Teamwork Financial Advisors LLC Purchases New Position in Cloudflare, Inc. $NET

Key Points

• Teamwork Financial Advisors LLC has acquired a new stake in Cloudflare, Inc., purchasing 1,959 shares valued at approximately $384,000 during the 2nd quarter.
• Insider transactions include Director John Graham-Cumming selling 10,215 shares for over $2 million, and CFO Thomas J. Seifert selling 41,555 shares valued at nearly $8 million, reflecting significant changes in insider ownership.
• Cloudflare's latest earnings report showed revenue growth of 27.8% year-over-year, with a quarterly EPS of $0.21 exceeding analysts' expectations of $0.18.

Teamwork Financial Advisors LLC purchased a new stake in Cloudflare, Inc. (NYSE:NET - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,959 shares of the company's stock, valued at approximately $384,000.

Several other institutional investors have also modified their holdings of the stock. Mather Group LLC. boosted its holdings in shares of 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 buying an additional 202 shares in the last quarter. NBC Securities Inc. purchased a new stake in Cloudflare in the first quarter valued at $27,000. GPS Wealth Strategies Group LLC boosted its stake in Cloudflare by 213.4% in the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock valued at $29,000 after acquiring an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cloudflare by 115.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock worth $30,000 after purchasing an additional 142 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Cloudflare during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 82.68% of the company's stock.

Insider Transactions at Cloudflare

In other news, Director John Graham-Cumming sold 10,215 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $206.32, for a total value of $2,107,558.80. Following the completion of the sale, the director directly owned 495,191 shares of the company's stock, valued at $102,167,807.12. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas J. Seifert sold 41,555 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total value of $7,922,045.20. Following the transaction, the chief financial officer directly owned 189,517 shares in the company, valued at $36,129,520.88. This represents a 17.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 685,788 shares of company stock valued at $135,600,920 over the last 90 days. Insiders own 10.89% of the company's stock.

Cloudflare Stock Performance

NYSE:NET opened at $221.48 on Friday. 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 market cap of $77.18 billion, a price-to-earnings ratio of -651.41 and a beta of 1.95. The firm's fifty day moving average price is $201.32 and its 200 day moving average price is $162.08. Cloudflare, Inc. has a 1-year low of $77.60 and a 1-year high of $230.10.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The company 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%. Cloudflare's quarterly revenue was up 27.8% on a year-over-year basis. 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. On average, sell-side analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NET shares. Royal Bank Of Canada upped their target price on Cloudflare from $210.00 to $228.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Bank of America increased their price objective on Cloudflare from $235.00 to $240.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their target price on shares of Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, August 1st. DZ Bank reiterated a "sell" rating and issued a $170.00 price target on shares of Cloudflare in a research report on Tuesday, July 22nd. Finally, Robert W. Baird raised their price objective on shares of Cloudflare from $148.00 to $175.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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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