Pier 88 Investment Partners LLC Sells 2,730 Shares of Cloudflare, Inc. $NET

Pier 88 Investment Partners LLC reduced its stake in Cloudflare, Inc. (NYSE:NET) by 33.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,450 shares of the company’s stock after selling 2,730 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Cloudflare were worth $1,170,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC boosted its position in shares of Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after buying an additional 70 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Cloudflare during the 2nd quarter worth approximately $29,000. Harbor Investment Advisory LLC acquired a new stake in shares of Cloudflare in the third quarter valued at approximately $32,000. Stone House Investment Management LLC lifted its position in shares of Cloudflare by 700.0% in the third quarter. Stone House Investment Management LLC now owns 160 shares of the company’s stock worth $34,000 after purchasing an additional 140 shares in the last quarter. Finally, Quaker Wealth Management LLC boosted its holdings in Cloudflare by 218.6% during the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock worth $33,000 after purchasing an additional 306 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NET shares. Argus boosted their price target on shares of Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Citizens Jmp raised their price target on Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Robert W. Baird set a $230.00 price objective on Cloudflare in a research note on Wednesday, December 17th. Stifel Nicolaus boosted their target price on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Susquehanna increased their price target on shares of Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $232.48.

Cloudflare Stock Up 9.2%

Cloudflare stock opened at $189.41 on Tuesday. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00. The stock has a market cap of $66.35 billion, a P/E ratio of -631.36, a P/E/G ratio of 114.08 and a beta of 1.96. The company’s 50-day moving average price is $194.97 and its two-hundred day moving average price is $206.00. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last announced its 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. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s quarterly 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 and its FY 2025 guidance at 0.910-0.910 EPS. As a group, analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 137,486 shares of the company’s stock, valued at approximately $26,697,031.48. This trade represents a 23.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michelle Zatlyn sold 35,099 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the completion of the sale, the insider directly owned 24,555 shares of the company’s stock, valued at $4,892,829.30. This represents a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 619,213 shares of company stock worth $122,370,244. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.