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Erica Schultz, President of Field Operations at Confluent , Inc. (NASDAQ:CFLT), recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Schultz sold a total of 63,729 shares of Class A Common Stock on March 4, 2025. The shares were sold at prices ranging from $28.95 to $29.85, amounting to approximately $1.88 million in total. The transaction comes as Confluent’s stock has seen a 46% surge over the past six months, despite a recent 10% pullback last week. According to InvestingPro data, the company maintains strong growth with 24% year-over-year revenue expansion.
Following these transactions, Schultz’s direct ownership of Confluent’s Class A Common Stock decreased to 502,424 shares. Additionally, Schultz maintains indirect ownership of shares through various trusts, including The Schultz Family Irrevocable Remainder Trust and The Bryan and Erica Schultz Family Revocable Trust, among others.
These sales were made pursuant to a pre-established 10b5-1 trading plan dated August 15, 2024.
In other recent news, Confluent Inc. has announced the upcoming retirement of Erica Schultz, the President of Field Operations, who plans to step down by February 28, 2025. This transition is underway as the company searches for a successor to ensure continuity in its operations. Meanwhile, Confluent’s financial performance has caught the attention of several analysts, leading to multiple upgrades and increased price targets. UBS upgraded Confluent’s stock from Neutral to Buy, raising the price target to $38, citing positive revenue growth potential and strategic initiatives in analytics. Similarly, Citi adjusted its price target to $37, highlighting Confluent’s solid fourth-quarter cloud revenue performance and strategic partnerships, despite maintaining a Neutral rating due to potential execution risks.
Further reinforcing confidence in Confluent’s growth, TD Cowen increased its price target to $41 and maintained a Buy rating, attributing the positive outlook to strong subscription revenue and successful product cross-selling. RBC Capital Markets also raised its price target to $41, maintaining an Outperform rating, and noted Confluent’s impressive financial results and strategic partnerships as key factors for future success. The company’s collaboration with Databricks has been a recurring theme among analysts, seen as a significant move to enhance its market positioning. These recent developments reflect a broadly optimistic view of Confluent’s strategic initiatives and potential for continued growth in the data streaming sector.
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