1,337 Shares in Cloudflare, Inc. $NET Acquired by Revisor Wealth Management LLC

Key Points

• Revisor Wealth Management LLC acquired 1,337 shares of Cloudflare, Inc. valued at approximately $243,000 in Q2, indicating growing institutional interest in the cybersecurity sector.
• Insider trading activity showed significant sell-offs, with CEO Matthew Prince selling 52,384 shares, which represented a 12.08% decrease in his ownership stake.
• Cloudflare's stock recently opened at $223.49 and has seen a 1-year high of $230.10, with analysts maintaining a generally positive outlook evidenced by multiple price target increases.

Revisor Wealth Management LLC bought a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,337 shares of the company's stock, valued at approximately $243,000.

A number of other large investors have also recently added to or reduced their stakes in NET. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company's stock worth $352,610,000 after buying an additional 786,063 shares in the last quarter. Nuveen LLC acquired a new position in Cloudflare in the 1st quarter worth approximately $88,203,000. American Century Companies Inc. boosted its stake in Cloudflare by 34.5% in the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company's stock worth $342,287,000 after purchasing an additional 779,819 shares during the period. Raymond James Financial Inc. boosted its stake in Cloudflare by 129.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company's stock worth $123,647,000 after purchasing an additional 619,526 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Cloudflare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company's stock worth $3,475,011,000 after purchasing an additional 538,850 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 35,100 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the transaction, the insider owned 14,575 shares in the company, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $184.58, for a total transaction of $9,669,038.72. Following the completion of the transaction, the chief executive officer owned 381,213 shares in the company, valued at $70,364,295.54. The trade was a 12.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 690,738 shares of company stock worth $137,603,592 over the last quarter. Company insiders own 10.89% of the company's stock.

Cloudflare Stock Down 2.1%

Cloudflare stock opened at $223.49 on Wednesday. The company has a market capitalization of $77.88 billion, a P/E ratio of -657.33 and a beta of 1.95. The firm's fifty day simple moving average is $206.29 and its 200-day simple moving average is $166.18. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. Cloudflare, Inc. has a 1-year low of $77.80 and a 1-year high of $230.10.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The business had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. Cloudflare's revenue for the quarter was up 27.8% on a year-over-year basis. 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. Sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on NET. Mizuho raised their price objective on shares of Cloudflare from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Bank of America raised their price objective on shares of Cloudflare from $235.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Cantor Fitzgerald raised their price objective on shares of Cloudflare from $162.00 to $199.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Guggenheim raised their price objective on shares of Cloudflare from $70.00 to $111.00 and gave the stock a "sell" rating in a research note on Friday, August 1st. Finally, Piper Sandler raised their price objective on shares of Cloudflare from $151.00 to $224.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $191.28.

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.

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