Callan Family Office LLC Makes New Investment in Cloudflare, Inc. $NET

Key Points

• Callan Family Office LLC has made a new investment in Cloudflare, acquiring 4,731 shares valued at approximately $926,000.
• Institutional ownership of Cloudflare stands at 82.68%, with several hedge funds increasing their stakes during the second quarter.
• Analysts have mixed ratings for Cloudflare, with a consensus rating of "Moderate Buy", and price targets ranging from $196.54 to $240.00.

Callan Family Office LLC acquired a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,731 shares of the company's stock, valued at approximately $926,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank bought a new position in Cloudflare during the 2nd quarter worth $36,000. Ameritas Advisory Services LLC bought a new position in shares of Cloudflare in the 2nd quarter valued at $39,000. Mather Group LLC. increased its stake in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company's stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Cloudflare in the 1st quarter valued at $27,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Cloudflare by 213.4% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock valued at $29,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 82.68% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NET shares. Piper Sandler lifted their price target on Cloudflare from $151.00 to $224.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Morgan Stanley lifted their price target on Cloudflare from $225.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cloudflare in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on Cloudflare from $210.00 to $228.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Mizuho lifted their price target on Cloudflare from $220.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.54.

Insider Buying and Selling

In other Cloudflare news, CFO Thomas J. Seifert sold 59,130 shares of Cloudflare stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the transaction, the chief financial officer directly owned 241,550 shares of the company's stock, valued at approximately $48,382,465. The trade was a 19.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michelle Zatlyn sold 35,100 shares of Cloudflare stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $191.71, for a total value of $6,729,021.00. Following the transaction, the insider directly owned 14,575 shares in the company, valued at $2,794,173.25. The trade was a 70.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 673,534 shares of company stock valued at $137,405,454 over the last 90 days. 10.89% of the stock is owned by corporate insiders.

Cloudflare Trading Down 3.2%

NYSE NET opened at $213.95 on Monday. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. Cloudflare, Inc. has a twelve month low of $85.60 and a twelve month high of $230.10. The company has a market cap of $74.56 billion, a price-to-earnings ratio of -629.26 and a beta of 1.99. The business's fifty day moving average is $211.99 and its 200 day moving average is $175.57.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. During the same quarter last year, the business posted $0.20 EPS. Cloudflare's revenue for the quarter was up 27.8% on a year-over-year basis. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. As a group, sell-side analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

About Cloudflare

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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