Montag A & Associates Inc. Decreases Stock Holdings in Cloudflare, Inc. $NET

Montag A & Associates Inc. lessened its holdings in Cloudflare, Inc. (NYSE:NET) by 70.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 488 shares of the company’s stock after selling 1,157 shares during the period. Montag A & Associates Inc.’s holdings in Cloudflare were worth $96,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NET. Envestnet Asset Management Inc. raised its position in Cloudflare by 1.5% in the first quarter. Envestnet Asset Management Inc. now owns 203,450 shares of the company’s stock valued at $22,927,000 after purchasing an additional 2,936 shares during the period. Cerity Partners LLC lifted its position in Cloudflare by 13.3% during the 1st quarter. Cerity Partners LLC now owns 21,168 shares of the company’s stock worth $2,385,000 after acquiring an additional 2,489 shares in the last quarter. CWM LLC boosted its holdings in Cloudflare by 2.5% in the 1st quarter. CWM LLC now owns 11,692 shares of the company’s stock worth $1,318,000 after acquiring an additional 283 shares during the period. Dakota Wealth Management acquired a new stake in Cloudflare in the first quarter valued at approximately $1,270,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Cloudflare in the first quarter valued at approximately $35,915,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of Cloudflare stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total value of $7,922,045.20. Following the completion of the transaction, the chief financial officer directly owned 189,517 shares in the company, valued at $36,129,520.88. The trade was a 17.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michelle Zatlyn sold 35,100 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total value of $6,729,021.00. Following the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at $2,794,173.25. This trade represents a 70.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 638,060 shares of company stock worth $133,217,328. 10.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on NET shares. Stifel Nicolaus boosted their target price on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wall Street Zen raised shares of Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Morgan Stanley raised their target price on Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Robert W. Baird set a $220.00 price target on Cloudflare in a research note on Friday, October 31st. Finally, Mizuho raised their price objective on Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and an average target price of $235.35.

Cloudflare Trading Down 4.0%

Shares of NYSE NET opened at $225.46 on Thursday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The stock’s 50 day moving average price is $222.05 and its two-hundred day moving average price is $194.25. Cloudflare, Inc. has a 52-week low of $87.77 and a 52-week high of $260.00. The stock has a market capitalization of $78.97 billion, a P/E ratio of -751.53 and a beta of 2.10.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $430.08 million for the quarter, compared to analyst estimates of $544.87 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business’s revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Cloudflare 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.