Trivium Point Advisory LLC Acquires Shares of 1,303 Cloudflare, Inc. $NET

Key Points

• Trivium Point Advisory LLC has acquired a stake of 1,303 shares in Cloudflare, valued at approximately $255,000, during the second quarter.
• Cloudflare reports a revenue of $512.32 million for the last quarter, exceeding analysts' expectations, and has set its FY 2025 guidance at 0.850-0.860 EPS.
• Multiple hedge funds have increased their holdings in Cloudflare, with over 82.68% of the stock being owned by institutional investors.

Trivium Point Advisory LLC acquired a new stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,303 shares of the company's stock, valued at approximately $255,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Cloudflare by 22.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,652 shares of the company's stock worth $3,301,000 after buying an additional 5,638 shares during the period. Wellington Management Group LLP grew its position in shares of Cloudflare by 47.0% in the 4th quarter. Wellington Management Group LLP now owns 5,930 shares of the company's stock worth $639,000 after buying an additional 1,896 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Cloudflare by 115.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock worth $30,000 after buying an additional 142 shares during the period. Versant Capital Management Inc grew its position in shares of Cloudflare by 19.3% in the 1st quarter. Versant Capital Management Inc now owns 655 shares of the company's stock worth $74,000 after buying an additional 106 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Cloudflare by 20,954.7% in the 1st quarter. GAMMA Investing LLC now owns 123,170 shares of the company's stock worth $13,880,000 after buying an additional 122,585 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 34,270 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $200.17, for a total transaction of $6,859,825.90. Following the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,351,063.50. This represents a 12.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $184.58, for a total transaction of $9,669,038.72. Following the completion of the transaction, the chief executive officer owned 381,213 shares in the company, valued at $70,364,295.54. This trade represents a 12.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 727,020 shares of company stock worth $146,028,939 over the last quarter. 10.89% of the stock is currently owned by insiders.

Cloudflare Price Performance

NET opened at $217.44 on Thursday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The stock has a market capitalization of $75.77 billion, a P/E ratio of -639.54 and a beta of 1.99. The company's 50-day simple moving average is $209.24 and its two-hundred day simple moving average is $169.98. Cloudflare, Inc. has a 52-week low of $77.80 and a 52-week high of $230.10.

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. The business had revenue of $512.32 million for the quarter, compared to analysts' expectations of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The business's revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

NET has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of Cloudflare from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Piper Sandler upped their price target on shares of Cloudflare from $151.00 to $224.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Citigroup upped their price target on shares of Cloudflare from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Guggenheim upped their price target on shares of Cloudflare from $70.00 to $111.00 and gave the stock a "sell" rating in a research note on Friday, August 1st. Finally, Bank of America upped their price target on shares of Cloudflare from $235.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus 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.

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