FSM Wealth Advisors LLC Takes Position in Cloudflare, Inc. $NET

FSM Wealth Advisors LLC bought a new position in Cloudflare, Inc. (NYSE:NET) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,087 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors also recently bought and sold shares of the stock. Paragon Advisors LLC purchased a new position in Cloudflare during the second quarter valued at $263,000. Forum Financial Management LP boosted its holdings in shares of Cloudflare by 8.5% during the 2nd quarter. Forum Financial Management LP now owns 3,978 shares of the company’s stock valued at $779,000 after purchasing an additional 311 shares during the last quarter. Ethic Inc. boosted its holdings in shares of Cloudflare by 13.4% during the 2nd quarter. Ethic Inc. now owns 34,531 shares of the company’s stock valued at $6,701,000 after purchasing an additional 4,082 shares during the last quarter. Birch Hill Investment Advisors LLC purchased a new position in shares of Cloudflare during the second quarter valued at about $247,000. Finally, Covenant Partners LLC bought a new stake in shares of Cloudflare in the second quarter worth about $249,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 59,130 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $200.30, for a total value of $11,843,739.00. Following the sale, the chief financial officer directly owned 241,550 shares of the company’s stock, valued at $48,382,465. This represents a 19.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michelle Zatlyn sold 35,100 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. The trade was a 70.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 708,670 shares of company stock worth $147,000,646. Insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

NYSE:NET opened at $218.10 on Friday. The stock’s fifty day moving average is $214.12 and its 200 day moving average is $182.02. Cloudflare, Inc. has a fifty-two week low of $85.60 and a fifty-two week high of $230.10. The firm has a market capitalization of $76.00 billion, a PE ratio of -641.46 and a beta of 1.99. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NET. Wells Fargo & Company increased their price target on Cloudflare from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Morgan Stanley lifted their price objective on Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. DZ Bank reiterated a “sell” rating and set a $170.00 target price on shares of Cloudflare in a research report on Tuesday, July 22nd. Robert W. Baird raised their target price on shares of Cloudflare from $148.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, UBS Group upped their price target on shares of Cloudflare from $215.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.21.

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.