EverSource Wealth Advisors LLC Purchases 7,933 Shares of Cloudflare, Inc. $NET

EverSource Wealth Advisors LLC lifted its holdings in Cloudflare, Inc. (NYSE:NET) by 1,253.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,566 shares of the company’s stock after acquiring an additional 7,933 shares during the period. EverSource Wealth Advisors LLC’s holdings in Cloudflare were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NET. Vanguard Group Inc. grew its stake in Cloudflare by 2.1% during the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after purchasing an additional 658,656 shares during the period. Geode Capital Management LLC lifted its stake in Cloudflare by 5.1% in the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock valued at $1,081,533,000 after buying an additional 270,227 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after buying an additional 786,063 shares in the last quarter. 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 worth $342,287,000 after buying an additional 779,819 shares during the period. Finally, Norges Bank bought a new stake in shares of Cloudflare in the 2nd quarter valued at $541,462,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of Cloudflare stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the transaction, the chief financial officer directly owned 137,486 shares of the company’s stock, valued at $26,697,031.48. The trade was a 23.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michelle Zatlyn sold 35,099 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the completion of the sale, the insider owned 24,555 shares of the company’s stock, valued at approximately $4,892,829.30. This represents a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 638,528 shares of company stock worth $133,985,858. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Price Performance

NET stock opened at $204.14 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The business has a 50-day simple moving average of $215.32 and a two-hundred day simple moving average of $201.22. The company has a market capitalization of $71.51 billion, a P/E ratio of -680.47 and a beta of 1.94. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating 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 return on equity of 6.54% and a negative net margin of 5.12%.The company’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter last year, the company 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. Research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Barclays began coverage on shares of Cloudflare in a research report on Tuesday. They set an “overweight” rating and a $235.00 price objective on the stock. Oppenheimer started coverage on Cloudflare in a research report on Monday, November 10th. They issued an “outperform” rating and a $260.00 target price for the company. JMP Securities set a $270.00 price target on Cloudflare in a report on Friday, October 31st. Finally, Piper Sandler raised their price objective on Cloudflare from $224.00 to $249.00 and gave the company a “neutral” 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 issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $235.33.

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.