Cwm LLC Buys 4,163 Shares of Cloudflare, Inc. $NET

Key Points

• Cwm LLC increased its stake in Cloudflare by 35.6%, acquiring an additional 4,163 shares, bringing its total holdings to 15,855 shares valued at approximately $3,105,000.
• Insiders, including CEO Matthew Prince and Michelle Zatlyn, sold over 87,000 shares recently, indicating a significant decrease in their ownership positions by more than 70% each.
• Cloudflare's stock received multiple target price increases from analysts, with figures ranging from $200.00 to $255.00, reflecting a generally positive outlook despite some mixed ratings among analysts.

Cwm LLC raised its stake in Cloudflare, Inc. (NYSE:NET - Free Report) by 35.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,855 shares of the company's stock after acquiring an additional 4,163 shares during the quarter. Cwm LLC's holdings in Cloudflare were worth $3,105,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NET. Mather Group LLC. raised its holdings in 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 acquiring an additional 202 shares during the period. Hilltop National Bank acquired a new position in shares of Cloudflare during the 2nd quarter worth approximately $36,000. Ameritas Advisory Services LLC acquired a new position in shares of Cloudflare during the 2nd quarter worth approximately $39,000. Fifth Third Bancorp grew its position in shares of Cloudflare by 88.5% during the 1st quarter. Fifth Third Bancorp now owns 441 shares of the company's stock worth $50,000 after purchasing an additional 207 shares in the last quarter. Finally, ORG Partners LLC grew its position in shares of Cloudflare by 264.8% during the 1st quarter. ORG Partners LLC now owns 445 shares of the company's stock worth $51,000 after purchasing an additional 323 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on NET shares. Scotiabank increased their target price on shares of Cloudflare from $135.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. JMP Securities increased their target price on shares of Cloudflare from $180.00 to $225.00 and gave the stock a "market outperform" rating in a research report on Monday, July 28th. Weiss Ratings restated a "sell (d-)" rating on shares of Cloudflare in a research report on Wednesday, October 8th. Citigroup increased their price target on shares of Cloudflare from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, Needham & Company LLC increased their price target on shares of Cloudflare from $200.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Cloudflare presently has an average rating of "Moderate Buy" and an average price target of $196.54.

Insider Activity 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $200.43, for a total transaction of $10,499,325.12. Following the transaction, the chief executive officer directly owned 20,111 shares of the company's stock, valued at $4,030,847.73. The trade was a 72.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 729,540 shares of company stock worth $150,883,922 in the last 90 days. 10.89% of the stock is currently owned by company insiders.

Cloudflare Price Performance

Shares of NYSE:NET opened at $209.94 on Friday. The company has a market cap of $73.16 billion, a price-to-earnings ratio of -617.47 and a beta of 1.99. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The firm has a 50 day simple moving average of $212.65 and a 200 day simple moving average of $178.22. Cloudflare, Inc. has a one year low of $85.60 and a one year high of $230.10.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $512.32 million during 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%. The firm's revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior 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. Research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

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.

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