Prime Capital Investment Advisors LLC Has $1.06 Million Stake in Cloudflare, Inc. $NET

Prime Capital Investment Advisors LLC lowered its stake in shares of Cloudflare, Inc. (NYSE:NET) by 16.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,391 shares of the company’s stock after selling 1,071 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Cloudflare were worth $1,056,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mather Group LLC. raised its position in 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 buying an additional 202 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Cloudflare in the 1st quarter worth $27,000. GPS Wealth Strategies Group LLC boosted its holdings in Cloudflare by 213.4% during the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock worth $29,000 after purchasing an additional 175 shares during the last quarter. Hilltop National Bank purchased a new position in Cloudflare during the second quarter worth about $36,000. Finally, Ameritas Advisory Services LLC purchased a new position in Cloudflare during the second quarter worth about $39,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

NET opened at $220.78 on Friday. The company has a market capitalization of $76.94 billion, a price-to-earnings ratio of -649.35 and a beta of 1.99. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. The firm has a 50-day moving average price of $211.72 and a 200-day moving average price of $174.20. Cloudflare, Inc. has a twelve month low of $84.48 and a twelve month high of $230.10.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $512.32 million during 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 for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Equities analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on NET. Cantor Fitzgerald lifted their target price on shares of Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. 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. Stifel Nicolaus upped their price objective on Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 1st. KeyCorp upped their price objective on Cloudflare from $210.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Robert W. Baird boosted their price target on shares of Cloudflare from $148.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $196.54.

Insider Activity

In related news, Director Carl Ledbetter sold 15,000 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $223.91, for a total transaction of $3,358,650.00. Following the sale, the director directly owned 1,013,073 shares in the company, valued at approximately $226,837,175.43. The trade was a 1.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $215.38, for a total value of $5,522,558.58. Following the sale, the insider owned 14,575 shares in the company, valued at approximately $3,139,163.50. The trade was a 63.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 673,534 shares of company stock valued at $137,405,454. 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.