Virtue Capital Management LLC Sells 1,573 Shares of Cloudflare, Inc. $NET

Virtue Capital Management LLC lessened its position in Cloudflare, Inc. (NYSE:NET) by 17.6% during the 2nd quarter, Holdings Channel reports. The firm owned 7,376 shares of the company’s stock after selling 1,573 shares during the quarter. Virtue Capital Management LLC’s holdings in Cloudflare were worth $1,444,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AE Wealth Management LLC acquired a new position in Cloudflare in the first quarter valued at about $212,000. HB Wealth Management LLC acquired a new position in shares of Cloudflare in the 1st quarter worth approximately $349,000. TD Asset Management Inc boosted its holdings in shares of Cloudflare by 3.7% in the 1st quarter. TD Asset Management Inc now owns 81,488 shares of the company’s stock worth $9,183,000 after acquiring an additional 2,912 shares in the last quarter. Mackenzie Financial Corp grew its position in Cloudflare by 23.5% during the 1st quarter. Mackenzie Financial Corp now owns 18,088 shares of the company’s stock worth $2,038,000 after acquiring an additional 3,447 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its holdings in Cloudflare by 52.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 4,466 shares of the company’s stock valued at $503,000 after purchasing an additional 1,546 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Stock Performance

Cloudflare stock opened at $197.32 on Friday. 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, Inc. has a 1 year low of $89.42 and a 1 year high of $260.00. The company has a market cap of $69.12 billion, a PE ratio of -657.73 and a beta of 2.10. The company’s 50-day moving average is $217.46 and its two-hundred day moving average is $199.48.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. Cloudflare’s revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Activity

In other news, CAO Janel Riley sold 3,488 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $196.51, for a total value of $685,426.88. Following the transaction, the chief accounting officer directly owned 56,144 shares in the company, valued at $11,032,857.44. This trade represents a 5.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Katrin Suder sold 2,031 shares of Cloudflare stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $196.38, for a total value of $398,847.78. Following the sale, the director directly owned 39,754 shares of the company’s stock, valued at approximately $7,806,890.52. This trade represents a 4.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 645,609 shares of company stock worth $135,476,411. Corporate insiders own 10.89% of the company’s stock.

Analyst Upgrades and Downgrades

NET has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Citigroup upped their price target on shares of Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen raised shares of Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. DZ Bank raised shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 target price for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.35.

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.