Cloudflare, Inc. $NET Shares Acquired by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC boosted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 293.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,059 shares of the company’s stock after purchasing an additional 11,230 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Cloudflare were worth $2,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in Cloudflare in the second quarter valued at $36,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cloudflare in the 2nd quarter valued at about $39,000. Mather Group LLC. lifted its position in shares of Cloudflare by 1,188.2% during the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. NBC Securities Inc. bought a new stake in Cloudflare in the first quarter valued at about $27,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in Cloudflare by 213.4% during the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock worth $29,000 after purchasing an additional 175 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NET shares. Scotiabank boosted their target price on shares of Cloudflare from $135.00 to $200.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Bank of America boosted their price objective on shares of Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Cowen reissued a “buy” rating on shares of Cloudflare in a report on Monday, June 16th. Piper Sandler upped their target price on Cloudflare from $151.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Finally, Guggenheim increased their price target on Cloudflare from $70.00 to $111.00 and gave the stock a “sell” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $191.28.

Insider Buying and Selling at Cloudflare

In related news, insider Douglas James Kramer sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $213.48, for a total value of $1,921,320.00. Following the completion of the sale, the insider owned 132,185 shares in the company, valued at approximately $28,218,853.80. This represents a 6.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl Ledbetter sold 15,000 shares of Cloudflare stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $223.91, for a total transaction of $3,358,650.00. Following the transaction, the director owned 1,013,073 shares in the company, valued at approximately $226,837,175.43. The trade was a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 674,636 shares of company stock valued at $135,957,067 over the last three months. 10.89% of the stock is owned by insiders.

Cloudflare Price Performance

Shares of NYSE:NET opened at $221.09 on Tuesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The company has a market capitalization of $77.05 billion, a PE ratio of -650.26 and a beta of 1.99. The stock has a fifty day moving average of $210.71 and a 200-day moving average of $172.90. Cloudflare, Inc. has a one year low of $79.16 and a one year high of $230.10.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $512.32 million during the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.Cloudflare’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. As a group, equities analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

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.