Paradigm Asset Management Co. LLC Acquires Shares of 5,600 Cloudflare, Inc. $NET

Paradigm Asset Management Co. LLC bought a new position in shares of Cloudflare, Inc. (NYSE:NET) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,600 shares of the company’s stock, valued at approximately $1,097,000.

Several other hedge funds also recently made changes to their positions in NET. Daymark Wealth Partners LLC boosted its stake in shares of 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 buying an additional 51 shares during the period. Huntington National Bank increased its stake 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 acquiring an additional 52 shares during the period. ORG Partners LLC raised its holdings in Cloudflare by 11.9% in the 2nd quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after acquiring an additional 53 shares in the last quarter. Fiduciary Planning LLC raised its holdings in 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 acquiring an additional 54 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of Cloudflare by 1.9% during the 2nd quarter. Yousif Capital Management LLC now owns 4,044 shares of the company’s stock valued at $792,000 after acquiring an additional 75 shares during the period. 82.68% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on 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 Securities & Exchange Commission, which is available through this link. Also, insider Michelle Zatlyn sold 35,100 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $191.71, for a total value of $6,729,021.00. Following the completion of the sale, the insider owned 14,575 shares in the company, valued at $2,794,173.25. This trade represents a 70.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 638,060 shares of company stock valued at $133,217,328. Insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

NYSE:NET opened at $233.03 on Friday. The stock’s 50-day moving average is $220.49 and its 200-day moving average is $191.23. Cloudflare, Inc. has a 1-year low of $87.24 and a 1-year high of $260.00. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The stock has a market cap of $81.21 billion, a P/E ratio of -776.77 and a beta of 2.10.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $430.08 million during the quarter, compared to analyst estimates of $544.87 million. During the same quarter last year, the business earned $0.20 EPS. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NET. DZ Bank upgraded Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target on the stock in a research report on Wednesday. Stifel Nicolaus increased their price objective on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Needham & Company LLC raised their target price on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Cantor Fitzgerald boosted their target price on shares of Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Oppenheimer set a $260.00 price target on shares of Cloudflare and gave the stock an “outperform” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $234.16.

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.