MYDA Advisors LLC Sells 11,000 Shares of Cloudflare, Inc. $NET

MYDA Advisors LLC lessened its stake in Cloudflare, Inc. (NYSE:NET) by 61.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company’s stock after selling 11,000 shares during the quarter. MYDA Advisors LLC’s holdings in Cloudflare were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Cloudflare by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 361,607 shares of the company’s stock worth $38,943,000 after acquiring an additional 18,457 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Cloudflare by 184.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the company’s stock valued at $274,000 after acquiring an additional 1,651 shares during the last quarter. Stifel Financial Corp boosted its stake in Cloudflare by 30.6% in the 4th quarter. Stifel Financial Corp now owns 47,050 shares of the company’s stock worth $5,066,000 after purchasing an additional 11,011 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Cloudflare by 59.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 9,068 shares of the company’s stock valued at $976,000 after buying an additional 3,388 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in Cloudflare in the 4th quarter worth approximately $235,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Up 3.4%

Shares of NET stock opened at $205.24 on Thursday. Cloudflare, Inc. has a 1-year low of $74.88 and a 1-year high of $219.00. The firm’s 50-day simple moving average is $194.93 and its 200-day simple moving average is $157.75. The firm has a market cap of $71.52 billion, a P/E ratio of -603.63 and a beta of 1.84. 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 (NYSE:NET) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. Cloudflare’s revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. As a group, equities analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. DZ Bank reaffirmed a “sell” rating and set a $170.00 target price on shares of Cloudflare in a report on Tuesday, July 22nd. Citigroup increased their price target on Cloudflare from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 18th. KeyCorp lifted their price target on Cloudflare from $210.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. CICC Research raised shares of Cloudflare from a “market perform” rating to an “outperform” rating and set a $154.00 price target for the company in a research report on Monday, May 12th. Finally, Cowen reiterated a “buy” rating on shares of Cloudflare in a research note on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.28.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 35,100 shares of Cloudflare stock in a transaction 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 completion of the sale, the insider owned 14,575 shares in the company, valued at approximately $2,794,173.25. The trade was a 70.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas J. Seifert sold 59,130 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the completion of the sale, the chief financial officer directly owned 241,550 shares of the company’s stock, valued at $48,382,465. The trade was a 19.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 731,705 shares of company stock worth $138,296,322. 10.89% of the stock is currently owned by corporate 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.