Apollo economist warns: AI bubble now bigger than 1990s tech mania
Confluent , Inc. (NASDAQ: CFLT) Chief Accounting Officer Phan Kong sold 3,575 shares of Class A Common Stock on June 20, 2025. The shares were sold at prices ranging from $23.19 to $23.49, resulting in a total transaction value of $83,970. The transaction occurs as Confluent, with a market capitalization of $8.16 billion, trades near its 52-week low of $17.79. According to InvestingPro data, the company maintains a strong balance sheet with a healthy current ratio of 4.42, and analysts have set price targets ranging from $22 to $36.
The sales were executed to cover the tax obligation realized upon the vesting of restricted stock units. While not currently profitable, InvestingPro analysis shows 17 analysts have revised earnings upwards, expecting profitability in 2025. Following the transactions, Kong directly owns 243,296 shares of Confluent, Inc.
In other recent news, Confluent Inc (NASDAQ:CFLT). has been at the center of multiple developments. The company held its 2025 Annual Meeting of Stockholders, where shareholders elected Class I directors and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2025. Meanwhile, Confluent’s recent earnings report has prompted several analysts to adjust their outlooks. Citi analyst Tyler Radke lowered the price target to $25, citing disappointing cloud revenue and reduced guidance for the year, though maintaining a Neutral rating. Canaccord Genuity also reduced its price target to $32 but kept a Buy rating, expressing confidence in Confluent’s position in the data streaming sector. Needham adjusted its target to $26, maintaining a Buy rating, while noting customer optimization trends affecting revenue projections. Bernstein analysts lowered their price target to $32 but retained an Outperform rating, acknowledging strong subscription revenue despite a cautious market outlook. These adjustments reflect varied perspectives on Confluent’s performance and future potential amidst evolving market conditions.
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