Silvant Capital Management LLC Buys 47,339 Shares of Cloudflare, Inc. $NET

Silvant Capital Management LLC grew its position in shares of Cloudflare, Inc. (NYSE:NET) by 244.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,666 shares of the company’s stock after acquiring an additional 47,339 shares during the quarter. Cloudflare accounts for approximately 0.5% of Silvant Capital Management LLC’s portfolio, making the stock its 29th largest holding. Silvant Capital Management LLC’s holdings in Cloudflare were worth $13,055,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quaker Wealth Management LLC grew its position in Cloudflare by 218.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock worth $33,000 after purchasing an additional 306 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Cloudflare in the 2nd quarter worth approximately $36,000. Ameritas Advisory Services LLC bought a new position in shares of Cloudflare in the second quarter valued at approximately $39,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Cloudflare during the second quarter valued at approximately $45,000. Finally, Whipplewood Advisors LLC increased its position in shares of Cloudflare by 277.6% during the second quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock valued at $50,000 after acquiring an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Activity at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was 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 in the company, valued at $4,331,221. This represents a 70.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the completion of the transaction, the chief financial officer owned 137,486 shares of the company’s stock, valued at $26,697,031.48. This trade represents a 23.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 645,609 shares of company stock worth $135,476,411 in the last 90 days. 10.89% of the stock is owned by company insiders.

Cloudflare Stock Performance

Shares of NET stock opened at $197.32 on Friday. The firm’s 50 day moving average is $217.46 and its 200 day moving average is $199.48. The stock has a market capitalization of $69.12 billion, a P/E ratio of -657.73 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 current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last released its quarterly earnings data 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 business had revenue of $562.03 million during the quarter, compared to analyst estimates of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. Cloudflare’s revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Piper Sandler boosted their price objective on Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Scotiabank boosted their price target on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. KeyCorp raised their price objective on shares of Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Bank of America boosted their target price on shares of Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Jefferies Financial Group initiated coverage on shares of Cloudflare in a research report on Friday, October 31st. They set a “hold” rating and a $250.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.35.

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.