Davis Capital Management Invests $934,000 in Cloudflare, Inc. $NET

Davis Capital Management acquired a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,353 shares of the company’s stock, valued at approximately $934,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Cloudflare during the 2nd quarter worth about $29,000. Quaker Wealth Management LLC raised its position in Cloudflare by 218.6% during the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after acquiring an additional 306 shares in the last quarter. Hilltop National Bank acquired a new stake in Cloudflare in the second quarter valued at approximately $36,000. Salomon & Ludwin LLC acquired a new stake in Cloudflare in the third quarter valued at approximately $41,000. Finally, Ameritas Advisory Services LLC bought a new stake in Cloudflare in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NET. Citigroup lifted their price objective on shares of Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Scotiabank raised their target price on Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Robert W. Baird set a $230.00 price target on Cloudflare in a research note on Wednesday, December 17th. Susquehanna raised their price objective on Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada upped their target price on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. One 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $234.78.

Cloudflare Stock Performance

Shares of NYSE NET opened at $195.95 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average is $208.59 and its two-hundred day moving average is $206.17. The company has a market cap of $68.64 billion, a P/E ratio of -653.17, a P/E/G ratio of 128.93 and a beta of 1.96. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00.

Cloudflare (NYSE:NET) last posted 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 during the quarter, compared to analysts’ expectations of $544.65 million. During the same period in the prior year, the business 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, equities analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Buying and Selling

In other news, Director Katrin Suder sold 2,031 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $200.00, for a total transaction of $406,200.00. Following the transaction, the director owned 37,723 shares in the company, valued at approximately $7,544,600. The trade was a 5.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $208.61, for a total transaction of $5,348,969.01. Following the transaction, the insider directly owned 24,555 shares of the company’s stock, valued at $5,122,418.55. This represents a 51.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 627,945 shares of company stock worth $128,468,645. 10.89% of the stock is currently owned by corporate 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.