Total Clarity Wealth Management Inc. Purchases Shares of 1,220 Cloudflare, Inc. $NET

Key Points

• Total Clarity Wealth Management Inc. acquired 1,220 shares of Cloudflare, Inc. for approximately $239,000 during Q2, highlighting increasing interest from institutional investors.
• Analysts have mixed outlooks on Cloudflare, with price targets ranging from $145.00 to $235.00, and the stock receiving a consensus rating of "Moderate Buy."
• Cloudflare's CFO sold 59,130 shares for over $11.8 million, indicating significant insider activity, with company insiders having sold 647,893 shares valued at $132.7 million recently.

Total Clarity Wealth Management Inc. purchased a new stake in Cloudflare, Inc. (NYSE:NET - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,220 shares of the company's stock, valued at approximately $239,000.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. lifted its stake in Cloudflare by 1,188.2% in the first 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. Hilltop National Bank bought a new position in Cloudflare in the second quarter valued at approximately $36,000. Ameritas Advisory Services LLC bought a new position in Cloudflare in the second quarter valued at approximately $39,000. CVA Family Office LLC lifted its stake in Cloudflare by 37.1% in the first quarter. CVA Family Office LLC now owns 392 shares of the company's stock valued at $44,000 after buying an additional 106 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Cloudflare by 88.5% in the first quarter. Fifth Third Bancorp now owns 441 shares of the company's stock valued at $50,000 after buying an additional 207 shares in the last quarter. Institutional investors own 82.68% of the company's stock.

Analyst Upgrades and Downgrades

NET has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their price objective on shares of Cloudflare from $162.00 to $199.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Morgan Stanley lifted their price objective on shares of Cloudflare from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cloudflare in a report on Wednesday, October 8th. UBS Group lifted their price objective on shares of Cloudflare from $145.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, JMP Securities lifted their price objective on shares of Cloudflare from $180.00 to $225.00 and gave the company a "market outperform" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.54.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 59,130 shares of the company's stock in a transaction on 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 in the company, valued at $48,382,465. The trade was a 19.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michelle Zatlyn sold 35,100 shares of the company'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 in the company, valued at approximately $2,794,173.25. This represents a 70.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 647,893 shares of company stock valued at $132,718,279 in the last ninety days. Company insiders own 10.89% of the company's stock.

Cloudflare Price Performance

NYSE:NET opened at $222.42 on Tuesday. Cloudflare, Inc. has a one year low of $85.60 and a one year high of $230.10. The company has a market cap of $77.51 billion, a P/E ratio of -654.16 and a beta of 1.99. The firm's fifty day moving average price is $212.27 and its two-hundred day moving average price is $176.32. 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 released 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. 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 previous year, the company earned $0.20 earnings per share. The company's quarterly revenue was up 27.8% on a year-over-year basis. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Equities analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

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.

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