Conestoga Capital Advisors LLC Makes New $339,000 Investment in Cloudflare, Inc. $NET

Conestoga Capital Advisors LLC bought a new position in shares of Cloudflare, Inc. (NYSE:NET) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,730 shares of the company’s stock, valued at approximately $339,000.

A number of other large investors have also recently made changes to their positions in NET. GAMMA Investing LLC grew its stake in Cloudflare by 86.8% during the 1st quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock worth $123,000 after buying an additional 508 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Cloudflare by 88.5% in the first quarter. Fifth Third Bancorp now owns 441 shares of the company’s stock valued at $50,000 after acquiring an additional 207 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Cloudflare by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,268 shares of the company’s stock worth $3,636,000 after acquiring an additional 1,616 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Cloudflare in the 1st quarter valued at $226,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Cloudflare in the 1st quarter valued at $216,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cloudflare news, Director Carl Ledbetter sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $223.91, for a total transaction of $3,358,650.00. Following the sale, the director directly owned 1,013,073 shares of the company’s stock, valued at $226,837,175.43. This trade represents a 1.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Prince sold 52,277 shares of Cloudflare stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $213.94, for a total transaction of $11,184,141.38. Following the completion of the sale, the chief executive officer directly owned 107 shares of the company’s stock, valued at $22,891.58. The trade was a 99.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 685,270 shares of company stock valued at $142,042,796. 10.89% of the stock is owned by company insiders.

Cloudflare Price Performance

Shares of NET opened at $209.94 on Monday. Cloudflare, Inc. has a twelve month low of $85.60 and a twelve month high of $230.10. The stock’s 50 day moving average is $212.65 and its two-hundred day moving average is $179.12. The firm has a market capitalization of $73.16 billion, a PE ratio of -617.47 and a beta of 1.99. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63.

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 analysts’ consensus estimates of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The business had revenue of $512.32 million for the quarter, compared to analysts’ expectations of $501.58 million. During the same period in the prior year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. DZ Bank reissued a “sell” rating and set a $170.00 price objective on shares of Cloudflare in a research report on Tuesday, July 22nd. KeyCorp increased their target price on shares of Cloudflare from $210.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Robert W. Baird boosted their price target on Cloudflare from $148.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. UBS Group upped their price objective on Cloudflare from $145.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada lifted their target price on Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.54.

Cloudflare 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.