Realta Investment Advisors Grows Holdings in Cloudflare, Inc. $NET

Key Points

• Realta Investment Advisors increased its stake in Cloudflare, Inc. by 55.8% during the second quarter, now holding a total of 7,616 shares valued at approximately $1.49 million.
• Several institutional investors have also made significant purchases, with Vanguard Group's holdings growing to over 30.8 million shares, worth approximately $3.48 billion.
• CFO Thomas J. Seifert sold 59,130 shares on July 28th for approximately $11.84 million, representing a 19.67% decrease in his ownership of the stock.

Realta Investment Advisors increased its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 55.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,616 shares of the company's stock after buying an additional 2,727 shares during the period. Realta Investment Advisors' holdings in Cloudflare were worth $1,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Cloudflare by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company's stock valued at $3,475,011,000 after buying an additional 538,850 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cloudflare by 33.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company's stock worth $352,610,000 after purchasing an additional 786,063 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Cloudflare by 34.5% in the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company's stock worth $342,287,000 after acquiring an additional 779,819 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Cloudflare by 1.7% in the 1st quarter. Northern Trust Corp now owns 1,880,888 shares of the company's stock worth $211,957,000 after acquiring an additional 31,745 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Cloudflare by 8.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,321,208 shares of the company's stock worth $148,887,000 after buying an additional 99,448 shares during the period. 82.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Thomas J. Seifert sold 59,130 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $200.30, for a total value 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. This trade represents a 19.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michelle Zatlyn sold 35,100 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total value of $6,729,021.00. Following the completion of the sale, the insider directly 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. Over the last 90 days, insiders have sold 727,020 shares of company stock worth $146,028,939. Corporate insiders own 10.89% of the company's stock.

Cloudflare Trading Down 3.4%

NET stock opened at $216.95 on Friday. Cloudflare, Inc. has a 12 month low of $79.16 and a 12 month high of $230.10. The firm's 50-day moving average is $210.27 and its 200 day moving average is $171.81. The company has a market capitalization of $75.60 billion, a PE ratio of -638.08 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.

Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) 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 analyst estimates of $501.58 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm's quarterly 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. On average, research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NET. Cantor Fitzgerald increased their target price on shares of Cloudflare from $162.00 to $199.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. JMP Securities lifted their price target on shares of Cloudflare from $180.00 to $225.00 and gave the company a "market outperform" rating in a research report on Monday, July 28th. Scotiabank raised their price objective on Cloudflare from $135.00 to $200.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Robert W. Baird increased their price objective on shares of Cloudflare from $148.00 to $175.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company boosted their target price on Cloudflare from $225.00 to $250.00 and gave the stock an "overweight" 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 given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare has a consensus rating of "Hold" and an average 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.

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