Qtron Investments LLC Has $315,000 Holdings in Cloudflare, Inc. $NET

Key Points

• Qtron Investments LLC reduced its stake in Cloudflare, Inc. by 51.5%, selling 2,965 shares and now holding 2,793 shares valued at approximately $315,000.
• A number of institutional investors made significant changes in their holdings during the first quarter, with Mather Group LLC increasing its position by 1,188.2% and Global Financial Private Client LLC growing its stake by 38,100%.
• Recent analyst ratings for Cloudflare have mostly been positive, with Capital One Financial upgrading the stock to a "strong-buy" and various analysts raising their price targets substantially.

Qtron Investments LLC cut its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 51.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,793 shares of the company's stock after selling 2,965 shares during the quarter. Qtron Investments LLC's holdings in Cloudflare were worth $315,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in Cloudflare by 121.1% during the fourth quarter. NewEdge Advisors LLC now owns 9,770 shares of the company's stock valued at $1,052,000 after purchasing an additional 5,352 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cloudflare by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 361,607 shares of the company's stock valued at $38,943,000 after buying an additional 18,457 shares during the period. Ossiam increased its stake in shares of Cloudflare by 9.7% in the fourth quarter. Ossiam now owns 3,514 shares of the company's stock worth $378,000 after acquiring an additional 310 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Cloudflare by 7.7% during the fourth quarter. MML Investors Services LLC now owns 30,658 shares of the company's stock worth $3,301,000 after acquiring an additional 2,186 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Cloudflare by 184.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the company's stock valued at $274,000 after purchasing an additional 1,651 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.

Cloudflare Stock Performance

Shares of NYSE:NET traded up $3.1630 during trading on Friday, hitting $195.9330. 1,416,685 shares of the stock were exchanged, compared to its average volume of 2,974,580. The company has a market capitalization of $68.28 billion, a price-to-earnings ratio of -576.27 and a beta of 1.84. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. Cloudflare, Inc. has a 1-year low of $74.88 and a 1-year high of $219.00. The company's fifty day simple moving average is $193.75 and its 200-day simple moving average is $156.82.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, topping 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 quarter in the previous year, the company earned $0.20 earnings per share. The business'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. Sell-side analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 25,642 shares of Cloudflare stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $173.00, for a total transaction of $4,436,066.00. Following the sale, the insider directly owned 6,390 shares of the company's stock, valued at approximately $1,105,470. The trade was a 80.05% decrease in their ownership of the stock. 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 stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $171.25, for a total value of $8,970,760.00. Following the completion of the transaction, the chief executive officer directly owned 381,213 shares of the company's stock, valued at approximately $65,282,726.25. 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 630,323 shares of company stock worth $118,661,105 in the last three months. 10.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NET has been the subject of a number of recent research reports. Stifel Nicolaus raised their price target on Cloudflare from $175.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Bank of America raised their price target on shares of Cloudflare from $235.00 to $240.00 and gave the company a "buy" rating in a report on Friday, August 1st. CICC Research upgraded Cloudflare from a "market perform" rating to an "outperform" rating and set a $154.00 target price on the stock in a report on Monday, May 12th. Robert W. Baird increased their price objective on Cloudflare from $148.00 to $175.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Needham & Company LLC upped their target price on 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 assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare presently has an average rating of "Moderate Buy" and a consensus target price of $191.28.

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.