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Confluent , Inc. (NASDAQ:CFLT) Director Eric Vishria recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Vishria sold 30,953 shares of Class A common stock on May 19, 2025. The shares were sold at prices ranging from $21.61 to $22.14, with an average price of $21.93, totaling approximately $678,799. The sale comes amid a challenging period for Confluent’s stock, which has declined nearly 29% over the past six months, according to InvestingPro data. The company’s current market capitalization stands at $7.2 billion.
Following the transaction, Vishria retains ownership of 1,169,876 shares indirectly and 12,559 shares directly. The sale was conducted under a 10b5-1 trading plan, which was adopted on December 13, 2024. The shares are held by entities controlled by Vishria. While the company maintains strong liquidity with a current ratio of 4.42 and holds more cash than debt, InvestingPro analysis indicates the stock is currently undervalued. Investors can access detailed valuation metrics and 8 additional ProTips through InvestingPro’s comprehensive research report.
In other recent news, Confluent Inc reported its first-quarter earnings for 2025, with subscription revenue reaching $260.9 million, marking a 26% year-over-year increase and surpassing both company guidance and consensus estimates. Despite this strong performance, Confluent’s management has provided a more cautious outlook for the full year due to uncertainties in the market. Citi analyst Tyler Radke lowered Confluent’s price target to $25, citing disappointing cloud revenue and a reduced full-year guidance. Canaccord Genuity also adjusted its price target to $32, maintaining a Buy rating and expressing confidence in Confluent’s position in the data streaming sector. Needham analysts reduced their price target to $26 while highlighting customer optimization trends affecting revenue expectations. Bernstein adjusted their target to $32, noting the company’s conservative stance on future growth, but maintained an Outperform rating. Evercore ISI revised their target to $28, acknowledging the strong first-quarter results but noting the company’s conservative guidance for the second quarter and beyond. These recent developments reflect a cautious yet optimistic outlook from analysts on Confluent’s future performance.
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