Bryce Point Capital LLC Takes Position in Cloudflare, Inc. $NET

Bryce Point Capital LLC acquired a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,161 shares of the company’s stock, valued at approximately $815,000.

A number of other hedge funds also recently modified their holdings of the business. Quaker Wealth Management LLC lifted its holdings in shares of Cloudflare by 218.6% in the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after purchasing an additional 306 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Cloudflare in the second quarter valued at $36,000. Ameritas Advisory Services LLC purchased a new stake in shares of Cloudflare in the second quarter valued at $39,000. Mather Group LLC. lifted its holdings in shares of Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after purchasing an additional 202 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Cloudflare in the second quarter valued at $45,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

NYSE NET opened at $247.92 on Tuesday. Cloudflare, Inc. has a fifty-two week low of $85.60 and a fifty-two week high of $260.00. The stock’s 50-day moving average is $218.61 and its two-hundred day moving average is $188.92. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $86.39 billion, a P/E ratio of -826.39 and a beta of 2.10.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $430.08 million for the quarter, compared to analyst estimates of $544.87 million. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NET has been the subject of a number of research analyst reports. KeyCorp increased their target price on Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company increased their target price on Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler increased their target price on Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a report on Friday. Oppenheimer set a $260.00 target price on Cloudflare and gave the company an “outperform” rating in a report on Friday. Finally, Robert W. Baird set a $220.00 target price on Cloudflare in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $231.48.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 35,100 shares of Cloudflare stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $191.71, for a total value of $6,729,021.00. Following the transaction, the insider directly owned 14,575 shares in the company, valued at approximately $2,794,173.25. The trade was a 70.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 635,060 shares of company stock worth $132,450,738 over the last three months. Corporate 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.