Marshall Wace LLP Cuts Stake in Cloudflare, Inc. $NET

Marshall Wace LLP cut its stake in shares of Cloudflare, Inc. (NYSE:NET) by 25.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 433,052 shares of the company’s stock after selling 150,507 shares during the period. Marshall Wace LLP’s holdings in Cloudflare were worth $84,805,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in Cloudflare during the 1st quarter valued at about $342,000. PNC Financial Services Group Inc. lifted its stake in shares of Cloudflare by 19.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,239 shares of the company’s stock worth $816,000 after buying an additional 1,163 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Cloudflare by 321.0% in the first quarter. Blair William & Co. IL now owns 20,625 shares of the company’s stock worth $2,324,000 after buying an additional 15,726 shares in the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of Cloudflare by 29.5% during the first quarter. Cary Street Partners Financial LLC now owns 2,863 shares of the company’s stock valued at $323,000 after buying an additional 652 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Cloudflare by 1.8% during the first 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 last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $201.23, for a total transaction of $10,541,232.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark J. Hawkins sold 134 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $197.65, for a total value of $26,485.10. Following the completion of the sale, the director owned 10,856 shares of the company’s stock, valued at approximately $2,145,688.40. The trade was a 1.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 743,296 shares of company stock worth $155,118,611 over the last three months. 10.89% of the stock is currently owned by insiders.

Cloudflare Price Performance

Shares of NYSE:NET opened at $200.75 on Friday. 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 stock has a market capitalization of $70.32 billion, a PE ratio of -669.17 and a beta of 1.94. The firm’s 50 day moving average price is $215.00 and its 200-day moving average price is $201.52. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $562.03 million during the quarter, compared to analyst estimates of $544.65 million. During the same period in the previous year, the business posted $0.20 earnings per share. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Barclays began coverage on Cloudflare in a report on Tuesday. They issued an “overweight” rating and a $235.00 target price for the company. Scotiabank boosted their price target on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Wells Fargo & Company upped 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. Finally, Cantor Fitzgerald increased their price objective on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.33.

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.