Barings LLC Sells 4,700 Shares of Cloudflare, Inc. $NET

Barings LLC cut its position in Cloudflare, Inc. (NYSE:NET) by 58.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,325 shares of the company’s stock after selling 4,700 shares during the quarter. Barings LLC’s holdings in Cloudflare were worth $651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NET. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Cloudflare by 33.5% in 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 valued at $352,610,000 after acquiring an additional 786,063 shares during the period. Nuveen LLC acquired a new stake in Cloudflare in the 1st quarter valued at about $88,203,000. American Century Companies Inc. grew its holdings in Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares during the period. KBC Group NV increased its position in Cloudflare by 1,388.7% during the second quarter. KBC Group NV now owns 736,153 shares of the company’s stock worth $144,161,000 after buying an additional 686,702 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Cloudflare by 2.1% in the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after buying an additional 658,656 shares during the period. 82.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other news, Director Katrin Suder sold 2,031 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $196.38, for a total transaction of $398,847.78. Following the completion of the sale, the director directly owned 39,754 shares in the company, valued at approximately $7,806,890.52. This represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 599,869 shares of company stock valued at $126,762,385 over the last ninety days. 10.89% of the stock is owned by corporate insiders.

Cloudflare Trading Down 2.5%

NET stock opened at $186.56 on Friday. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. The company has a market capitalization of $65.35 billion, a PE ratio of -621.87 and a beta of 2.10. The company’s 50-day simple moving average is $219.41 and its 200 day simple moving average is $198.03. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.87 million. During the same quarter in the previous year, the company earned $0.20 EPS. The business’s revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Cloudflare in a research note on Friday, October 31st. They set a “hold” rating and a $250.00 target price for the company. Needham & Company LLC lifted their price objective on shares of Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. 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. Citigroup increased their price objective on shares of Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Scotiabank upped their price target on shares of Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $235.35.

Cloudflare Company 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.