West Family Investments Inc. Takes Position in Cloudflare, Inc. $NET

West Family Investments Inc. bought a new stake in Cloudflare, Inc. (NYSE:NET) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,304 shares of the company’s stock, valued at approximately $451,000.

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

Analysts Set New Price Targets

NET has been the subject of a number of recent research reports. Cantor Fitzgerald raised their price objective 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. Citigroup increased their target price on Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a report on Monday, November 3rd. KeyCorp lifted their price objective on Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Citizens Jmp upped their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Finally, Mizuho raised their price objective on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.35.

Cloudflare Stock Performance

Cloudflare stock opened at $200.07 on Friday. The company has a market cap of $70.08 billion, a price-to-earnings ratio of -666.90 and a beta of 2.10. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s 50-day moving average is $216.93 and its 200-day moving average is $200.23.

Cloudflare (NYSE:NET) last announced its quarterly 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. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The firm had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. During the same period in the previous year, the company posted $0.20 earnings per share. Cloudflare’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 analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling

In other Cloudflare news, insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $189.07, for a total value of $4,847,943.87. Following the completion of the transaction, the insider owned 24,555 shares in the company, valued at $4,642,613.85. This represents a 51.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $195.32, for a total transaction of $10,231,642.88. Following the sale, the chief executive officer directly owned 22,175 shares of the company’s stock, valued at approximately $4,331,221. The trade was a 70.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 645,609 shares of company stock valued at $135,476,411. 10.89% of the stock is owned by insiders.

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.