Real Talk Capital LLC Acquires Shares of 1,226 Cloudflare, Inc. $NET

Real Talk Capital LLC bought a new position in Cloudflare, Inc. (NYSE:NET) in the second quarter, Holdings Channel reports. The firm bought 1,226 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors have also recently made changes to their positions in NET. Kingsview Wealth Management LLC purchased a new stake in Cloudflare in the 1st quarter worth about $206,000. Kestra Private Wealth Services LLC increased its stake in shares of Cloudflare by 8.1% in the first quarter. Kestra Private Wealth Services LLC now owns 3,224 shares of the company’s stock worth $363,000 after purchasing an additional 241 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Cloudflare by 5.3% in the first quarter. Allianz Asset Management GmbH now owns 25,700 shares of the company’s stock valued at $2,897,000 after purchasing an additional 1,288 shares during the period. Choreo LLC lifted its stake in shares of Cloudflare by 7.1% during the 1st quarter. Choreo LLC now owns 5,105 shares of the company’s stock valued at $575,000 after buying an additional 339 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in Cloudflare by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 110,300 shares of the company’s stock worth $12,430,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald boosted their target price on shares of Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Citigroup boosted their price objective on Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Morgan Stanley increased their price objective on Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Susquehanna lifted their target price on Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Royal Bank Of Canada upped their price target on Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.35.

Cloudflare Trading Down 0.1%

Shares of NET opened at $196.30 on Thursday. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00. The company has a market capitalization of $68.76 billion, a P/E ratio of -654.32 and a beta of 2.10. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The firm’s 50 day simple moving average is $220.77 and its 200 day simple moving average is $197.11.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.87 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Janel Riley sold 3,488 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $196.51, for a total value of $685,426.88. Following the completion of the sale, the chief accounting officer owned 56,144 shares in the company, valued at $11,032,857.44. The trade was a 5.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $195.32, for a total value of $10,231,642.88. Following the completion of the sale, the chief executive officer directly owned 22,175 shares of the company’s stock, valued at approximately $4,331,221. This represents a 70.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 583,955 shares of company stock valued at $123,647,846. 10.89% of the stock is owned by insiders.

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.