4,353 Shares in Cloudflare, Inc. $NET Bought by Davis Capital Management

Davis Capital Management purchased a new stake in Cloudflare, Inc. (NYSE:NET) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,353 shares of the company’s stock, valued at approximately $934,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in Cloudflare in the third quarter valued at about $206,000. GAM Holding AG acquired a new stake in Cloudflare during the third quarter valued at approximately $280,000. Brookwood Investment Group LLC bought a new stake in shares of Cloudflare in the 3rd quarter valued at approximately $405,000. Silver Oak Securities Incorporated acquired a new position in shares of Cloudflare in the 3rd quarter worth approximately $222,000. Finally, Generali Asset Management SPA SGR lifted its position in shares of Cloudflare by 3.6% during the 3rd quarter. Generali Asset Management SPA SGR now owns 11,519 shares of the company’s stock worth $2,472,000 after buying an additional 402 shares during the period. 82.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 35,099 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the transaction, the insider owned 24,555 shares of the company’s stock, valued at $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 SEC, which is available through this link. Also, CFO Thomas J. Seifert sold 41,555 shares of Cloudflare stock in a transaction dated 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 completion of the sale, the chief financial officer owned 137,486 shares of the company’s stock, valued at approximately $26,697,031.48. The trade was a 23.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 627,945 shares of company stock worth $128,468,645. Insiders own 10.89% of the company’s stock.

Cloudflare Stock Down 0.6%

Shares of NYSE:NET opened at $195.95 on Friday. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The firm has a market cap of $68.64 billion, a P/E ratio of -653.17, a P/E/G ratio of 128.93 and a beta of 1.96. 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 company’s 50-day moving average price is $208.59 and its two-hundred day moving average price is $206.17.

Cloudflare (NYSE:NET) last announced its 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 company had revenue of $562.03 million for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $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, research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NET. Cantor Fitzgerald upped their price target on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Robert W. Baird set a $230.00 target price on shares of Cloudflare in a research note on Wednesday, December 17th. Stifel Nicolaus upped their target price on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Citizens Jmp lifted their price target on shares of Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. Finally, Jefferies Financial Group restated a “hold” rating and issued a $225.00 price target on shares of Cloudflare in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $234.78.

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.