Cloudflare, Inc. $NET Shares Sold by SWS Partners

SWS Partners lessened its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 16.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,948 shares of the company’s stock after selling 4,567 shares during the period. SWS Partners’ holdings in Cloudflare were worth $2,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Cloudflare by 86.8% during the first quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock worth $123,000 after acquiring an additional 508 shares during the period. Wealthedge Investment Advisors LLC grew its holdings in Cloudflare by 64.5% during the first quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock worth $1,367,000 after acquiring an additional 4,755 shares during the period. American Century Companies Inc. grew its holdings in Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after acquiring an additional 779,819 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Cloudflare by 9.6% during the first quarter. Crossmark Global Holdings Inc. now owns 2,635 shares of the company’s stock worth $297,000 after acquiring an additional 230 shares during the period. Finally, Amalgamated Bank grew its holdings in Cloudflare by 7.0% in the first quarter. Amalgamated Bank now owns 21,402 shares of the company’s stock valued at $2,412,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the topic of several research reports. Mizuho upped their target price on Cloudflare from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. KeyCorp upped their target price on Cloudflare from $210.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Stifel Nicolaus upped their target price on Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 1st. UBS Group upped their target price on Cloudflare from $145.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Scotiabank increased their price objective on Cloudflare from $135.00 to $200.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $191.28.

Insider Transactions at Cloudflare

In other news, CFO Thomas J. Seifert sold 34,270 shares of Cloudflare stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $200.17, for a total value of $6,859,825.90. Following the completion of the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,351,063.50. This trade represents a 12.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michelle Zatlyn sold 35,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $191.71, for a total value of $6,729,021.00. Following the completion of the sale, the insider directly owned 14,575 shares in the company, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 633,404 shares of company stock worth $121,335,185 in the last quarter. Insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $222.85 on Thursday. Cloudflare, Inc. has a one year low of $75.22 and a one year high of $225.29. The business’s 50-day simple moving average is $200.05 and its 200 day simple moving average is $160.89. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The company has a market cap of $77.66 billion, a P/E ratio of -655.45 and a beta of 1.95.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The business’s revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Cloudflare Company 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.