Vise Technologies Inc. Makes New $1.17 Million Investment in Cloudflare, Inc. $NET

Vise Technologies Inc. purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,985 shares of the company’s stock, valued at approximately $1,172,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Cloudflare by 7.7% during the second quarter. Allworth Financial LP now owns 2,994 shares of the company’s stock worth $586,000 after purchasing an additional 213 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Cloudflare in the 2nd quarter valued at $204,000. Prescott Group Capital Management L.L.C. grew its holdings in shares of Cloudflare by 100.0% in the second quarter. Prescott Group Capital Management L.L.C. now owns 48,000 shares of the company’s stock valued at $9,400,000 after purchasing an additional 24,000 shares in the last quarter. Acadian Asset Management LLC increased its stake in Cloudflare by 925.4% during the 2nd quarter. Acadian Asset Management LLC now owns 127,677 shares of the company’s stock worth $25,000,000 after buying an additional 115,225 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Cloudflare by 9.4% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 269,988 shares of the company’s stock valued at $52,872,000 after buying an additional 23,127 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

Shares of Cloudflare stock traded down $4.21 during trading on Thursday, hitting $221.47. The stock had a trading volume of 95,834 shares, compared to its average volume of 3,297,908. Cloudflare, Inc. has a fifty-two week low of $87.77 and a fifty-two week high of $260.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $77.58 billion, a P/E ratio of -738.82 and a beta of 2.10. The business has a fifty day moving average of $222.05 and a two-hundred day moving average of $194.25.

Cloudflare (NYSE:NET) last posted 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. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm had revenue of $430.08 million during the quarter, compared to analyst estimates of $544.87 million. During the same period in the previous year, the company earned $0.20 EPS. The company’s revenue for the quarter 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. On average, sell-side analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer directly owned 189,517 shares in the company, valued at $40,141,595.77. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carl Ledbetter sold 15,000 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.65, for a total value of $3,159,750.00. Following the sale, the director owned 998,073 shares of the company’s stock, valued at approximately $210,244,077.45. This represents a 1.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 638,060 shares of company stock worth $133,217,328. Insiders own 10.89% of the company’s stock.

Analysts Set New Price Targets

NET has been the subject of several research analyst reports. Citizens Jmp increased their price objective on Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. Robert W. Baird set a $220.00 target price on shares of Cloudflare in a report on Friday, October 31st. Royal Bank Of Canada lifted their price objective on Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Morgan Stanley raised their target price on Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Scotiabank boosted their price objective on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.