Ethic Inc. Buys 3,842 Shares of Cloudflare, Inc. $NET

Ethic Inc. increased its stake in Cloudflare, Inc. (NYSE:NET) by 11.1% during the third quarter, Holdings Channel reports. The firm owned 38,373 shares of the company’s stock after acquiring an additional 3,842 shares during the period. Ethic Inc.’s holdings in Cloudflare were worth $8,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NET. Westfield Capital Management Co. LP bought a new position in Cloudflare in the 2nd quarter valued at approximately $87,868,000. Strategy Capital LLC increased its position in Cloudflare by 4.5% in the 2nd quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock valued at $228,326,000 after acquiring an additional 50,374 shares during the period. Motley Fool Asset Management LLC increased its position in Cloudflare by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock valued at $3,476,000 after acquiring an additional 1,691 shares during the period. Vanguard Group Inc. raised its stake in shares of Cloudflare by 2.1% during the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after acquiring an additional 658,656 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in shares of Cloudflare during the second quarter worth $337,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Down 0.9%

Shares of NYSE NET opened at $200.52 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a market cap of $70.24 billion, a PE ratio of -668.40 and a beta of 1.95. The company’s fifty day simple moving average is $209.96 and its 200 day simple moving average is $205.80. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $562.03 million during 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 business’s revenue was up 30.7% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cloudflare news, insider Michelle Zatlyn sold 35,099 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $4,892,829.30. This represents a 58.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $215.51, for a total value of $11,289,275.84. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 628,079 shares of company stock valued at $128,603,861. 10.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on NET. Stifel Nicolaus increased their price objective on Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 31st. Argus increased their price target on Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Mizuho raised their price objective on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Cantor Fitzgerald upped their target price on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, DZ Bank raised shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 target price for the company in a research report on Wednesday, November 5th. 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.78.

Cloudflare 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.