Cloudflare, Inc. $NET Shares Purchased by Aequim Alternative Investments LP

Aequim Alternative Investments LP lifted its holdings in Cloudflare, Inc. (NYSE:NET) by 612.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,519 shares of the company’s stock after purchasing an additional 20,219 shares during the quarter. Aequim Alternative Investments LP’s holdings in Cloudflare were worth $4,606,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in shares of Cloudflare in the 2nd quarter worth $36,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cloudflare in the 2nd quarter worth $39,000. Mather Group LLC. boosted its position in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Cloudflare in 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 purchasing an additional 186 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analysts Set New Price Targets

NET has been the topic of several research analyst reports. Guggenheim reiterated a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. JMP Securities boosted their price target on Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a research note on Monday, July 28th. Cantor Fitzgerald boosted their price target on Cloudflare from $162.00 to $199.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Robert W. Baird boosted their price target on Cloudflare from $148.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Finally, Citigroup boosted their price target on Cloudflare from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $198.21.

Insider Activity

In other news, CFO Thomas J. Seifert sold 41,555 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total value of $7,922,045.20. Following the completion of the transaction, the chief financial officer owned 189,517 shares of the company’s stock, valued at $36,129,520.88. The trade was a 17.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michelle Zatlyn sold 35,100 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $191.71, for a total value of $6,729,021.00. Following the completion of the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 634,540 shares of company stock valued at $132,159,157 in the last quarter. 10.89% of the stock is currently owned by company insiders.

Cloudflare Stock Performance

Shares of NET stock opened at $218.10 on Monday. The stock has a market cap of $76.00 billion, a PE ratio of -641.46 and a beta of 1.99. The business has a 50-day simple moving average of $214.12 and a 200-day simple moving average of $183.10. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. Cloudflare, Inc. has a 52-week low of $85.60 and a 52-week high of $230.10.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $512.32 million during the quarter, compared to analysts’ expectations of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, equities analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

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.