1832 Asset Management L.P. Sells 131,500 Shares of Cloudflare, Inc. $NET

1832 Asset Management L.P. reduced its stake in Cloudflare, Inc. (NYSE:NET) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,949,900 shares of the company’s stock after selling 131,500 shares during the quarter. 1832 Asset Management L.P. owned about 0.56% of Cloudflare worth $381,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NET. Vanguard Group Inc. raised its position in shares of Cloudflare by 2.1% during the 2nd 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 in the last quarter. Geode Capital Management LLC grew its position in Cloudflare by 5.1% in the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after acquiring an additional 270,227 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Cloudflare by 33.5% in the first 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 last quarter. American Century Companies Inc. raised its position in Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after purchasing an additional 779,819 shares in the last quarter. Finally, Norges Bank bought a new stake in Cloudflare during the second quarter worth about $541,462,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $189.07, for a total transaction of $4,847,943.87. Following the completion of the sale, the insider owned 24,555 shares of the company’s stock, valued at $4,642,613.85. The trade was a 51.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Katrin Suder sold 2,031 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $196.38, for a total value of $398,847.78. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 638,528 shares of company stock worth $133,985,858. 10.89% of the stock is owned by corporate insiders.

Cloudflare Stock Up 2.1%

NET stock opened at $201.33 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $70.52 billion, a P/E ratio of -671.10 and a beta of 1.94. The business has a fifty day moving average price of $215.87 and a 200-day moving average price of $201.18. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $544.65 million. During the same period in the previous year, the business posted $0.20 earnings per share. The business’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 and its FY 2025 guidance at 0.910-0.910 EPS. Equities analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Cantor Fitzgerald boosted their price target on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. JMP Securities set a $270.00 price objective on Cloudflare in a research note on Friday, October 31st. Argus increased 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. Finally, Royal Bank Of Canada lifted their price target on shares of Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.