CLO Melanie Davis sells 28,024 shares at $21.83–$21.86 across 2 transactions, retaining 415,662 shares.
Melanie Davis, Chief Legal Officer of Confluent, executed 2 separate sales totaling 28,024 shares for $612,182.03 at an average price of $21.84. The stock is currently trading at $21.89 and has fallen 41.9% from its 52-week high of $37.65, with a 90-day decline of 29.4%. Confluent reported a quarterly revenue of $271,120,000 but posted a net loss of $67,574,000 and remains unprofitable on an annual basis despite 24.0% annual revenue growth. Davis retains 415,662 shares post-transaction, representing a 6.3% reduction from her pre-transaction holdings. The sales occurred near the current market level and offer no clear directional signal in isolation, though they occur in a context of significant stock underperformance and persistent company-wide losses.