Quotient Wealth Partners LLC Makes New Investment in Cloudflare, Inc. $NET

Quotient Wealth Partners LLC purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,320 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors have also recently bought and sold shares of NET. Mather Group LLC. boosted its stake in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after purchasing an additional 202 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of Cloudflare in the 2nd quarter valued at $36,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cloudflare in the 2nd quarter valued at $39,000. Fifth Third Bancorp boosted its stake in shares of Cloudflare by 88.5% in the 1st quarter. Fifth Third Bancorp now owns 441 shares of the company’s stock valued at $50,000 after purchasing an additional 207 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Cloudflare by 264.8% in the 1st quarter. ORG Partners LLC now owns 445 shares of the company’s stock valued at $51,000 after purchasing an additional 323 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group boosted their target price on shares of Cloudflare from $145.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their target price on shares of Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Piper Sandler boosted their target price on shares of Cloudflare from $151.00 to $224.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. KeyCorp boosted their target price on shares of Cloudflare from $210.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, JMP Securities lifted their price target on Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average target price of $196.54.

Insider Activity

In other Cloudflare news, CEO Matthew Prince sold 52,277 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $213.94, for a total transaction of $11,184,141.38. Following the completion of the sale, the chief executive officer directly owned 107 shares of the company’s stock, valued at approximately $22,891.58. The trade was a 99.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carl Ledbetter sold 15,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $223.91, for a total value of $3,358,650.00. Following the sale, the director directly owned 1,013,073 shares of the company’s stock, valued at $226,837,175.43. This represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 685,270 shares of company stock worth $142,042,796. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Cloudflare stock opened at $209.94 on Monday. The stock has a 50-day simple moving average of $212.65 and a 200 day simple moving average of $179.12. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. Cloudflare, Inc. has a 12-month low of $85.60 and a 12-month high of $230.10. The stock has a market capitalization of $73.16 billion, a price-to-earnings ratio of -617.47 and a beta of 1.99.

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

Cloudflare 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.