Cloudflare, Inc. $NET Stock Holdings Lessened by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. significantly reduced its stake in Cloudflare, selling 17,414 shares and bringing its total holdings down to 3,115 shares, valued at $351,000.
• Institutional investors collectively own 82.68% of Cloudflare's stock, with notable increases from Vanguard Group Inc. (1.8%) and Northern Trust Corp (13.5%) in the first quarter.
• Despite fluctuations, Cloudflare reported a 27.8% increase in quarterly revenue year-over-year, reaching $512.32 million, and exceeded earnings expectations with $0.21 EPS.

Fox Run Management L.L.C. lowered its holdings in Cloudflare, Inc. (NYSE:NET - Free Report) by 84.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,115 shares of the company's stock after selling 17,414 shares during the period. Fox Run Management L.L.C.'s holdings in Cloudflare were worth $351,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Oak Ridge Investments LLC increased its position in shares of Cloudflare by 25.0% in the first quarter. Oak Ridge Investments LLC now owns 57,037 shares of the company's stock worth $6,428,000 after acquiring an additional 11,410 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in shares of Cloudflare by 67.7% in the first quarter. Vestmark Advisory Solutions Inc. now owns 6,964 shares of the company's stock worth $785,000 after acquiring an additional 2,812 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Cloudflare during the 1st quarter valued at $79,000. Resona Asset Management Co. Ltd. grew its holdings in Cloudflare by 1.3% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 96,411 shares of the company's stock valued at $10,900,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its holdings in Cloudflare by 217.7% during the 1st quarter. Motley Fool Asset Management LLC now owns 16,061 shares of the company's stock valued at $1,810,000 after purchasing an additional 11,006 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.

Cloudflare Stock Up 1.6%

NYSE NET traded up $3.1630 during trading hours on Friday, reaching $195.9330. 1,416,685 shares of the company traded hands, compared to its average volume of 2,974,580. Cloudflare, Inc. has a 12 month low of $74.88 and a 12 month high of $219.00. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $68.28 billion, a PE ratio of -576.27 and a beta of 1.84. The company has a 50 day moving average of $193.75 and a two-hundred day moving average of $156.82.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The firm had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm's revenue was up 27.8% compared to the same quarter last year. 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, equities analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Activity at Cloudflare

In other news, insider Michelle Zatlyn sold 25,642 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $173.00, for a total value of $4,436,066.00. Following the transaction, the insider directly owned 6,390 shares in the company, valued at approximately $1,105,470. This trade represents a 80.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas J. Seifert sold 59,130 shares of the firm's 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 completion of the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,382,465. The trade was a 19.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 630,323 shares of company stock valued at $118,661,105. 10.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NET shares. Stifel Nicolaus raised their price target on shares of Cloudflare from $175.00 to $230.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wells Fargo & Company raised their price target on shares of Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Needham & Company LLC raised their price target on shares of Cloudflare from $200.00 to $240.00 and gave the company a "buy" rating in a report on Friday, August 1st. CICC Research raised shares of Cloudflare from a "market perform" rating to an "outperform" rating and set a $154.00 price target for the company in a report on Monday, May 12th. Finally, Piper Sandler raised their price target on shares of Cloudflare from $151.00 to $224.00 and gave the company a "neutral" rating in a report on Friday, August 1st. One research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $191.28.

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.