Blueshift Asset Management LLC Cuts Stock Holdings in Cloudflare, Inc. $NET

Blueshift Asset Management LLC lowered its position in Cloudflare, Inc. (NYSE:NET) by 76.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,336 shares of the company’s stock after selling 7,572 shares during the period. Blueshift Asset Management LLC’s holdings in Cloudflare were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Cloudflare by 6.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 846,441 shares of the company’s stock valued at $165,759,000 after buying an additional 51,985 shares during the period. M&T Bank Corp raised its position in Cloudflare by 5.2% in the second quarter. M&T Bank Corp now owns 13,396 shares of the company’s stock worth $2,623,000 after acquiring an additional 667 shares in the last quarter. Van Hulzen Asset Management LLC lifted its holdings in Cloudflare by 1.5% in the second quarter. Van Hulzen Asset Management LLC now owns 5,405 shares of the company’s stock valued at $1,058,000 after acquiring an additional 80 shares during the period. Willis Johnson & Associates Inc. purchased a new stake in shares of Cloudflare during the 2nd quarter worth $208,000. Finally, Sepio Capital LP grew its stake in shares of Cloudflare by 4.1% during the 2nd quarter. Sepio Capital LP now owns 27,781 shares of the company’s stock worth $5,440,000 after purchasing an additional 1,105 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Up 2.1%

Shares of NYSE:NET opened at $201.33 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $70.52 billion, a P/E ratio of -671.10 and a beta of 1.94. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The stock’s fifty day simple moving average is $215.87 and its 200-day simple moving average is $201.18.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating 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 firm had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. During the same quarter in the previous year, the company posted $0.20 EPS. The firm’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. As a group, equities research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

NET has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Needham & Company LLC boosted their price target on Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Citigroup upped their price target on Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Mizuho lifted their price objective on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Scotiabank boosted their target price on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.33.

Insider Transactions at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the business’s 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 completion of the transaction, the chief financial officer directly owned 137,486 shares in the company, valued at approximately $26,697,031.48. The trade was a 23.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $195.32, for a total value of $10,231,642.88. Following the sale, the chief executive officer owned 22,175 shares in the company, valued at $4,331,221. This trade represents a 70.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 638,528 shares of company stock worth $133,985,858 in the last three months. 10.89% of the stock is currently owned by company insiders.

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.