Main Management ETF Advisors LLC Buys 408 Shares of Cloudflare, Inc. $NET

Main Management ETF Advisors LLC increased its stake in Cloudflare, Inc. (NYSE:NET) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,922 shares of the company’s stock after purchasing an additional 408 shares during the period. Cloudflare makes up 0.2% of Main Management ETF Advisors LLC’s holdings, making the stock its 20th biggest holding. Main Management ETF Advisors LLC’s holdings in Cloudflare were worth $4,880,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westfield Capital Management Co. LP acquired a new position in shares of Cloudflare in the 2nd quarter valued at approximately $87,868,000. Real Talk Capital LLC acquired a new position in Cloudflare during the second quarter valued at approximately $240,000. Artisan Partners Limited Partnership lifted its stake in Cloudflare by 61.1% during the second quarter. Artisan Partners Limited Partnership now owns 773,192 shares of the company’s stock worth $151,414,000 after purchasing an additional 293,189 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Cloudflare by 6.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,593 shares of the company’s stock valued at $295,000 after purchasing an additional 101 shares in the last quarter. Finally, Portside Wealth Group LLC bought a new position in shares of Cloudflare in the 2nd quarter valued at $427,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Down 0.1%

Shares of NYSE NET opened at $196.30 on Thursday. The firm has a 50 day moving average price of $220.77 and a two-hundred day moving average price of $197.11. The stock has a market cap of $68.76 billion, a P/E ratio of -654.32 and a beta of 2.10. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. Cloudflare’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. 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, equities analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Transactions at Cloudflare

In related news, Director Katrin Suder sold 2,031 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $196.38, for a total value of $398,847.78. Following the sale, the director directly owned 39,754 shares in the company, valued at $7,806,890.52. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Janel Riley sold 3,488 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $196.51, for a total transaction of $685,426.88. Following the sale, the chief accounting officer directly owned 56,144 shares of the company’s stock, valued at $11,032,857.44. This represents a 5.85% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 583,955 shares of company stock worth $123,647,846. 10.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NET shares. Citizens Jmp raised their price objective on Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Cantor Fitzgerald lifted their price target on shares of Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. KeyCorp increased their price objective on shares of Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Argus boosted their target price on shares of Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Finally, UBS Group increased their price target on Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $235.35.

Cloudflare Company 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.