2,026 Shares in Cloudflare, Inc. $NET Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. purchased a new stake in Cloudflare, Inc. (NYSE:NET) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,026 shares of the company’s stock, valued at approximately $397,000.

Several other hedge funds have also bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after purchasing an additional 786,063 shares in the last quarter. Nuveen LLC purchased a new position in Cloudflare in the first quarter valued at $88,203,000. American Century Companies Inc. raised its position in shares of Cloudflare by 34.5% in the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after acquiring an additional 779,819 shares during the period. Raymond James Financial Inc. raised its position in shares of Cloudflare by 129.7% in the first quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company’s stock worth $123,647,000 after acquiring an additional 619,526 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Cloudflare by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock worth $3,475,011,000 after acquiring an additional 538,850 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Buying and Selling

In related news, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $211.81, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark J. Hawkins sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $254.15, for a total transaction of $254,150.00. Following the sale, the director owned 10,990 shares of the company’s stock, valued at approximately $2,793,108.50. The trade was a 8.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 638,060 shares of company stock worth $133,217,328 over the last quarter. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Up 3.2%

Shares of NYSE NET opened at $233.03 on Friday. The stock has a market cap of $81.21 billion, a PE ratio of -776.77 and a beta of 2.10. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a 12-month low of $87.24 and a 12-month high of $260.00. The company has a 50-day moving average of $220.49 and a 200 day moving average of $191.82.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $544.87 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $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, sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

NET has been the subject of a number of analyst reports. UBS Group upped their price target on Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup upped their target price on Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Oppenheimer set a $260.00 target price on Cloudflare and gave the company an “outperform” rating in a research report on Friday, October 31st. Citizens Jmp boosted their price target on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. Finally, Cantor Fitzgerald upped their price target on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.