Friedenthal Financial Invests $921,000 in Cloudflare, Inc. $NET

Friedenthal Financial purchased a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,294 shares of the company’s stock, valued at approximately $921,000.

Other large investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in Cloudflare in the second quarter valued at about $29,000. Quaker Wealth Management LLC increased its stake in shares of Cloudflare by 218.6% during the 2nd 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 bought a new stake in shares of Cloudflare in the 2nd quarter worth approximately $36,000. Ameritas Advisory Services LLC purchased a new position in Cloudflare in the second quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Cloudflare in the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the subject of a number of recent research reports. Susquehanna raised their target price on Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Wall Street Zen upgraded Cloudflare from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Guggenheim restated a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. KeyCorp upped their price objective on shares of Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Citizens Jmp lifted their target price on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, October 31st. One research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.78.

Cloudflare Stock Up 0.0%

NET stock opened at $202.07 on Wednesday. The stock has a 50-day simple moving average of $210.84 and a two-hundred day simple moving average of $205.10. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00. The firm has a market capitalization of $70.78 billion, a PE ratio of -673.58 and a beta of 1.94. 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 (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, equities analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In related news, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total value of $8,069,149.90. Following the sale, the chief financial officer owned 137,486 shares in the company, valued at approximately $26,697,031.48. This trade represents a 23.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michelle Zatlyn sold 35,099 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $199.26, for a total value of $6,993,826.74. Following the transaction, the insider owned 24,555 shares of the company’s stock, valued at approximately $4,892,829.30. The trade was a 58.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 653,720 shares of company stock valued at $134,052,317 in the last three months. Company insiders own 10.89% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.