Quotient Wealth Partners LLC Acquires New Holdings in Cloudflare, Inc. $NET

Quotient Wealth Partners LLC acquired a new stake in shares of Cloudflare, Inc. (NYSE:NETFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,320 shares of the company’s stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NET. GAMMA Investing LLC raised its position in Cloudflare by 86.8% during the first quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock valued at $123,000 after acquiring an additional 508 shares in the last quarter. Fifth Third Bancorp raised its position 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 purchasing an additional 207 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Cloudflare by 5.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,268 shares of the company’s stock valued at $3,636,000 after purchasing an additional 1,616 shares during the period. Sowell Financial Services LLC bought a new position in shares of Cloudflare in the first quarter valued at approximately $226,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Cloudflare in the first quarter valued at approximately $216,000. Institutional investors own 82.68% of the company’s stock.

Insiders Place Their Bets

In other Cloudflare news, Director John Graham-Cumming sold 2,520 shares of Cloudflare stock in a transaction on Monday, October 13th. The shares were sold at an average price of $221.36, for a total transaction of $557,827.20. Following the sale, the director owned 495,191 shares in the company, valued at $109,615,479.76. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $215.38, for a total transaction of $5,522,558.58. Following the sale, the insider owned 14,575 shares in the company, valued at $3,139,163.50. This represents a 63.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 685,270 shares of company stock valued at $142,042,796 in the last 90 days. 10.89% of the stock is currently owned by corporate insiders.

Cloudflare Trading Down 0.7%

Shares of Cloudflare stock opened at $209.94 on Monday. The company’s fifty day simple moving average is $212.65 and its 200-day simple moving average is $179.12. The company has a market cap of $73.16 billion, a price-to-earnings 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, Inc. has a 1 year low of $85.60 and a 1 year high of $230.10.

Cloudflare (NYSE:NETGet Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The business 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%. Cloudflare’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last 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, sell-side analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target 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. Bank of America lifted their price target on shares of Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Mizuho lifted their price target on shares of Cloudflare from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Stifel Nicolaus lifted their price target 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, Piper Sandler lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.54.

View Our Latest Research Report on NET

About Cloudflare

(Free Report)

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.

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Institutional Ownership by Quarter for Cloudflare (NYSE:NET)

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