Vestor Capital LLC Acquires 54,262 Shares of Cloudflare, Inc. $NET

Vestor Capital LLC lifted its stake in Cloudflare, Inc. (NYSE:NET) by 102.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 107,344 shares of the company’s stock after buying an additional 54,262 shares during the period. Cloudflare comprises approximately 0.6% of Vestor Capital LLC’s portfolio, making the stock its 26th biggest holding. Vestor Capital LLC’s holdings in Cloudflare were worth $21,021,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Daymark Wealth Partners LLC grew its position in Cloudflare by 1.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares during the last quarter. Huntington National Bank grew its position in Cloudflare by 22.8% during the second quarter. Huntington National Bank now owns 280 shares of the company’s stock worth $55,000 after buying an additional 52 shares in the last quarter. ORG Partners LLC grew its position in Cloudflare by 11.9% during the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock worth $92,000 after buying an additional 53 shares in the last quarter. Fiduciary Planning LLC increased its stake in Cloudflare by 3.0% during the second quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock valued at $363,000 after acquiring an additional 54 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in Cloudflare by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 4,044 shares of the company’s stock valued at $792,000 after acquiring an additional 75 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Trading Down 2.5%

Shares of NET opened at $186.56 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market cap of $65.35 billion, a price-to-earnings ratio of -621.87 and a beta of 2.10. The stock has a fifty day moving average price of $219.41 and a two-hundred day moving average price of $198.03. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $562.03 million during the quarter, compared to analyst estimates of $544.87 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insider Transactions at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $218.20, for a total value of $5,594,866.20. Following the transaction, the insider directly owned 14,575 shares in the company, valued at approximately $3,180,265. This trade represents a 63.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $226.46, for a total value of $11,862,880.64. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 599,869 shares of company stock worth $126,762,385. Corporate insiders own 10.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Argus upped their target price on Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Morgan Stanley upped their target price on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Stifel Nicolaus upped their price objective on Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Oppenheimer assumed coverage on Cloudflare in a report on Monday, November 10th. They issued an “outperform” rating and a $260.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $235.35.

About Cloudflare

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.