Atlatl Advisers LLC Has $619,000 Holdings in Cloudflare, Inc. $NET

Atlatl Advisers LLC lifted its holdings in Cloudflare, Inc. (NYSE:NET) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,160 shares of the company’s stock after acquiring an additional 90 shares during the quarter. Atlatl Advisers LLC’s holdings in Cloudflare were worth $619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NET. GAMMA Investing LLC boosted its holdings in shares of Cloudflare by 86.8% in the 1st quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock worth $123,000 after acquiring an additional 508 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Cloudflare by 6.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,344 shares of the company’s stock worth $1,842,000 after purchasing an additional 1,059 shares during the last quarter. International Assets Investment Management LLC raised its position in Cloudflare by 12.6% in the 1st quarter. International Assets Investment Management LLC now owns 2,381 shares of the company’s stock worth $268,000 after purchasing an additional 266 shares during the last quarter. Spire Wealth Management raised its position in Cloudflare by 11.0% in the 1st quarter. Spire Wealth Management now owns 962 shares of the company’s stock worth $108,000 after purchasing an additional 95 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its position in Cloudflare by 127.9% in the 1st quarter. Perigon Wealth Management LLC now owns 27,600 shares of the company’s stock worth $3,110,000 after purchasing an additional 15,487 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Stock Performance

NET stock opened at $218.10 on Friday. The business’s fifty day moving average is $214.12 and its 200-day moving average is $182.61. 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 company has a market cap of $76.00 billion, a P/E ratio of -641.46 and a beta of 1.99. Cloudflare, Inc. has a twelve month low of $85.60 and a twelve month high of $230.10.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business 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. Equities research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michelle Zatlyn sold 25,641 shares of the company’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 completion of the sale, the insider owned 14,575 shares in the company, valued at $3,139,163.50. This represents a 63.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $211.81, for a total transaction of $2,118,100.00. Following the completion of the sale, the chief financial officer owned 189,517 shares of the company’s stock, valued at approximately $40,141,595.77. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 708,670 shares of company stock worth $147,000,646 over the last 90 days. 10.89% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NET. Scotiabank boosted their price objective on shares of Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. UBS Group boosted their price objective on shares of Cloudflare from $215.00 to $240.00 and gave the stock a “neutral” rating in a research report on Tuesday. Robert W. Baird boosted their price objective on shares of Cloudflare from $148.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Guggenheim restated a “sell” rating on shares of Cloudflare in a research report on Tuesday. Finally, JMP Securities boosted their price objective on shares of Cloudflare from $180.00 to $225.00 and gave the stock a “market outperform” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.21.

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.