FORA Capital LLC Trims Stock Holdings in Cloudflare, Inc. $NET

FORA Capital LLC lowered its position in shares of Cloudflare, Inc. (NYSE:NET) by 31.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 31,025 shares of the company’s stock after selling 14,057 shares during the quarter. Cloudflare comprises about 0.7% of FORA Capital LLC’s portfolio, making the stock its 29th largest position. FORA Capital LLC’s holdings in Cloudflare were worth $6,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NET. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cloudflare during the second quarter worth about $29,000. Quaker Wealth Management LLC lifted its stake in 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 acquiring an additional 306 shares during the period. Hilltop National Bank acquired a new stake in Cloudflare during the 2nd quarter valued at approximately $36,000. Ameritas Advisory Services LLC purchased a new stake in shares of Cloudflare in the 2nd quarter valued at $39,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Cloudflare in the second quarter worth $45,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on NET shares. Royal Bank Of Canada boosted their target price on shares of Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Susquehanna boosted their price objective on Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Needham & Company LLC upped their target price on Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Jefferies Financial Group initiated coverage on Cloudflare in a research report on Friday, October 31st. They set a “hold” rating and a $250.00 price target for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.33.

Insiders Place Their Bets

In other news, CFO Thomas J. Seifert sold 41,555 shares of Cloudflare stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $194.18, for a total value of $8,069,149.90. Following the sale, the chief financial officer owned 137,486 shares in the company, valued at $26,697,031.48. This trade represents a 23.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michelle Zatlyn sold 35,099 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the sale, the insider directly owned 24,555 shares of the company’s stock, valued at $4,892,829.30. This represents a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 689,810 shares of company stock worth $142,491,336. Company insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Shares of NET stock opened at $202.41 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The business’s 50 day moving average is $213.94 and its two-hundred day moving average is $203.55. The company has a market capitalization of $70.90 billion, a P/E ratio of -674.70 and a beta of 1.94.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. During the same period in the previous year, the business earned $0.20 earnings per share. The business’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

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.