Cloudflare, Inc. $NET Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its holdings in Cloudflare, Inc. (NYSE:NET) by 16.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 195,639 shares of the company’s stock after selling 37,517 shares during the period. Korea Investment CORP’s holdings in Cloudflare were worth $38,312,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quaker Wealth Management LLC raised 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 acquiring an additional 306 shares during the period. Hilltop National Bank acquired a new stake in Cloudflare in the 2nd quarter valued at $36,000. Ameritas Advisory Services LLC acquired a new stake in Cloudflare in the 2nd quarter valued at $39,000. Cullen Frost Bankers Inc. purchased a new position in Cloudflare in the second quarter valued at about $45,000. Finally, Whipplewood Advisors LLC lifted its stake in shares of Cloudflare by 277.6% during the second quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock worth $50,000 after purchasing an additional 186 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NET has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. KeyCorp upped their price target on Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Cantor Fitzgerald increased their price objective on shares of Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Oppenheimer assumed coverage on shares of Cloudflare in a research report on Monday, November 10th. They set an “outperform” rating and a $260.00 target price on the stock. Finally, Morgan Stanley raised their price target on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.35.

Cloudflare Stock Performance

Shares of NET opened at $200.07 on Friday. The firm has a market cap of $70.08 billion, a price-to-earnings ratio of -666.90 and a beta of 2.10. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average is $216.93 and its two-hundred day moving average is $199.88. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the company earned $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 forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $226.46, for a total transaction of $11,862,880.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas J. Seifert sold 41,555 shares of Cloudflare stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $194.18, for a total value 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 645,609 shares of company stock valued at $135,476,411 in the last ninety days. Corporate insiders own 10.89% of the company’s stock.

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.