Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
Michelangelo Volpi, a director at Confluent , Inc. (NASDAQ:CFLT), recently sold a total of 25,000 shares of Class A Common Stock, according to a recent SEC filing. The transactions, executed on February 13, 2025, were part of a pre-arranged trading plan under Rule 10b5-1. The sale comes as Confluent, now valued at $11.38 billion, has seen its stock surge nearly 58% over the past six months. InvestingPro analysis indicates the stock is currently trading at Fair Value.
The shares were sold at a weighted average price range from $36.12 to $36.58, bringing the total value of the sales to approximately $905,378. Following these transactions, Volpi holds 292,079 shares directly, with an additional 198,473 shares held indirectly by the Volpi-Cupal Family Trust. While the company isn’t currently profitable, analysts tracked by InvestingPro expect profitability in 2025, with 16 analysts recently revising earnings estimates upward. For deeper insights into Confluent’s financial health and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Confluent Inc has been the focus of multiple analysts’ attention, following its solid fourth-quarter performance. Both TD Cowen and RBC Capital have raised their price targets on Confluent’s shares to $41, maintaining a Buy and Outperform rating respectively. Both firms highlighted the company’s subscription revenue growth and successful strategic initiatives as key factors in their decision.
DA Davidson analysts also increased their price target on Confluent’s shares to $42, maintaining a Buy rating. They pointed out the company’s robust performance, particularly in Cloud Revenue, which surpassed consensus estimates. Bernstein analysts, on the other hand, raised their price target for Confluent’s shares to $35, also maintaining an Outperform rating, following the company’s impressive Q4 results.
Stifel analysts have also adjusted their outlook on Confluent, increasing the price target to $40 while retaining a Buy rating. They believe that Confluent is well-positioned to maintain a revenue growth rate of over 20% and see an uptick in profitability in the coming years. These recent developments reflect a generally positive outlook for Confluent’s future performance from various analyst firms.
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