KP Management LLC Sells 7,500 Shares of Cloudflare, Inc. $NET

KP Management LLC cut its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 21.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,786 shares of the company’s stock after selling 7,500 shares during the period. Cloudflare makes up 1.7% of KP Management LLC’s holdings, making the stock its 21st biggest holding. KP Management LLC’s holdings in Cloudflare were worth $5,441,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NET. Westfield Capital Management Co. LP purchased a new position in shares of Cloudflare during the 2nd quarter valued at $87,868,000. Motley Fool Asset Management LLC raised its stake in Cloudflare by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock valued at $3,476,000 after acquiring an additional 1,691 shares during the period. Strategy Capital LLC lifted its holdings in Cloudflare by 4.5% during the second quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock valued at $228,326,000 after purchasing an additional 50,374 shares during the last quarter. Vanguard Group Inc. boosted its position in Cloudflare by 2.1% during the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after purchasing an additional 658,656 shares during the period. Finally, Alta Advisers Ltd purchased a new position in shares of Cloudflare in the second quarter worth about $340,000. Institutional investors own 82.68% of the company’s stock.

Insider Activity

In related news, Director Mark J. Hawkins sold 134 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $197.65, for a total value of $26,485.10. Following the completion of the sale, the director owned 10,856 shares in the company, valued at $2,145,688.40. The trade was a 1.22% 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 stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $201.23, for a total transaction of $10,541,232.32. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 689,810 shares of company stock valued at $142,491,336. 10.89% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Scotiabank upped their price target on shares of Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Wells Fargo & Company raised their price target on Cloudflare from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. DZ Bank upgraded Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective on the stock in a research note on Wednesday, November 5th. Mizuho increased their price objective on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Citigroup lifted their target price on Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $235.33.

Cloudflare Stock Down 2.7%

NET stock opened at $202.41 on Friday. The company’s 50 day moving average is $213.94 and its 200 day moving average is $203.55. The stock has a market cap of $70.90 billion, a price-to-earnings ratio of -674.70 and a beta of 1.94. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00.

Cloudflare (NYSE:NET) last released 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. The business had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

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.