Souders Financial Advisors Reduces Stock Position in Cloudflare, Inc. $NET

Souders Financial Advisors decreased its position in shares of Cloudflare, Inc. (NYSE:NET) by 22.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,154 shares of the company’s stock after selling 607 shares during the quarter. Souders Financial Advisors’ holdings in Cloudflare were worth $422,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Cloudflare by 33.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after acquiring an additional 786,063 shares during the period. Nuveen LLC purchased a new stake in Cloudflare in the first quarter valued at $88,203,000. American Century Companies Inc. grew its position in Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares during the period. Raymond James Financial Inc. raised its stake in shares of Cloudflare by 129.7% during the 1st quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company’s stock valued at $123,647,000 after buying an additional 619,526 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Cloudflare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock valued at $3,475,011,000 after buying an additional 538,850 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on NET shares. Oppenheimer set a $260.00 price target on Cloudflare and gave the company an “outperform” rating in a report on Friday, October 31st. Citizens Jmp boosted their target price on shares of Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Bank of America increased their price target on shares of Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, August 1st. JMP Securities set a $270.00 price objective on shares of Cloudflare in a report on Friday, October 31st. Finally, Cantor Fitzgerald increased their target price on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $234.16.

Insider Activity at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michelle Zatlyn sold 35,100 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the transaction, the insider owned 14,575 shares in the company, valued at $2,794,173.25. The trade was a 70.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 638,060 shares of company stock valued at $133,217,328. 10.89% of the stock is owned by insiders.

Cloudflare Stock Down 1.0%

NET stock opened at $226.27 on Friday. Cloudflare, Inc. has a 52 week low of $87.24 and a 52 week high of $260.00. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a 50-day simple moving average of $220.01 and a 200-day simple moving average of $190.32. The stock has a market capitalization of $78.85 billion, a P/E ratio of -754.23 and a beta of 2.10.

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

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.