Flow Traders U.S. LLC Purchases Shares of 5,875 Cloudflare, Inc. $NET

Flow Traders U.S. LLC acquired a new position in shares of Cloudflare, Inc. (NYSE:NET) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,875 shares of the company’s stock, valued at approximately $1,151,000.

Other hedge funds have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new position in Cloudflare during the second quarter worth approximately $29,000. Quaker Wealth Management LLC grew its stake in shares of Cloudflare by 218.6% during 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 shares of Cloudflare during the 2nd quarter worth $36,000. Ameritas Advisory Services LLC purchased a new position in shares of Cloudflare in the 2nd quarter worth $39,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Cloudflare in the 2nd quarter worth $45,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $201.23, for a total transaction of $10,541,232.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction on Monday, November 24th. The stock was 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 approximately $4,642,613.85. This trade represents a 51.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 690,912 shares of company stock worth $143,744,997 over the last quarter. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Shares of NET stock opened at $205.84 on Tuesday. 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 company’s fifty day moving average price is $214.75 and its two-hundred day moving average price is $202.49. The firm has a market capitalization of $72.10 billion, a P/E ratio of -686.14 and a beta of 1.95. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00.

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 return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. During the same period last year, the firm earned $0.20 earnings per share. The company’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 and its FY 2025 guidance at 0.910-0.910 EPS. On average, research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on NET. Stifel Nicolaus upped their price target on Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Barclays assumed coverage on shares of Cloudflare in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $235.00 target price for the company. UBS Group lifted their price target on shares of Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Finally, Piper Sandler raised their target price on shares of Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One equities 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.33.

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.