Flow Traders U.S. LLC Acquires New Position in Cloudflare, Inc. $NET

Flow Traders U.S. LLC acquired a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,875 shares of the company’s stock, valued at approximately $1,151,000.

Several other hedge funds also recently made changes to their positions in NET. Westfield Capital Management Co. LP acquired a new stake in shares of Cloudflare during the second quarter worth $87,868,000. Wealthedge Investment Advisors LLC boosted its holdings in shares of Cloudflare by 64.5% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock valued at $1,367,000 after buying an additional 4,755 shares during the period. American Century Companies Inc. grew its position in shares of Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after buying an additional 779,819 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in Cloudflare by 10.5% during the second quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock worth $3,476,000 after acquiring an additional 1,691 shares during the period. Finally, Strategy Capital LLC lifted its holdings in Cloudflare by 4.5% in the second quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock worth $228,326,000 after acquiring an additional 50,374 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity

In other news, insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $189.07, for a total value of $4,847,943.87. Following the sale, the insider owned 24,555 shares of the company’s stock, valued at approximately $4,642,613.85. The trade was a 51.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $201.23, for a total value of $10,541,232.32. The SEC filing for this sale provides additional information. Insiders have sold 690,912 shares of company stock valued at $143,744,997 over the last 90 days. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

NET stock opened at $205.84 on Tuesday. The company has a 50-day simple moving average of $214.75 and a 200 day simple moving average of $202.49. The company has a market capitalization of $72.10 billion, a P/E ratio of -686.14 and a beta of 1.95. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two week high of $260.00.

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

Analysts Set New Price Targets

Several research firms have recently commented on NET. Wells Fargo & Company upped their target price on Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Stifel Nicolaus upped their price objective on Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Mizuho raised their target price on Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, October 8th. Finally, Robert W. Baird set a $220.00 price target on shares of Cloudflare in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $235.33.

About Cloudflare

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.