AlphaCore Capital LLC Makes New $134,000 Investment in Cloudflare, Inc. $NET

AlphaCore Capital LLC purchased a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 686 shares of the company’s stock, valued at approximately $134,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Daymark Wealth Partners LLC increased its position in shares of Cloudflare by 1.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock valued at $892,000 after acquiring an additional 51 shares during the period. Huntington National Bank grew its stake in Cloudflare by 22.8% during the 2nd quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after purchasing an additional 52 shares during the last quarter. ORG Partners LLC grew its stake in Cloudflare by 11.9% during the 2nd quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after purchasing an additional 53 shares during the last quarter. Fiduciary Planning LLC raised its stake in shares of Cloudflare by 3.0% in the second quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after purchasing an additional 54 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Cloudflare by 1.9% in the second quarter. Yousif Capital Management LLC now owns 4,044 shares of the company’s stock worth $792,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Up 1.7%

NET opened at $197.37 on Wednesday. The company has a fifty day moving average of $218.31 and a two-hundred day moving average of $199.51. The stock has a market capitalization of $69.14 billion, a price-to-earnings ratio of -657.90 and a beta of 2.10. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two week high of $260.00. 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 posted its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $544.87 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue for the quarter 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. On average, research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NET shares. Mizuho upped their target price on Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Citizens Jmp upped their price objective 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. Argus raised their target price on shares of Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Wall Street Zen upgraded shares of Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, DZ Bank raised shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target on the stock in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.35.

Insiders Place Their Bets

In other news, CFO Thomas J. Seifert sold 41,555 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the completion of the transaction, the chief financial officer directly owned 137,486 shares of the company’s stock, valued at $26,697,031.48. This represents a 23.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michelle Zatlyn sold 35,099 shares of Cloudflare stock in a transaction on 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 directly owned 24,555 shares in the company, valued at $4,892,829.30. This represents a 58.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 645,609 shares of company stock worth $135,476,411. 10.89% of the stock is owned by corporate insiders.

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.