Lion Street Advisors LLC Buys Shares of 1,150 Cloudflare, Inc. $NET

Lion Street Advisors LLC bought a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,150 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MGO One Seven LLC bought a new position in Cloudflare during the second quarter valued at approximately $379,000. Index Fund Advisors Inc. bought a new position in Cloudflare in the second quarter valued at about $2,101,000. LRI Investments LLC lifted its holdings in Cloudflare by 680.5% in the second quarter. LRI Investments LLC now owns 320 shares of the company’s stock valued at $63,000 after acquiring an additional 279 shares during the period. Alta Advisers Ltd bought a new position in Cloudflare in the second quarter valued at about $340,000. Finally, CWM LLC lifted its stake in shares of Cloudflare by 35.6% in the 2nd quarter. CWM LLC now owns 15,855 shares of the company’s stock worth $3,105,000 after purchasing an additional 4,163 shares during the period. Institutional investors own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In related news, insider Michelle Zatlyn sold 35,100 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas J. Seifert sold 34,270 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 241,550 shares of the company’s stock, valued at approximately $48,351,063.50. This trade represents a 12.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 647,893 shares of company stock worth $132,718,279. 10.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Cloudflare from $148.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. UBS Group raised their price objective on Cloudflare from $145.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Guggenheim raised their price objective on Cloudflare from $70.00 to $111.00 and gave the stock a “sell” rating in a research note on Friday, August 1st. Scotiabank raised their target price on shares of Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $196.54.

Cloudflare Stock Performance

NET opened at $222.42 on Tuesday. The stock has a market capitalization of $77.51 billion, a price-to-earnings ratio of -654.16 and a beta of 1.99. The company has a fifty day moving average of $212.27 and a 200 day moving average of $176.32. Cloudflare, Inc. has a fifty-two week low of $85.60 and a fifty-two week high of $230.10. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. 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, sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

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.