Ameritas Advisory Services LLC Takes Position in Cloudflare, Inc. $NET

Ameritas Advisory Services LLC bought a new stake in Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 200 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC boosted its position in shares of Cloudflare by 11.9% in the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after acquiring an additional 53 shares during the period. Smartleaf Asset Management LLC raised its stake in Cloudflare by 6.2% in the first quarter. Smartleaf Asset Management LLC now owns 1,320 shares of the company’s stock valued at $152,000 after purchasing an additional 77 shares in the last quarter. Gill Capital Partners LLC raised its stake in Cloudflare by 2.9% in the first quarter. Gill Capital Partners LLC now owns 2,761 shares of the company’s stock valued at $311,000 after purchasing an additional 79 shares in the last quarter. Spire Wealth Management raised its stake in Cloudflare by 11.0% in the first quarter. Spire Wealth Management now owns 962 shares of the company’s stock valued at $108,000 after purchasing an additional 95 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in Cloudflare by 2.5% in the first quarter. Yousif Capital Management LLC now owns 3,969 shares of the company’s stock valued at $447,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $215.38, for a total transaction of $5,522,558.58. Following the sale, the insider owned 14,575 shares in the company, valued at approximately $3,139,163.50. The trade was a 63.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carl Ledbetter sold 15,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $223.91, for a total transaction of $3,358,650.00. Following the sale, the director owned 1,013,073 shares in the company, valued at approximately $226,837,175.43. This trade represents a 1.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 647,893 shares of company stock valued at $132,718,279 over the last quarter. 10.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. JMP Securities lifted their price target on shares of Cloudflare from $180.00 to $225.00 and gave the stock a “market outperform” rating in a research note on Monday, July 28th. Stifel Nicolaus lifted their price target on shares of Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Needham & Company LLC lifted their price target on shares of Cloudflare from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, DZ Bank reissued a “sell” rating and set a $170.00 price target on shares of Cloudflare in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.54.

Cloudflare Stock Performance

NYSE:NET opened at $217.74 on Wednesday. The stock has a market cap of $75.88 billion, a P/E ratio of -640.41 and a beta of 1.99. The firm’s fifty day simple moving average is $212.47 and its 200 day simple moving average is $176.61. Cloudflare, Inc. has a twelve month low of $85.60 and a twelve month high of $230.10. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $512.32 million for the quarter, compared to analysts’ expectations of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. As a group, research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

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.