Malaga Cove Capital LLC Sells 383 Shares of Cloudflare, Inc. $NET

Malaga Cove Capital LLC cut its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,654 shares of the company’s stock after selling 383 shares during the period. Malaga Cove Capital LLC’s holdings in Cloudflare were worth $2,282,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Warm Springs Advisors Inc. lifted its position in shares of Cloudflare by 82.0% in the 2nd quarter. Warm Springs Advisors Inc. now owns 22,198 shares of the company’s stock worth $4,347,000 after purchasing an additional 10,000 shares during the period. Soltis Investment Advisors LLC lifted its holdings in Cloudflare by 0.8% in the second quarter. Soltis Investment Advisors LLC now owns 31,936 shares of the company’s stock worth $6,254,000 after buying an additional 265 shares during the period. Black Swift Group LLC boosted its position in Cloudflare by 6.3% during the 2nd quarter. Black Swift Group LLC now owns 15,250 shares of the company’s stock valued at $2,986,000 after acquiring an additional 900 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in shares of Cloudflare by 5.7% during the second quarter. Resona Asset Management Co. Ltd. now owns 101,918 shares of the company’s stock valued at $19,931,000 after purchasing an additional 5,507 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Cloudflare during the second quarter valued at $176,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 10,000 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $211.81, for a total value of $2,118,100.00. Following the transaction, the chief financial officer owned 189,517 shares of the company’s stock, valued at $40,141,595.77. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Graham-Cumming sold 2,520 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $250.83, for a total value of $632,091.60. Following the transaction, the director owned 495,191 shares in the company, valued at $124,208,758.53. The trade was a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 638,060 shares of company stock worth $133,217,328 over the last ninety days. 10.89% of the stock is currently owned by company insiders.

Cloudflare Stock Performance

Shares of NET opened at $226.27 on Friday. The business has a 50-day simple moving average of $220.01 and a two-hundred day simple moving average of $190.32. The stock has a market cap of $78.85 billion, a price-to-earnings ratio of -754.23 and a beta of 2.10. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a 52 week low of $87.24 and a 52 week high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The firm had revenue of $430.08 million during the quarter, compared to analysts’ expectations of $544.87 million. During the same period in the prior year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target for the company in a research note on Wednesday. Wells Fargo & Company raised their price target on Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 31st. UBS Group lifted their target price on shares of Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Piper Sandler lifted their target price on Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Royal Bank Of Canada boosted their price target on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and a consensus target price of $234.16.

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.