC filing. The sale comes as Confluent, with a market capitalization of $10.76 billion, maintains strong financial health with more cash than debt on its balance sheet, according to InvestingPro data.
Rohan sold a total of 11,000 shares of Confluent’s Class A Common Stock. The shares were sold at prices ranging from $29.74 to $32.03 per share. Following these transactions, Rohan retains ownership of 701,403 shares in the company. The stock has shown impressive momentum, gaining over 64% in the past six months, while revenue grew by 24% in the last twelve months.
These sales were executed under a 10b5-1 trading plan, which was established on September 12, 2024, allowing for pre-determined trading of securities. For deeper insights into Confluent’s valuation and growth prospects, including 8 additional key ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, Confluent Inc has seen a series of positive developments regarding its stock ratings and financial performance. UBS analyst Austin Dietz upgraded Confluent’s stock from Neutral to Buy, raising the price target to $38 from $34, citing optimistic projections for subscription revenue growth and a stable competitive position. Citi analyst Tyler Radke also increased the price target to $37, highlighting strong cloud revenue performance and improved profitability. TD Cowen analysts raised their price target to $41, maintaining a Buy rating, and noted Confluent’s solid fourth-quarter results and effective cross-selling strategies.
RBC Capital Markets lifted Confluent’s price target to $41, emphasizing the company’s impressive financial performance and strategic partnerships, particularly with Databricks. DA Davidson analysts further increased the price target to $42, following robust cloud revenue growth that surpassed consensus estimates. Confluent’s cloud revenue was reported at $137.9 million, marking a 38% year-over-year increase. The company has provided guidance for 2025 subscription revenue growth of 21-22%, aligning with expectations and signaling continued market confidence. These recent developments reflect a positive outlook for Confluent’s growth trajectory and market positioning.
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