Cloudflare, Inc. $NET Shares Bought by Oak Thistle LLC

Oak Thistle LLC grew its position in Cloudflare, Inc. (NYSE:NET) by 243.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,065 shares of the company’s stock after acquiring an additional 2,880 shares during the quarter. Oak Thistle LLC’s holdings in Cloudflare were worth $872,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Daymark Wealth Partners LLC boosted its stake in Cloudflare by 1.1% during the 2nd quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares during the period. Huntington National Bank raised its holdings in shares of Cloudflare by 22.8% in the second quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after buying an additional 52 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Cloudflare by 11.9% in the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after buying an additional 53 shares during the last quarter. Fiduciary Planning LLC boosted its stake in shares of 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 buying an additional 54 shares during the period. Finally, Ossiam grew its holdings in shares of Cloudflare by 2.0% during the second quarter. Ossiam now owns 3,343 shares of the company’s stock worth $655,000 after buying an additional 64 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $208.61, for a total transaction of $5,348,969.01. Following the sale, the insider directly owned 24,555 shares in the company, valued at approximately $5,122,418.55. The trade was a 51.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $201.23, for a total value of $10,541,232.32. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 692,330 shares of company stock worth $142,993,749. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Price Performance

Shares of NYSE NET opened at $193.75 on Friday. 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 one year low of $89.42 and a one year high of $260.00. The firm has a market capitalization of $67.87 billion, a P/E ratio of -645.83 and a beta of 1.94. The company’s fifty day moving average is $211.93 and its two-hundred day moving average is $204.12.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $562.03 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group upped their price objective on Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Mizuho upped their price target on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Stifel Nicolaus lifted their price objective on shares of Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Barclays started coverage on shares of Cloudflare in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $235.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Cloudflare from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $234.78.

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.