Exchange Traded Concepts LLC Grows Position in Cloudflare, Inc. $NET

Exchange Traded Concepts LLC boosted its position in shares of Cloudflare, Inc. (NYSE:NET) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,057 shares of the company’s stock after buying an additional 3,816 shares during the period. Exchange Traded Concepts LLC’s holdings in Cloudflare were worth $10,098,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Focus Financial Network Inc. purchased a new position in shares of Cloudflare during the third quarter worth approximately $201,000. U.S. Capital Wealth Advisors LLC boosted its stake in Cloudflare by 10.2% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 1,163 shares of the company’s stock worth $250,000 after purchasing an additional 108 shares during the period. Harbour Capital Advisors LLC purchased a new position in Cloudflare during the 3rd quarter worth $287,000. Dynamic Advisor Solutions LLC increased its stake in Cloudflare by 11.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,699 shares of the company’s stock valued at $365,000 after purchasing an additional 171 shares during the period. Finally, Hilltop National Bank increased its stake in Cloudflare by 53.0% in the third quarter. Hilltop National Bank now owns 280 shares of the company’s stock valued at $60,000 after purchasing an additional 97 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NET. Citizens Jmp raised their price target on Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. Oppenheimer began coverage on Cloudflare in a research report on Monday, November 10th. They set an “outperform” rating and a $260.00 price objective for the company. Guggenheim reissued a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. Wall Street Zen raised Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Robert W. Baird set a $230.00 price objective on shares of Cloudflare in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $234.78.

Insider Buying and Selling at Cloudflare

In related news, Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $199.37, for a total value of $502,412.40. Following the sale, the director owned 495,191 shares in the company, valued at $98,726,229.67. This represents a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Thomas J. Seifert sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $201.69, for a total value of $2,016,900.00. Following the completion of the transaction, the chief financial officer directly owned 137,486 shares of the company’s stock, valued at $27,729,551.34. The trade was a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 653,720 shares of company stock worth $134,052,317. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Price Performance

Shares of NYSE NET opened at $202.07 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. Cloudflare, Inc. has a one year low of $89.42 and a one year high of $260.00. The firm has a market capitalization of $70.78 billion, a P/E ratio of -673.58 and a beta of 1.94. The company’s fifty day moving average is $210.84 and its two-hundred day moving average is $205.10.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. 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 forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Cloudflare Company 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.