Kingswood Wealth Advisors LLC Grows Stake in Cloudflare, Inc. $NET

Kingswood Wealth Advisors LLC grew its holdings in Cloudflare, Inc. (NYSE:NET) by 19.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,284 shares of the company’s stock after acquiring an additional 366 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Cloudflare were worth $447,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. increased its holdings in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. NBC Securities Inc. purchased a new stake in Cloudflare in the first quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of Cloudflare by 213.4% in the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares during the period. Hilltop National Bank purchased a new position in shares of Cloudflare during the second quarter worth approximately $36,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Cloudflare during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Up 0.4%

Cloudflare stock opened at $220.78 on Friday. 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 1-year low of $84.48 and a 1-year high of $230.10. The company has a market cap of $76.94 billion, a PE ratio of -649.35 and a beta of 1.99. The stock’s 50 day moving average price is $211.72 and its 200 day moving average price is $174.20.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The firm had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue for the quarter 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 predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insider Transactions at Cloudflare

In related news, CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $227.64, for a total value of $2,276,400.00. Following the sale, the chief financial officer directly owned 189,517 shares in the company, valued at $43,141,649.88. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas James Kramer sold 9,000 shares of Cloudflare stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $213.48, for a total value of $1,921,320.00. Following the completion of the sale, the insider owned 132,185 shares in the company, valued at approximately $28,218,853.80. This trade represents a 6.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 673,534 shares of company stock valued at $137,405,454. 10.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NET has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Mizuho raised their target price on shares of Cloudflare from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Stifel Nicolaus raised their target price on shares of Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. KeyCorp raised their target price on shares of Cloudflare from $210.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Morgan Stanley raised their target price on shares of Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $196.54.

About Cloudflare

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.