Cloudflare, Inc. $NET Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its position in shares of Cloudflare, Inc. (NYSE:NET) by 22.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,240 shares of the company’s stock after buying an additional 967 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Cloudflare were worth $1,026,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Cloudflare by 2.1% during the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after purchasing an additional 658,656 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Cloudflare by 5.1% during the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after purchasing an additional 270,227 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Cloudflare by 33.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after buying an additional 786,063 shares in the last quarter. American Century Companies Inc. increased its stake in Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after buying an additional 779,819 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Cloudflare by 1.7% in the first quarter. Northern Trust Corp now owns 1,880,888 shares of the company’s stock valued at $211,957,000 after acquiring an additional 31,745 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Stock Down 2.3%

Shares of NYSE:NET opened at $234.96 on Wednesday. The company has a market capitalization of $82.30 billion, a price-to-earnings ratio of -783.21 and a beta of 2.10. Cloudflare, Inc. has a 12-month low of $87.77 and a 12-month high of $260.00. The business has a 50-day moving average price of $221.66 and a 200 day moving average price of $194.03. 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 announced its quarterly earnings results 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 $430.08 million during the quarter, compared to analysts’ expectations of $544.87 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% on a year-over-year basis. During the same period last year, the business 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. Sell-side analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Transactions at Cloudflare

In other Cloudflare news, Director Carl Ledbetter sold 15,000 shares of Cloudflare stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.65, for a total value of $3,159,750.00. Following the completion of the transaction, the director directly owned 998,073 shares of the company’s stock, valued at $210,244,077.45. The trade was a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark J. Hawkins sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $254.15, for a total transaction of $254,150.00. Following the completion of the transaction, the director directly owned 10,990 shares of the company’s stock, valued at approximately $2,793,108.50. The trade was a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 638,060 shares of company stock worth $133,217,328. 10.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NET shares. Jefferies Financial Group began coverage on shares of Cloudflare in a research note on Friday, October 31st. They issued a “hold” rating and a $250.00 price target on the stock. Argus raised their target price on shares of Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus upped their price target on Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 31st. JMP Securities set a $270.00 price objective on Cloudflare in a research report on Friday, October 31st. Finally, Royal Bank Of Canada upped their target price on Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.