Sepio Capital LP Has $5.44 Million Stock Holdings in Cloudflare, Inc. $NET

Sepio Capital LP increased its position in Cloudflare, Inc. (NYSE:NET) by 4.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,781 shares of the company’s stock after acquiring an additional 1,105 shares during the quarter. Sepio Capital LP’s holdings in Cloudflare were worth $5,440,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Quaker Wealth Management LLC increased its position in Cloudflare by 218.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after acquiring an additional 306 shares during the period. Hilltop National Bank acquired a new position in shares of Cloudflare during the second quarter worth $36,000. Ameritas Advisory Services LLC acquired a new position in shares of Cloudflare during the second quarter worth $39,000. Cullen Frost Bankers Inc. bought a new stake in shares of Cloudflare in the second quarter worth $45,000. Finally, Whipplewood Advisors LLC increased its holdings in Cloudflare by 277.6% in the second quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock valued at $50,000 after purchasing an additional 186 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $194.18, for a total value of $8,069,149.90. Following the completion of the sale, the chief financial officer directly owned 137,486 shares in the company, valued at $26,697,031.48. This trade represents a 23.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew Prince sold 52,384 shares of the 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 transaction, the chief executive officer owned 22,175 shares in the company, valued at approximately $4,331,221. The trade was a 70.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 645,609 shares of company stock valued at $135,476,411. 10.89% of the stock is currently owned by corporate insiders.

Cloudflare Trading Up 1.6%

Shares of NET stock opened at $200.07 on Monday. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two week high of $260.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a 50 day simple moving average of $216.93 and a two-hundred day simple moving average of $200.55. The company has a market cap of $70.08 billion, a P/E ratio of -666.90 and a beta of 1.95.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

NET has been the topic of several recent research reports. Piper Sandler lifted their target price on Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. UBS Group raised their price objective on Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. KeyCorp lifted their price objective on Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Citigroup increased their target price on shares of Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Royal Bank Of Canada raised their price target on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.35.

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.