Bamco Inc. NY Sells 328,409 Shares of Cloudflare, Inc. $NET

Bamco Inc. NY lowered its holdings in Cloudflare, Inc. (NYSE:NET) by 39.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 506,473 shares of the company’s stock after selling 328,409 shares during the period. Bamco Inc. NY owned approximately 0.15% of Cloudflare worth $99,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. National Bank of Canada FI boosted its stake in shares of Cloudflare by 29.5% in the first quarter. National Bank of Canada FI now owns 11,200 shares of the company’s stock valued at $1,262,000 after buying an additional 2,550 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cloudflare during the 1st quarter valued at $79,000. Vestmark Advisory Solutions Inc. grew its holdings in shares of Cloudflare by 67.7% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 6,964 shares of the company’s stock worth $785,000 after purchasing an additional 2,812 shares in the last quarter. Aberdeen Group plc increased its position in shares of Cloudflare by 149.0% in the first quarter. Aberdeen Group plc now owns 159,726 shares of the company’s stock worth $18,000,000 after purchasing an additional 95,574 shares during the period. Finally, Ethic Inc. increased its position in shares of Cloudflare by 8.3% in the first quarter. Ethic Inc. now owns 30,449 shares of the company’s stock worth $3,522,000 after purchasing an additional 2,332 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Stock Down 2.7%

Shares of NYSE:NET opened at $202.41 on Friday. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a market capitalization of $70.90 billion, a PE ratio of -674.70 and a beta of 1.94. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The company has a fifty day moving average of $213.94 and a 200-day moving average of $203.26.

Cloudflare (NYSE:NET) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $544.65 million. During the same quarter last year, the business posted $0.20 EPS. Cloudflare’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. On average, equities analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insider Activity

In related news, insider Michelle Zatlyn sold 35,099 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $199.26, for a total value of $6,993,826.74. Following the completion of the transaction, the insider owned 24,555 shares in the company, valued at $4,892,829.30. This trade represents a 58.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $215.51, for a total transaction of $11,289,275.84. The disclosure for this sale is available in the SEC filing. Insiders sold 689,810 shares of company stock valued at $142,491,336 over the last quarter. 10.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective on the stock in a research note on Wednesday, November 5th. Piper Sandler upped their price target on shares of Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. UBS Group lifted their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Mizuho upped their target price on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Cantor Fitzgerald lifted their price target on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.