17,227 Shares in Cloudflare, Inc. $NET Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 17,227 shares of the company’s stock, valued at approximately $3,697,000.

Other hedge funds have also recently modified their holdings of the company. Westfield Capital Management Co. LP bought a new stake in shares of Cloudflare during the second quarter worth $87,868,000. Swedbank AB increased its stake in Cloudflare by 27.7% in the 3rd quarter. Swedbank AB now owns 43,878 shares of the company’s stock worth $9,416,000 after buying an additional 9,527 shares during the period. Strategy Capital LLC lifted its holdings in Cloudflare by 4.5% during the 2nd quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock valued at $228,326,000 after buying an additional 50,374 shares in the last quarter. Motley Fool Asset Management LLC boosted its position 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 buying an additional 1,691 shares during the period. Finally, Vanguard Group Inc. grew its stake in Cloudflare by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after acquiring an additional 658,656 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

Shares of NYSE NET opened at $180.29 on Tuesday. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. The business’s 50 day moving average price is $199.06 and its 200 day moving average price is $206.50. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a market cap of $63.15 billion, a P/E ratio of -601.18, a P/E/G ratio of 121.14 and a beta of 1.96.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $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. On average, sell-side analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Activity at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,099 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $199.26, for a total value of $6,993,826.74. Following the sale, the insider directly owned 24,555 shares of the company’s stock, valued at approximately $4,892,829.30. This represents a 58.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $195.32, for a total value of $10,231,642.88. Following the transaction, the chief executive officer owned 22,175 shares of the company’s stock, valued at $4,331,221. The trade was a 70.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 609,213 shares of company stock worth $120,586,544 over the last three months. Company insiders own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the topic of several research analyst reports. Barclays initiated coverage on Cloudflare in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $235.00 price objective on the stock. Stifel Nicolaus increased their price target on Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their price objective on Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Argus increased their target price on shares of Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Citigroup lowered their price target on shares of Cloudflare from $318.00 to $260.00 and set a “buy” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eighteen 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $230.26.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.