B. Metzler seel. Sohn & Co. AG Reduces Stake in Cloudflare, Inc. $NET

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Cloudflare by 26.6%, selling 5,232 shares, leaving it with a total of 14,458 shares valued at approximately $1.63 million.
• A range of brokerages have increased their price targets for Cloudflare, with JMP Securities raising theirs to $225.00 and Wells Fargo increasing it to $250.00, indicating strong market confidence in the stock's performance.
• Cloudflare's CFO recently sold 41,555 shares at an average price of $190.64, while total insider sales in the last three months exceeded $138 million, suggesting significant insider activity.

B. Metzler seel. Sohn & Co. AG decreased its position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 26.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,458 shares of the company's stock after selling 5,232 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Cloudflare were worth $1,629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Silvant Capital Management LLC purchased a new stake in shares of Cloudflare in the 1st quarter worth approximately $2,178,000. Ieq Capital LLC grew its stake in shares of Cloudflare by 307.6% in the 1st quarter. Ieq Capital LLC now owns 14,860 shares of the company's stock worth $1,675,000 after buying an additional 11,214 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of Cloudflare by 3.7% in the 1st quarter. CreativeOne Wealth LLC now owns 7,237 shares of the company's stock worth $816,000 after buying an additional 255 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Cloudflare in the 1st quarter worth approximately $5,080,000. Finally, Bank of Hawaii purchased a new stake in shares of Cloudflare in the 1st quarter worth approximately $687,000. Hedge funds and other institutional investors own 82.68% of the company's stock.

Analyst Upgrades and Downgrades

NET has been the topic of several recent research reports. Bank of America upped their price target on Cloudflare from $235.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company increased their target price on Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Stifel Nicolaus increased their price target on Cloudflare from $175.00 to $230.00 and gave the company a "buy" rating in a report on Friday, August 1st. Robert W. Baird increased their price target on Cloudflare from $148.00 to $175.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, KeyCorp raised their target price on Cloudflare from $210.00 to $235.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $191.28.

Insider Transactions at Cloudflare

In related news, CFO Thomas J. Seifert sold 34,270 shares of Cloudflare stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $200.17, for a total value of $6,859,825.90. Following the completion of the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,351,063.50. This trade represents a 12.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the insider owned 14,575 shares of the company's stock, valued at approximately $2,794,173.25. This represents a 70.66% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 728,705 shares of company stock worth $137,798,322. 10.89% of the stock is currently owned by company insiders.

Cloudflare Price Performance

Shares of Cloudflare stock traded down $4.46 during trading on Monday, reaching $208.96. 2,095,088 shares of the stock traded hands, compared to its average volume of 2,356,969. The company has a market capitalization of $72.82 billion, a price-to-earnings ratio of -614.60 and a beta of 1.95. The business has a fifty day simple moving average of $196.66 and a two-hundred day simple moving average of $158.32. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. Cloudflare, Inc. has a 52-week low of $74.88 and a 52-week high of $219.00.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The business's quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. 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 expect that Cloudflare, Inc. will post -0.11 EPS for the current 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.