Cloudflare, Inc. $NET Shares Sold by Quent Capital LLC

Quent Capital LLC lessened its position in shares of Cloudflare, Inc. (NYSE:NET) by 4.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,946 shares of the company’s stock after selling 86 shares during the period. Quent Capital LLC’s holdings in Cloudflare were worth $381,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new stake in Cloudflare during the second quarter valued at $36,000. Ameritas Advisory Services LLC acquired a new stake in Cloudflare during the second quarter valued at $39,000. Mather Group LLC. grew its position in Cloudflare by 1,188.2% during the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after buying an additional 202 shares during the period. NBC Securities Inc. acquired a new stake in Cloudflare during the first quarter valued at $27,000. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Cloudflare by 213.4% in the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock valued at $29,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Stock Performance

NYSE:NET opened at $216.95 on Friday. The company’s 50-day moving average price is $210.27 and its 200-day moving average price is $171.81. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. The company has a market cap of $75.60 billion, a P/E ratio of -638.08 and a beta of 1.99. Cloudflare, Inc. has a twelve month low of $79.16 and a twelve month high of $230.10.

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

Insider Activity

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $184.58, for a total transaction of $9,669,038.72. Following the transaction, the chief executive officer directly owned 381,213 shares of the company’s stock, valued at $70,364,295.54. The trade was a 12.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $6,859,825.90. Following the transaction, the chief financial officer directly owned 241,550 shares in the company, valued at $48,351,063.50. This trade represents a 12.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 727,020 shares of company stock valued at $146,028,939 over the last three months. 10.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on NET shares. Royal Bank Of Canada lifted their target price on shares of Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Piper Sandler lifted their target price on shares of Cloudflare from $151.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research report on Saturday, September 27th. Stifel Nicolaus lifted their target price on shares of Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, UBS Group lifted their target price on shares of Cloudflare from $145.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Cloudflare presently has an average rating of “Hold” 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.