Ellevest Inc. Sells 1,426 Shares of Cloudflare, Inc. $NET

Ellevest Inc. lessened its holdings in Cloudflare, Inc. (NYSE:NET) by 31.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,108 shares of the company’s stock after selling 1,426 shares during the period. Ellevest Inc.’s holdings in Cloudflare were worth $609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quaker Wealth Management LLC grew its holdings in shares of Cloudflare by 218.6% during the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock worth $33,000 after purchasing an additional 306 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Cloudflare during the second quarter worth about $36,000. Ameritas Advisory Services LLC bought a new stake in shares of Cloudflare during the second quarter worth about $39,000. Cullen Frost Bankers Inc. bought a new stake in shares of Cloudflare during the second quarter worth about $45,000. Finally, Whipplewood Advisors LLC lifted its stake in shares of Cloudflare by 277.6% in the second quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock worth $50,000 after acquiring an additional 186 shares during the period. Institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Down 1.8%

Shares of Cloudflare stock opened at $228.65 on Thursday. The stock has a fifty day simple moving average of $219.75 and a 200 day simple moving average of $190.07. Cloudflare, Inc. has a 12-month low of $87.24 and a 12-month high of $260.00. The company has a market capitalization of $79.68 billion, a P/E ratio of -762.17 and a beta of 2.10. 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 (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business had revenue of $430.08 million during the quarter, compared to the consensus estimate of $544.87 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. Cloudflare’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NET. Jefferies Financial Group assumed coverage on Cloudflare in a research note on Friday, October 31st. They issued a “hold” rating and a $250.00 price target on the stock. Cantor Fitzgerald boosted their target price on shares of Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. KeyCorp boosted their target price on shares of Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Citigroup boosted their target price on shares of Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.16.

Insider Transactions at Cloudflare

In other news, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the completion of the transaction, the chief financial officer owned 189,517 shares in the company, valued at approximately $36,129,520.88. This represents a 17.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 638,060 shares of company stock worth $133,217,328. 10.89% of the stock is owned by company insiders.

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.