MBM Wealth Consultants LLC Cuts Stock Position in Cloudflare, Inc. $NET

MBM Wealth Consultants LLC cut its stake in shares of Cloudflare, Inc. (NYSE:NET) by 29.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,455 shares of the company’s stock after selling 4,025 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Cloudflare were worth $2,029,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Cloudflare in the second quarter valued at about $541,462,000. Groupama Asset Managment acquired a new stake in Cloudflare in the second quarter valued at about $225,204,000. KBC Group NV increased its position in Cloudflare by 1,388.7% during the 2nd quarter. KBC Group NV now owns 736,153 shares of the company’s stock worth $144,161,000 after purchasing an additional 686,702 shares during the period. Vanguard Group Inc. increased its position in Cloudflare by 2.1% during the 2nd 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, Rakuten Investment Management Inc. purchased a new position in shares of Cloudflare during the 3rd quarter worth approximately $138,660,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NET. Royal Bank Of Canada upped their price objective on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Jefferies Financial Group restated a “hold” rating and set a $225.00 target price on shares of Cloudflare in a research report on Tuesday, December 16th. Mizuho cut their price target on shares of Cloudflare from $280.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday. Guggenheim reissued a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. Finally, DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 target price on the stock in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average target price of $232.48.

Cloudflare Stock Performance

NYSE:NET opened at $173.45 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $60.76 billion, a P/E ratio of -578.17, a price-to-earnings-growth ratio of 114.08 and a beta of 1.96. The firm has a 50-day moving average price of $195.24 and a two-hundred day moving average price of $205.86. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month 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, beating the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same period in the prior year, the business earned $0.20 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. As a group, research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Transactions at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,099 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 24,555 shares in the company, valued at approximately $4,892,829.30. This represents a 58.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $195.32, for a total transaction of $10,231,642.88. Following the sale, the chief executive officer directly owned 22,175 shares in the company, valued at $4,331,221. This represents a 70.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 619,213 shares of company stock valued at $122,370,244 over the last three months. 10.89% of the stock is currently owned by insiders.

Cloudflare Company Profile

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.