Vontobel Holding Ltd. Decreases Stock Position in Cloudflare, Inc. $NET

Key Points

• Vontobel Holding Ltd. reduced its stake in Cloudflare, Inc. by 29.8% in the second quarter, holding 76,500 shares after selling 32,460 shares, which were worth approximately $14.98 million.
• Brokerage analysts have given Cloudflare a Moderate Buy rating with an average price target of $196.54; ratings range from one Strong Buy to three Sell ratings.
• Cloudflare reported earnings of $0.21 per share, exceeding estimates by $0.03, with revenues reaching $512.32 million during its latest quarterly report.

Vontobel Holding Ltd. lowered its stake in Cloudflare, Inc. (NYSE:NET - Free Report) by 29.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,500 shares of the company's stock after selling 32,460 shares during the period. Vontobel Holding Ltd.'s holdings in Cloudflare were worth $14,981,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NET. NBC Securities Inc. purchased a new position in Cloudflare during the 1st quarter valued at about $27,000. Merit Financial Group LLC purchased a new position in Cloudflare during the 1st quarter valued at about $277,000. Park Avenue Securities LLC increased its holdings in Cloudflare by 5.7% during the 1st quarter. Park Avenue Securities LLC now owns 10,652 shares of the company's stock valued at $1,200,000 after purchasing an additional 578 shares during the period. Farther Finance Advisors LLC increased its holdings in Cloudflare by 2.5% during the 1st quarter. Farther Finance Advisors LLC now owns 12,114 shares of the company's stock valued at $1,401,000 after purchasing an additional 291 shares during the period. Finally, Pallas Capital Advisors LLC increased its holdings in Cloudflare by 5.4% during the 1st quarter. Pallas Capital Advisors LLC now owns 2,926 shares of the company's stock valued at $330,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 82.68% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NET. Citigroup boosted their price target on Cloudflare from $240.00 to $255.00 and gave the company a "buy" rating in a report on Monday, August 18th. Wells Fargo & Company boosted their price target on Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Piper Sandler lifted their price objective on Cloudflare from $151.00 to $224.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. DZ Bank reaffirmed a "sell" rating and set a $170.00 price objective on shares of Cloudflare in a research report on Tuesday, July 22nd. Finally, Cantor Fitzgerald lifted their price objective on Cloudflare from $162.00 to $199.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare currently has an average rating of "Moderate Buy" and an average price target of $196.54.

Cloudflare Stock Performance

Shares of NET opened at $220.78 on Friday. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. The business's 50 day moving average price is $211.72 and its 200-day moving average price is $174.20. Cloudflare, Inc. has a 52 week low of $84.48 and a 52 week high of $230.10. The stock has a market cap of $76.94 billion, a P/E ratio of -649.35 and a beta of 1.99.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. During the same period in the previous year, the business earned $0.20 EPS. The firm's revenue for the quarter 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 research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Thomas J. Seifert sold 34,270 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $200.17, for a total value of $6,859,825.90. Following the completion of the transaction, the chief financial officer directly owned 241,550 shares in the company, valued at $48,351,063.50. The trade was a 12.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas J. Seifert sold 59,130 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the completion of the transaction, the chief financial officer owned 241,550 shares of the company's stock, valued at approximately $48,382,465. The trade was a 19.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 673,534 shares of company stock valued at $137,405,454 in the last quarter. Insiders own 10.89% of the company's stock.

Cloudflare 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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