Corient Private Wealth LLC Buys 6,757 Shares of Cloudflare, Inc. $NET

Corient Private Wealth LLC boosted its position in Cloudflare, Inc. (NYSE:NET) by 37.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,700 shares of the company’s stock after buying an additional 6,757 shares during the quarter. Corient Private Wealth LLC’s holdings in Cloudflare were worth $4,837,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CacheTech Inc. bought a new position in shares of Cloudflare during the 2nd quarter worth about $204,000. Adams Wealth Management acquired a new position in Cloudflare during the second quarter worth $204,000. Orion Porfolio Solutions LLC lifted its holdings in Cloudflare by 119.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,957 shares of the company’s stock valued at $2,733,000 after purchasing an additional 7,585 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Cloudflare in the 2nd quarter worth approximately $1,568,000. Finally, Stance Capital LLC bought a new stake in shares of Cloudflare during the second quarter worth $1,481,000. 82.68% of the stock is owned by institutional investors.

Cloudflare Trading Up 1.0%

Shares of NET stock opened at $195.72 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 1 year low of $89.42 and a 1 year high of $260.00. The stock has a market cap of $68.56 billion, a P/E ratio of -652.40 and a beta of 1.94. The stock has a 50 day simple moving average of $211.57 and a 200 day simple moving average of $204.52.

Cloudflare (NYSE:NET) last posted its quarterly earnings results 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 the consensus estimate of $544.65 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Cloudflare’s revenue for the quarter 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. On average, research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on NET. Oppenheimer assumed coverage on shares of Cloudflare in a research report on Monday, November 10th. They issued an “outperform” rating and a $260.00 price objective for the company. Piper Sandler upped their price objective on shares of Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. JMP Securities set a $270.00 price target on shares of Cloudflare in a research note on Friday, October 31st. Jefferies Financial Group reissued a “hold” rating and issued a $225.00 target price on shares of Cloudflare in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $234.78.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 41,555 shares of the 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. This represents a 23.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $215.51, for a total value of $11,289,275.84. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 692,330 shares of company stock worth $142,993,749 over the last 90 days. Insiders own 10.89% of the company’s stock.

Cloudflare Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.