Cloudflare, Inc. $NET Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. reduced its position in Cloudflare, Inc. (NYSE:NET) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,300 shares of the company’s stock after selling 2,800 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Cloudflare were worth $3,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quaker Wealth Management LLC grew its holdings in shares of Cloudflare by 218.6% during the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after purchasing an additional 306 shares during the last quarter. Hilltop National Bank bought a new position in Cloudflare in the 2nd quarter worth approximately $36,000. Ameritas Advisory Services LLC bought a new position in Cloudflare in the 2nd quarter worth approximately $39,000. Mather Group LLC. grew its holdings in Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after buying an additional 202 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in Cloudflare in the second quarter worth approximately $45,000. 82.68% of the stock is owned by institutional investors.

Cloudflare Trading Down 0.4%

NYSE NET opened at $224.15 on Wednesday. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $78.11 billion, a PE ratio of -659.26 and a beta of 1.99. Cloudflare, Inc. has a 1-year low of $85.60 and a 1-year high of $230.10. The firm’s fifty day simple moving average is $215.13 and its 200-day simple moving average is $184.71.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $512.32 million for 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%. The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior 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 anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $217.12, for a total transaction of $11,373,614.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total transaction 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. The trade was a 17.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 634,540 shares of company stock valued at $132,159,157 over the last three months. 10.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald upped their target price on Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Scotiabank boosted their target price on shares of Cloudflare from $135.00 to $200.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on shares of Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Robert W. Baird upped their price target 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. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $198.21.

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.