CW Advisors LLC Buys Shares of 54,131 Cloudflare, Inc. $NET

CW Advisors LLC purchased a new position in Cloudflare, Inc. (NYSE:NET) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,131 shares of the company’s stock, valued at approximately $10,601,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in Cloudflare in the 2nd quarter valued at $29,000. Quaker Wealth Management LLC lifted its position in shares of Cloudflare by 218.6% during the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock worth $33,000 after purchasing an additional 306 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of Cloudflare during the second quarter valued at $36,000. Ameritas Advisory Services LLC bought a new position in shares of Cloudflare in the second quarter worth about $39,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Cloudflare in the second quarter worth about $45,000. 82.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NET. UBS Group lifted their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Wells Fargo & Company raised their target price on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Barclays initiated coverage on shares of Cloudflare in a research note on Tuesday. They set an “overweight” rating and a $235.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Finally, DZ Bank raised shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective on the stock in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.33.

Cloudflare Trading Down 0.1%

Shares of NYSE:NET opened at $204.14 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The business has a 50 day moving average of $215.32 and a two-hundred day moving average of $201.22. The company has a market capitalization of $71.51 billion, a PE ratio of -680.47 and a beta of 1.94.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. During the same quarter last year, the company earned $0.20 EPS. The business’s revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. As a group, analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the sale, the chief financial officer directly owned 137,486 shares in the company, valued at $26,697,031.48. This trade represents a 23.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $226.46, for a total value of $11,862,880.64. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 638,528 shares of company stock valued at $133,985,858. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Profile

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.