Callan Family Office LLC Takes $926,000 Position in Cloudflare, Inc. $NET

Callan Family Office LLC acquired a new stake in Cloudflare, Inc. (NYSE:NET) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,731 shares of the company’s stock, valued at approximately $926,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NET. NBC Securities Inc. acquired a new position in shares of Cloudflare in the 1st quarter valued at about $27,000. Yousif Capital Management LLC lifted its stake in shares of Cloudflare by 2.5% in the 1st quarter. Yousif Capital Management LLC now owns 3,969 shares of the company’s stock valued at $447,000 after purchasing an additional 98 shares during the period. GAMMA Investing LLC lifted its stake in shares of Cloudflare by 86.8% in the 1st quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock valued at $123,000 after purchasing an additional 508 shares during the period. SG Americas Securities LLC lifted its stake in shares of Cloudflare by 62.4% in the 1st quarter. SG Americas Securities LLC now owns 15,695 shares of the company’s stock valued at $1,769,000 after purchasing an additional 6,030 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Cloudflare by 35.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 6,458 shares of the company’s stock valued at $728,000 after purchasing an additional 1,677 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $213.95 on Monday. Cloudflare, Inc. has a one year low of $85.60 and a one year high of $230.10. The firm has a market capitalization of $74.56 billion, a price-to-earnings ratio of -629.26 and a beta of 1.99. The business has a 50-day simple moving average of $211.99 and a 200 day simple moving average of $175.57. 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 issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NET has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Morgan Stanley boosted their target price on Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Cantor Fitzgerald boosted their target price on Cloudflare from $162.00 to $199.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Finally, Robert W. Baird boosted their target price on Cloudflare from $148.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.54.

Insider Activity

In other Cloudflare news, Director Carl Ledbetter sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 1,013,073 shares of the company’s stock, valued at approximately $226,837,175.43. The trade was a 1.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas James Kramer sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $213.48, for a total value of $1,921,320.00. Following the sale, the insider directly owned 132,185 shares of the company’s stock, valued at $28,218,853.80. This represents a 6.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 673,534 shares of company stock worth $137,405,454. Company insiders own 10.89% of the company’s stock.

About Cloudflare

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.