Cloudflare, Inc. $NET Shares Bought by Realta Investment Advisors

Realta Investment Advisors grew its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 55.8% in the second quarter, Holdings Channel reports. The institutional investor owned 7,616 shares of the company’s stock after purchasing an additional 2,727 shares during the period. Realta Investment Advisors’ holdings in Cloudflare were worth $1,491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NET. Wellington Management Group LLP raised its holdings in shares of Cloudflare by 47.0% in the fourth quarter. Wellington Management Group LLP now owns 5,930 shares of the company’s stock valued at $639,000 after buying an additional 1,896 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Cloudflare by 20,954.7% in the 1st quarter. GAMMA Investing LLC now owns 123,170 shares of the company’s stock worth $13,880,000 after buying an additional 122,585 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Cloudflare during the 1st quarter worth approximately $27,000. Merit Financial Group LLC acquired a new position in shares of Cloudflare during the 1st quarter worth approximately $277,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Cloudflare during the 1st quarter worth about $235,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity at Cloudflare

In other news, insider Michelle Zatlyn sold 35,100 shares of Cloudflare stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the completion of the sale, the insider owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas J. Seifert sold 59,130 shares of Cloudflare stock in a transaction on Monday, July 28th. The stock was sold at an average price of $200.30, for a total value of $11,843,739.00. Following the sale, the chief financial officer directly owned 241,550 shares of the company’s stock, valued at $48,382,465. This represents a 19.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 727,020 shares of company stock valued at $146,028,939 in the last ninety days. Company insiders own 10.89% of the company’s stock.

Analyst Upgrades and Downgrades

NET has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. DZ Bank reissued a “sell” rating and issued a $170.00 target price on shares of Cloudflare in a research report on Tuesday, July 22nd. Mizuho upped their price target on shares of Cloudflare from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Needham & Company LLC lifted their price objective on shares of Cloudflare from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald upped their target price on Cloudflare from $162.00 to $199.00 and gave the company a “neutral” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $191.28.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $216.95 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. Cloudflare, Inc. has a twelve month low of $79.16 and a twelve month high of $230.10. The firm has a market cap of $75.60 billion, a PE ratio of -638.08 and a beta of 1.99. The business has a fifty day moving average of $210.27 and a 200-day moving average of $171.81.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The business had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. Cloudflare’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, equities research analysts predict 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.