CreativeOne Wealth LLC Raises Stake in Cloudflare, Inc. $NET

CreativeOne Wealth LLC boosted its holdings in Cloudflare, Inc. (NYSE:NET) by 5.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,601 shares of the company’s stock after purchasing an additional 364 shares during the quarter. CreativeOne Wealth LLC’s holdings in Cloudflare were worth $1,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NET. Vanguard Group Inc. boosted its position in shares of Cloudflare by 2.1% in the 2nd 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 raised its stake in Cloudflare by 5.1% during the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock valued at $1,081,533,000 after buying an additional 270,227 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cloudflare by 33.5% during the first 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 during the last quarter. American Century Companies Inc. boosted its holdings in Cloudflare by 34.5% in the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after acquiring an additional 779,819 shares in the last quarter. Finally, Northern Trust Corp grew its stake 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 worth $211,957,000 after acquiring an additional 31,745 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Down 0.1%

Shares of NET stock opened at $197.32 on Thursday. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm’s 50 day moving average is $217.98 and its 200 day moving average is $199.49. The stock has a market capitalization of $69.12 billion, a P/E ratio of -657.73 and a beta of 2.10.

Cloudflare (NYSE:NET) last announced its 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 $562.03 million during the quarter, compared to analyst estimates of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michelle Zatlyn sold 35,099 shares of the company’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 sale, the insider directly owned 24,555 shares of the company’s stock, valued at $4,892,829.30. The trade was a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 645,609 shares of company stock valued at $135,476,411. 10.89% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on NET. Argus upped their price target on shares of Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price target on shares of Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Oppenheimer started coverage on shares of Cloudflare in a report on Monday, November 10th. They issued an “outperform” rating and a $260.00 price objective for the company. Finally, Guggenheim reaffirmed a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average price target of $235.35.

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.