Sowell Financial Services LLC Raises Position in Cloudflare, Inc. $NET

Sowell Financial Services LLC increased its stake in Cloudflare, Inc. (NYSE:NET) by 96.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,078 shares of the company’s stock after purchasing an additional 3,483 shares during the quarter. Sowell Financial Services LLC’s holdings in Cloudflare were worth $1,519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NET. Vanguard Group Inc. raised its stake in shares of Cloudflare by 2.1% in the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after buying an additional 658,656 shares during the period. Geode Capital Management LLC increased its holdings in Cloudflare by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after acquiring an additional 270,227 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cloudflare by 33.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after acquiring an additional 786,063 shares during the period. Norges Bank purchased a new stake in Cloudflare during the second quarter valued at about $541,462,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Cloudflare by 3.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,368,906 shares of the company’s stock valued at $268,073,000 after purchasing an additional 47,698 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Cloudflare Trading Down 0.9%

Shares of NET stock opened at $200.52 on Tuesday. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The business’s fifty day moving average is $209.96 and its 200 day moving average is $205.80. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $70.24 billion, a PE ratio of -668.40 and a beta of 1.95.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share 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 return on equity of 6.54% and a negative net margin of 5.12%.The company’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the prior 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. On average, equities research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $208.61, for a total transaction of $5,348,969.01. Following the sale, the insider owned 24,555 shares in the company, valued at approximately $5,122,418.55. This trade represents a 51.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Katrin Suder sold 2,031 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $200.00, for a total transaction of $406,200.00. Following the completion of the transaction, the director owned 37,723 shares of the company’s stock, valued at $7,544,600. This trade represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 628,079 shares of company stock valued at $128,603,861 over the last quarter. Company insiders own 10.89% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $225.00 target price on shares of Cloudflare in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Wells Fargo & Company increased their target price on Cloudflare from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. UBS Group raised their price target on Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Mizuho boosted their price objective on Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.78.

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.