Cloudflare, Inc. $NET Shares Sold by Baker Chad R

Baker Chad R cut its position in Cloudflare, Inc. (NYSE:NET) by 15.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,305 shares of the company’s stock after selling 14,595 shares during the period. Cloudflare accounts for 3.0% of Baker Chad R’s investment portfolio, making the stock its 12th largest holding. Baker Chad R’s holdings in Cloudflare were worth $17,447,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cloudflare during the second quarter worth $29,000. Quaker Wealth Management LLC boosted its position in shares of Cloudflare by 218.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock worth $33,000 after acquiring an additional 306 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Cloudflare during the 2nd quarter worth about $36,000. Ameritas Advisory Services LLC purchased a new position in shares of Cloudflare in the 2nd quarter valued at about $39,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Cloudflare during the 2nd quarter worth about $45,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NET shares. Jefferies Financial Group restated a “hold” rating and set a $225.00 target price on shares of Cloudflare in a research note on Tuesday, December 16th. Scotiabank raised their price objective on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Needham & Company LLC upped their target price on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wells Fargo & Company increased their target price on shares of Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Cantor Fitzgerald lifted their price target on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One investment 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 given a Sell rating to the stock. According to MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $234.78.

Cloudflare Price Performance

NET stock opened at $202.56 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. The company has a market capitalization of $70.95 billion, a P/E ratio of -675.21 and a beta of 1.94. The business has a 50 day simple moving average of $210.20 and a 200-day simple moving average of $205.23. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00.

Cloudflare (NYSE:NET) last released its quarterly earnings results 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 the consensus estimate of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. Cloudflare’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. As a group, equities analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $199.37, for a total transaction of $502,412.40. Following the completion of the sale, the director owned 495,191 shares in the company, valued at approximately $98,726,229.67. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $201.23, for a total value of $10,541,232.32. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 628,079 shares of company stock valued at $128,603,861. 10.89% of the stock is owned by insiders.

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.