Cloudflare, Inc. $NET Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC trimmed its stake in shares of Cloudflare, Inc. (NYSE:NET) by 12.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,671 shares of the company’s stock after selling 239 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Cloudflare were worth $327,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Quaker Wealth Management LLC increased its stake in 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 purchasing an additional 306 shares in the last quarter. Hilltop National Bank acquired a new stake in Cloudflare in the second quarter valued at $36,000. Ameritas Advisory Services LLC acquired a new position in shares of Cloudflare during the 2nd quarter worth $39,000. Cullen Frost Bankers Inc. acquired a new position in shares of Cloudflare during the 2nd quarter worth $45,000. Finally, Whipplewood Advisors LLC boosted its position in shares of Cloudflare by 277.6% in the 2nd quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock worth $50,000 after buying an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Activity at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated 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 accessible through the SEC website. Also, insider Michelle Zatlyn sold 35,100 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 638,060 shares of company stock worth $133,217,328. 10.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

NET has been the subject of several recent research reports. Royal Bank Of Canada raised their target price on shares of Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Wall Street Zen raised shares of Cloudflare from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America lifted their price objective on Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. JMP Securities set a $270.00 target price on Cloudflare in a report on Friday, October 31st. Finally, Guggenheim reissued a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. One equities 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $235.35.

Cloudflare Stock Up 3.3%

Shares of NYSE NET opened at $240.56 on Tuesday. The firm has a market cap of $84.26 billion, a P/E ratio of -801.87 and a beta of 2.10. 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, Inc. has a 1 year low of $87.77 and a 1 year high of $260.00. The firm’s 50 day moving average price is $221.13 and its 200 day moving average price is $193.23.

Cloudflare (NYSE:NET) last issued its quarterly earnings results 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 $430.08 million during the quarter, compared to the consensus estimate of $544.87 million. During the same period in the previous year, the firm posted $0.20 EPS. Cloudflare’s revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current 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.