Whittier Trust Co. Increases Holdings in Cloudflare, Inc. $NET

Whittier Trust Co. boosted its position in Cloudflare, Inc. (NYSE:NET) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,561 shares of the company’s stock after buying an additional 9,897 shares during the period. Whittier Trust Co.’s holdings in Cloudflare were worth $51,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Reliant Investment Partners LLC increased its stake in shares of Cloudflare by 1.5% in the third quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock worth $718,000 after acquiring an additional 50 shares during the period. Daymark Wealth Partners LLC boosted its holdings in Cloudflare by 1.1% in the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock valued at $892,000 after purchasing an additional 51 shares during the last quarter. Huntington National Bank grew its position in Cloudflare by 22.8% during the 2nd quarter. Huntington National Bank now owns 280 shares of the company’s stock worth $55,000 after purchasing an additional 52 shares during the period. ORG Partners LLC raised its stake in shares of Cloudflare by 11.9% during 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 during the last quarter. Finally, Fiduciary Planning LLC lifted its holdings in shares of Cloudflare by 3.0% in the 2nd quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock valued at $363,000 after buying an additional 54 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $195.32, for a total value of $10,231,642.88. Following the transaction, the chief executive officer owned 22,175 shares in the company, valued at approximately $4,331,221. This trade represents a 70.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michelle Zatlyn sold 35,099 shares of Cloudflare stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the sale, the insider directly owned 24,555 shares in the company, valued at approximately $4,892,829.30. This trade represents a 58.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 619,213 shares of company stock worth $122,370,244 over the last quarter. 10.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen raised Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday. Oppenheimer assumed coverage on shares of Cloudflare in a report on Monday, November 10th. They set an “outperform” rating and a $260.00 target price for the company. Citigroup lowered their price target on shares of Cloudflare from $318.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, Needham & Company LLC lifted their price objective on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $232.48.

Cloudflare Stock Performance

NET opened at $173.45 on Friday. The firm’s fifty day simple moving average is $195.24 and its two-hundred day simple moving average is $205.86. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a market cap of $60.76 billion, a price-to-earnings ratio of -578.17, a PEG ratio of 114.08 and a beta of 1.96. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The firm 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 earned $0.20 EPS. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its 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 fiscal year.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.