Cloudflare, Inc. $NET Shares Sold by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC lowered its stake in shares of Cloudflare, Inc. (NYSE:NET) by 15.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,480 shares of the company’s stock after selling 2,489 shares during the quarter. Cloudflare makes up about 0.7% of MBM Wealth Consultants LLC’s holdings, making the stock its 23rd biggest position. MBM Wealth Consultants LLC’s holdings in Cloudflare were worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NET. Mackenzie Financial Corp raised its stake in Cloudflare by 23.5% during the 1st quarter. Mackenzie Financial Corp now owns 18,088 shares of the company’s stock worth $2,038,000 after acquiring an additional 3,447 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Cloudflare during the first quarter worth about $557,000. XTX Topco Ltd purchased a new stake in shares of Cloudflare in the 1st quarter valued at about $342,000. PNC Financial Services Group Inc. boosted its position in shares of Cloudflare by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,239 shares of the company’s stock valued at $816,000 after purchasing an additional 1,163 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its stake in Cloudflare by 1,071.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 24,454 shares of the company’s stock worth $2,756,000 after buying an additional 22,366 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NET shares. Robert W. Baird set a $220.00 price objective on Cloudflare in a report on Friday, October 31st. Needham & Company LLC increased their price target on shares of Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Citigroup raised their price objective on shares of Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Guggenheim reaffirmed a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. Finally, Cantor Fitzgerald increased their target price on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.35.

Insider Buying and Selling

In other news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $226.46, for a total transaction of $11,862,880.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michelle Zatlyn sold 35,099 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the completion of the transaction, the insider owned 24,555 shares of the company’s stock, valued at $4,892,829.30. This represents a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 645,609 shares of company stock valued at $135,476,411 over the last quarter. Company insiders own 10.89% of the company’s stock.

Cloudflare Stock Up 1.6%

Shares of NYSE:NET opened at $200.07 on Monday. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two 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’s 50-day simple moving average is $216.93 and its 200-day simple moving average is $200.55. The company has a market cap of $70.08 billion, a price-to-earnings ratio of -666.90 and a beta of 1.95.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. During the same quarter last year, the firm earned $0.20 earnings per share. The firm’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. As a group, equities research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

About Cloudflare

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.