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Director Neha Narkhede sold 153,200 shares of Confluent, Inc. (NASDAQ:CFLT) Class A Common Stock on September 9, 2025, at a price of $19.85, totaling approximately $3.04 million. The transaction occurred near the stock’s current trading level of $19.45, with InvestingPro data showing analyst targets ranging from $20 to $36.
On the same day, Narkhede also exercised options to acquire 153,200 shares of Class A Common Stock. The $6.69 billion market cap company has shown strong recent momentum, with InvestingPro analysis indicating the stock is slightly undervalued based on its Fair Value model. Subscribers can access 7 additional ProTips and a comprehensive Pro Research Report for deeper insights into CFLT’s financial health and growth prospects.
In other recent news, Confluent announced the appointment of Stephen Deasy as its new Chief Technology Officer. Deasy will lead the engineering team and focus on advancing the company’s data streaming platform, particularly enhancing AI capabilities and real-time intelligence. On the financial front, Confluent’s second-quarter results slightly exceeded expectations, prompting the company to raise its calendar year 2025 subscription revenue guidance due to strength in its Platform business. However, several analyst firms have adjusted their outlooks for Confluent. DA Davidson, Needham, and Guggenheim all lowered their price targets, citing concerns about cloud growth and customer optimizations. Despite these adjustments, DA Davidson, Needham, and Guggenheim maintained a Buy rating. In contrast, Stifel downgraded Confluent from Buy to Hold, reducing its price target to $21 due to challenges in the cloud sector. These developments highlight ongoing pressures in Confluent’s cloud business amidst broader market dynamics.
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