Migdal Insurance & Financial Holdings Ltd. Sells 4,700 Shares of Cloudflare, Inc. $NET

Migdal Insurance & Financial Holdings Ltd. lessened its stake in shares of Cloudflare, Inc. (NYSE:NET) by 23.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,600 shares of the company’s stock after selling 4,700 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Cloudflare were worth $3,348,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NET. ORG Wealth Partners LLC raised its stake in Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after acquiring an additional 70 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Cloudflare in the 2nd quarter worth about $29,000. Harbor Investment Advisory LLC acquired a new stake in shares of Cloudflare during the 3rd quarter worth about $32,000. Stone House Investment Management LLC lifted its holdings in Cloudflare by 700.0% during the 3rd quarter. Stone House Investment Management LLC now owns 160 shares of the company’s stock valued at $34,000 after purchasing an additional 140 shares during the last quarter. Finally, Quaker Wealth Management LLC lifted its holdings in Cloudflare by 218.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after purchasing an additional 306 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Stock Down 3.8%

NYSE:NET opened at $177.26 on Wednesday. The stock’s fifty day moving average price is $197.91 and its two-hundred day moving average price is $206.40. The company has a market cap of $62.09 billion, a price-to-earnings ratio of -590.86, a P/E/G ratio of 121.14 and a beta of 1.96. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.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 posted $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NET. Scotiabank raised their price objective on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Needham & Company LLC increased their price target on Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Oppenheimer initiated coverage on Cloudflare in a report on Monday, November 10th. They set an “outperform” rating and a $260.00 price target for the company. Jefferies Financial Group reissued a “hold” rating and issued a $225.00 price objective on shares of Cloudflare in a research note on Tuesday, December 16th. Finally, Mizuho decreased their target price on Cloudflare from $280.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $232.48.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total value of $8,069,149.90. Following the transaction, the chief financial officer directly owned 137,486 shares in the company, valued at $26,697,031.48. This trade represents a 23.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $195.32, for a total value of $10,231,642.88. Following the transaction, the chief executive officer owned 22,175 shares in the company, valued at approximately $4,331,221. This trade represents a 70.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 609,213 shares of company stock valued at $120,586,544. 10.89% of the stock is currently owned by insiders.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.