Whittier Trust Co. Acquires 9,897 Shares of Cloudflare, Inc. $NET

by · The Markets Daily

Whittier Trust Co. lifted its stake in Cloudflare, Inc. (NYSE:NET – Free Report) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 238,561 shares of the company’s stock after purchasing an additional 9,897 shares during the period. Whittier Trust Co. owned about 0.07% of Cloudflare worth $51,689,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Cloudflare by 34.2% during the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock valued at $750,000 after acquiring an additional 1,696 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Cloudflare during the 2nd quarter valued at $424,000. Assenagon Asset Management S.A. lifted its holdings in shares of Cloudflare by 8.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,991 shares of the company’s stock worth $1,369,000 after buying an additional 533 shares during the period. U.S. Capital Wealth Advisors LLC bought a new position in shares of Cloudflare during the 2nd quarter worth $207,000. Finally, GAMMA Investing LLC increased its stake in shares of Cloudflare by 10.0% during the second quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $235,000 after buying an additional 109 shares during the period. Institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

NYSE NET opened at $173.45 on Friday. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The firm’s fifty day simple moving average is $195.24 and its two-hundred day simple moving average is $205.86. 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 firm has a market capitalization of $60.76 billion, a P/E ratio of -578.17, a P/E/G ratio of 114.08 and a beta of 1.96.

Cloudflare (NYSE:NET – Get Free Report) last posted its quarterly earnings data 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. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. During the same quarter last year, the firm earned $0.20 EPS. The business’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. Analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NET. Jefferies Financial Group reaffirmed a “hold” rating and issued a $225.00 price objective on shares of Cloudflare in a research note on Tuesday, December 16th. Truist Financial set a $225.00 price target on shares of Cloudflare in a research report on Tuesday. Citigroup cut their price objective on shares of Cloudflare from $318.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Susquehanna boosted their price objective on shares of Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Cantor Fitzgerald increased their target price on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $232.48.

Check Out Our Latest Report on Cloudflare

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 41,555 shares of Cloudflare stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $194.18, for a total value of $8,069,149.90. Following the completion of the sale, the chief financial officer directly owned 137,486 shares in the company, valued at $26,697,031.48. This trade represents a 23.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michelle Zatlyn sold 35,099 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 24,555 shares in the company, valued at $4,892,829.30. The trade was a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 619,213 shares of company stock valued at $122,370,244 in the last three months. 10.89% of the stock is owned by insiders.

About Cloudflare

(Free Report)

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.

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