Whetstone Capital Advisors LLC Has $35.72 Million Stake in Cloudflare, Inc. $NET

Whetstone Capital Advisors LLC cut its stake in Cloudflare, Inc. (NYSE:NET) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,960 shares of the company’s stock after selling 1,107 shares during the quarter. Cloudflare comprises approximately 15.8% of Whetstone Capital Advisors LLC’s holdings, making the stock its largest holding. Whetstone Capital Advisors LLC owned approximately 0.09% of Cloudflare worth $35,718,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. lifted its position in Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after buying an additional 202 shares during the last quarter. NBC Securities Inc. bought a new stake in Cloudflare in the first quarter worth $27,000. GPS Wealth Strategies Group LLC increased its stake in Cloudflare by 213.4% in the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock worth $29,000 after purchasing an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Cloudflare by 115.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company’s stock worth $30,000 after purchasing an additional 142 shares during the period. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in Cloudflare in the fourth quarter worth $43,000. 82.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cloudflare news, CFO Thomas J. Seifert sold 34,270 shares of Cloudflare stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $200.17, for a total value of $6,859,825.90. Following the transaction, the chief financial officer owned 241,550 shares in the company, valued at $48,351,063.50. The trade was a 12.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michelle Zatlyn sold 25,642 shares of Cloudflare stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $173.00, for a total value of $4,436,066.00. Following the completion of the transaction, the insider owned 6,390 shares in the company, valued at $1,105,470. This trade represents a 80.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 588,768 shares of company stock worth $110,739,060 over the last ninety days. 10.89% of the stock is currently owned by company insiders.

Cloudflare Stock Performance

NET stock opened at $192.9230 on Thursday. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The business has a 50-day moving average price of $192.82 and a 200 day moving average price of $155.96. The company has a market capitalization of $67.23 billion, a P/E ratio of -567.42 and a beta of 1.84. Cloudflare, Inc. has a 1-year low of $74.88 and a 1-year high of $219.00.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $512.32 million during the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the company 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, equities research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NET shares. Stifel Nicolaus increased their target price on Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Wells Fargo & Company increased their target price on Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Susquehanna reduced their target price on Cloudflare from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, May 12th. KeyCorp increased their target price on Cloudflare from $210.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald increased their target price on Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average price target of $191.28.

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.