Slow Capital Inc. Sells 3,111 Shares of Cloudflare, Inc. $NET

Slow Capital Inc. decreased its stake in Cloudflare, Inc. (NYSE:NET) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,855 shares of the company’s stock after selling 3,111 shares during the period. Cloudflare comprises about 1.3% of Slow Capital Inc.’s investment portfolio, making the stock its 17th biggest position. Slow Capital Inc.’s holdings in Cloudflare were worth $10,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new position in Cloudflare in the second quarter worth $29,000. ORG Wealth Partners LLC lifted its stake in Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after purchasing an additional 70 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of Cloudflare in the 3rd quarter worth about $32,000. Quaker Wealth Management LLC increased its position in shares of Cloudflare by 218.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after purchasing an additional 306 shares during the last quarter. Finally, Stone House Investment Management LLC increased its position in shares of Cloudflare by 700.0% during the 3rd quarter. Stone House Investment Management LLC now owns 160 shares of the company’s stock valued at $34,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Up 0.1%

NYSE:NET opened at $184.41 on Tuesday. The company has a fifty day moving average of $199.06 and a 200 day moving average of $206.50. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. 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 capitalization of $64.60 billion, a P/E ratio of -614.70, a P/E/G ratio of 121.14 and a beta of 1.96.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $562.03 million for the quarter, compared to analyst estimates 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 revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the firm 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. On average, research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 35,099 shares of Cloudflare stock in a transaction that occurred on Thursday, November 20th. The stock was 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 in the company, valued at approximately $4,892,829.30. This trade represents a 58.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $26,697,031.48. The trade was a 23.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 609,213 shares of company stock valued at $120,586,544 in the last 90 days. Insiders own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the subject of several research reports. Royal Bank Of Canada upped their target price on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. KeyCorp boosted their price objective on shares of Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Needham & Company LLC increased their target price on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Barclays initiated coverage on shares of Cloudflare in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $235.00 target price on the stock. Finally, Susquehanna upped their price target on shares of Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.