Cloudflare, Inc. $NET Stock Position Trimmed by NTV Asset Management LLC

NTV Asset Management LLC cut its position in Cloudflare, Inc. (NYSE:NET) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,400 shares of the company’s stock after selling 300 shares during the quarter. NTV Asset Management LLC’s holdings in Cloudflare were worth $2,624,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NET. Mather Group LLC. increased its stake in Cloudflare by 1,188.2% during the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after buying an additional 202 shares during the period. NBC Securities Inc. acquired a new position in Cloudflare during the 1st quarter valued at about $27,000. GPS Wealth Strategies Group LLC increased its stake in Cloudflare by 213.4% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock valued at $29,000 after buying an additional 175 shares during the period. Hilltop National Bank acquired a new position in Cloudflare during the 2nd quarter valued at about $36,000. Finally, Ameritas Advisory Services LLC acquired a new position in Cloudflare during the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity

In other news, CFO Thomas J. Seifert sold 34,270 shares of Cloudflare stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $200.17, for a total value of $6,859,825.90. Following the transaction, the chief financial officer directly owned 241,550 shares of the company’s stock, valued at $48,351,063.50. This trade represents a 12.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michelle Zatlyn sold 35,100 shares of Cloudflare stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the completion of the transaction, the insider directly owned 14,575 shares in the company, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 727,020 shares of company stock valued at $146,028,939. 10.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NET has been the topic of several research analyst reports. JMP Securities raised their target price on shares of Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a research note on Monday, July 28th. Bank of America raised their target price on shares of Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Morgan Stanley raised their target price on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Cantor Fitzgerald raised their target price on shares of Cloudflare from $162.00 to $199.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, Mizuho lifted their price objective on shares of Cloudflare from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Cloudflare presently has a consensus rating of “Hold” and a consensus target price of $191.28.

Cloudflare Stock Performance

Cloudflare stock opened at $216.95 on Friday. The firm’s 50 day simple moving average is $210.27 and its 200-day simple moving average is $171.44. The company has a market cap of $75.60 billion, a P/E ratio of -638.08 and a beta of 1.99. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. Cloudflare, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $230.10.

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

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.