Creekmur Asset Management LLC Makes New $2.36 Million Investment in Cloudflare, Inc. $NET

Creekmur Asset Management LLC acquired a new position in Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,042 shares of the company’s stock, valued at approximately $2,358,000.

Several other institutional investors have also added to or reduced their stakes in the company. Daymark Wealth Partners LLC lifted its stake in Cloudflare by 1.1% in the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares during the last quarter. ORG Partners LLC lifted its stake in Cloudflare by 11.9% in the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock worth $92,000 after purchasing an additional 53 shares during the last quarter. Fiduciary Planning LLC lifted its stake in Cloudflare by 3.0% in the second quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after purchasing an additional 54 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Cloudflare by 1.9% in the second quarter. Yousif Capital Management LLC now owns 4,044 shares of the company’s stock worth $792,000 after purchasing an additional 75 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Cloudflare by 6.2% in the first quarter. Smartleaf Asset Management LLC now owns 1,320 shares of the company’s stock worth $152,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Insider Activity at Cloudflare

In related news, insider Michelle Zatlyn sold 35,100 shares of Cloudflare stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at $2,794,173.25. This trade represents a 70.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Thomas J. Seifert sold 41,555 shares of Cloudflare stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the transaction, the chief financial officer directly owned 189,517 shares in the company, valued at approximately $36,129,520.88. The trade was a 17.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 631,540 shares of company stock valued at $131,564,497 over the last ninety days. 10.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on NET shares. Mizuho raised their price objective on shares of Cloudflare from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Scotiabank raised their target price on shares of Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Wells Fargo & Company raised their target price on shares of Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Citigroup upped their target price on Cloudflare from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Finally, JMP Securities upped their target price on Cloudflare from $180.00 to $225.00 and gave the stock a “market outperform” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.38.

Cloudflare Stock Performance

Shares of NET stock opened at $222.48 on Friday. The firm has a market cap of $77.53 billion, a price-to-earnings ratio of -654.36 and a beta of 1.99. The company’s 50 day moving average is $216.42 and its 200 day moving average is $185.82. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. Cloudflare, Inc. has a 52-week low of $85.60 and a 52-week high of $231.13.

Cloudflare (NYSE:NET) last issued its quarterly earnings data 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. The company had revenue of $430.08 million for the quarter, compared to analyst estimates of $544.87 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. Cloudflare’s revenue was up 30.7% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

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.