Cloudflare, Inc. $NET Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lowered its position in shares of Cloudflare, Inc. (NYSE:NET) by 25.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,840 shares of the company’s stock after selling 3,045 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Cloudflare were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quaker Wealth Management LLC boosted its stake in shares of Cloudflare by 218.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after buying an additional 306 shares during the period. Hilltop National Bank acquired a new stake in Cloudflare in the second quarter valued at approximately $36,000. Ameritas Advisory Services LLC purchased a new position in Cloudflare in the second quarter worth approximately $39,000. Cullen Frost Bankers Inc. acquired a new position in Cloudflare during the 2nd quarter worth approximately $45,000. Finally, Whipplewood Advisors LLC grew its holdings in Cloudflare by 277.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock worth $50,000 after acquiring an additional 186 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NET has been the subject of a number of analyst reports. Robert W. Baird set a $220.00 target price on shares of Cloudflare in a research note on Friday, October 31st. KeyCorp lifted their price target on Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Citizens Jmp upped their price objective on Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, October 31st. UBS Group increased their price objective on Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Jefferies Financial Group started coverage on Cloudflare in a research report on Friday, October 31st. They set a “hold” rating and a $250.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.35.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the firm’s 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 transaction, the chief financial officer directly owned 137,486 shares of the company’s stock, valued at $26,697,031.48. This trade represents a 23.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 599,869 shares of company stock worth $126,762,385. 10.89% of the stock is owned by insiders.

Cloudflare Stock Down 2.5%

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

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.87 million. During the same period in the prior year, the company earned $0.20 EPS. The firm’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. Equities research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

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.