Orion Porfolio Solutions LLC Has $2.73 Million Stock Holdings in Cloudflare, Inc. $NET

Orion Porfolio Solutions LLC grew its stake in shares of Cloudflare, Inc. (NYSE:NET) by 119.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 13,957 shares of the company’s stock after acquiring an additional 7,585 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Cloudflare were worth $2,733,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Daymark Wealth Partners LLC lifted its position in Cloudflare by 1.1% during the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares during the period. Huntington National Bank raised its position in shares of Cloudflare by 22.8% in the 2nd quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after buying an additional 52 shares in the last quarter. ORG Partners LLC raised its position in shares of Cloudflare by 11.9% in the 2nd quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after buying an additional 53 shares in the last quarter. Fiduciary Planning LLC lifted its holdings in shares of Cloudflare by 3.0% during the 2nd quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after acquiring an additional 54 shares during the period. Finally, Ossiam boosted its position in shares of Cloudflare by 2.0% during the 2nd quarter. Ossiam now owns 3,343 shares of the company’s stock worth $655,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the subject of several research analyst reports. Piper Sandler boosted their price objective on shares of Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. KeyCorp boosted their price target on Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Argus raised their price objective on Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Stifel Nicolaus lifted their target price on Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Robert W. Baird set a $230.00 target price on shares of Cloudflare in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $234.78.

Cloudflare Price Performance

Cloudflare stock opened at $193.75 on Friday. The stock has a 50-day moving average price of $211.93 and a two-hundred day moving average price of $204.12. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a market capitalization of $67.87 billion, a PE ratio of -645.83 and a beta of 1.94. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last released its quarterly earnings data 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. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The firm’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Activity

In other news, insider Michelle Zatlyn sold 35,099 shares of Cloudflare stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the transaction, the insider owned 24,555 shares in the company, valued at approximately $4,892,829.30. The trade was a 58.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $215.51, for a total transaction of $11,289,275.84. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 692,330 shares of company stock valued at $142,993,749. Insiders own 10.89% of the company’s stock.

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.