Vise Technologies Inc. Makes New $1.17 Million Investment in Cloudflare, Inc. $NET

Vise Technologies Inc. purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,985 shares of the company’s stock, valued at approximately $1,172,000.

Other hedge funds also recently made changes to their positions in the company. Quaker Wealth Management LLC raised 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 worth $33,000 after acquiring an additional 306 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Cloudflare during the 2nd quarter worth about $36,000. Ameritas Advisory Services LLC acquired a new stake in Cloudflare in the 2nd quarter valued at approximately $39,000. Cullen Frost Bankers Inc. bought a new stake in shares of Cloudflare in the second quarter valued at approximately $45,000. Finally, Whipplewood Advisors LLC boosted its holdings in Cloudflare by 277.6% in the 2nd quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock valued at $50,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were 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. This trade represents a 17.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $226.46, for a total value of $11,862,880.64. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 638,060 shares of company stock valued at $133,217,328. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Down 1.9%

NYSE:NET traded down $4.21 on Thursday, hitting $221.47. The stock had a trading volume of 95,834 shares, compared to its average volume of 3,297,908. Cloudflare, Inc. has a 1 year low of $87.77 and a 1 year high of $260.00. The firm’s fifty day simple moving average is $222.05 and its two-hundred day simple moving average is $194.25. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market cap of $77.58 billion, a P/E ratio of -738.82 and a beta of 2.10.

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

Analysts Set New Price Targets

Several research firms have recently commented on NET. Guggenheim reissued a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. Argus raised their price target on shares of Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. Scotiabank increased their price target on Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. Mizuho lifted their price objective on shares of Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Morgan Stanley raised their price objective on Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average target price of $235.35.

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.