Profund Advisors LLC Has $2.39 Million Stock Position in Cloudflare, Inc. $NET

Profund Advisors LLC reduced its position in Cloudflare, Inc. (NYSE:NET) by 31.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,222 shares of the company’s stock after selling 5,726 shares during the period. Profund Advisors LLC’s holdings in Cloudflare were worth $2,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quaker Wealth Management LLC grew its stake in shares of Cloudflare by 218.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after buying 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. Ameritas Advisory Services LLC bought a new stake in Cloudflare in the second quarter worth approximately $39,000. Cullen Frost Bankers Inc. bought a new stake in Cloudflare in the second quarter worth approximately $45,000. Finally, Whipplewood Advisors LLC increased its stake in shares of Cloudflare by 277.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock worth $50,000 after purchasing an additional 186 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michelle Zatlyn sold 35,100 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the completion of the sale, the insider owned 14,575 shares in the company, valued at approximately $2,794,173.25. The trade was a 70.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 638,060 shares of company stock worth $133,217,328 over the last three months. 10.89% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NET has been the subject of several analyst reports. 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. Wells Fargo & Company raised their target price on Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Scotiabank boosted their price target on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Citizens Jmp upped their price target on Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.35.

Cloudflare Trading Up 3.3%

Shares of NYSE:NET opened at $240.56 on Tuesday. The company has a market cap of $84.26 billion, a P/E ratio of -801.87 and a beta of 2.10. The stock’s 50-day moving average is $221.13 and its 200-day moving average is $193.23. Cloudflare, Inc. has a 52-week low of $87.77 and a 52-week high of $260.00. 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 (NYSE:NET) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping 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 business had revenue of $430.08 million during the quarter, compared to analysts’ expectations of $544.87 million. During the same quarter in the previous year, the firm earned $0.20 EPS. The firm’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Cloudflare 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.