Cloudflare, Inc. $NET Shares Sold by Souders Financial Advisors

Souders Financial Advisors decreased its position in shares of Cloudflare, Inc. (NYSE:NET) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,154 shares of the company’s stock after selling 607 shares during the quarter. Souders Financial Advisors’ holdings in Cloudflare were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NET. Wealthedge Investment Advisors LLC raised its position in Cloudflare by 64.5% in the first quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock valued at $1,367,000 after purchasing an additional 4,755 shares during the period. American Century Companies Inc. lifted its position in Cloudflare by 34.5% in the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after buying an additional 779,819 shares during the last quarter. Motley Fool Asset Management LLC boosted its stake in Cloudflare by 10.5% during the second quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock worth $3,476,000 after buying an additional 1,691 shares during the period. Independent Solutions Wealth Management LLC increased its position in shares of Cloudflare by 293.3% during the second quarter. Independent Solutions Wealth Management LLC now owns 15,059 shares of the company’s stock valued at $2,949,000 after acquiring an additional 11,230 shares during the last quarter. Finally, Castle Rock Wealth Management LLC raised its stake in shares of Cloudflare by 10.5% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,943 shares of the company’s stock valued at $2,568,000 after acquiring an additional 1,229 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $226.46, for a total transaction of $11,862,880.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the completion of the transaction, the chief financial officer owned 189,517 shares in the company, valued at $36,129,520.88. This represents a 17.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 638,060 shares of company stock worth $133,217,328. 10.89% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NET shares. Oppenheimer set a $260.00 price objective on shares of Cloudflare and gave the stock an “outperform” rating in a research report on Friday, October 31st. Jefferies Financial Group assumed coverage on Cloudflare in a research note on Friday, October 31st. They issued a “hold” rating and a $250.00 price objective for the company. Citizens Jmp increased their target price on Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, October 31st. Cantor Fitzgerald raised their target price on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Piper Sandler boosted their price target on shares of Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $234.16.

Cloudflare Stock Down 1.0%

Shares of Cloudflare stock opened at $226.27 on Friday. 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, Inc. has a 52-week low of $87.24 and a 52-week high of $260.00. The company has a market capitalization of $78.85 billion, a P/E ratio of -754.23 and a beta of 2.10. The company has a 50 day moving average of $220.01 and a 200 day moving average of $190.32.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $430.08 million during the quarter, compared to analysts’ expectations of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period 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. As a group, research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Cloudflare 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.