Moore Capital Management LP Sells 5,645 Shares of Cloudflare, Inc. $NET

Moore Capital Management LP lessened its stake in Cloudflare, Inc. (NYSE:NET) by 53.6% in the second quarter, HoldingsChannel reports. The fund owned 4,891 shares of the company’s stock after selling 5,645 shares during the period. Moore Capital Management LP’s holdings in Cloudflare were worth $1,200,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. HM Payson & Co. bought a new stake in Cloudflare in the fourth quarter valued at approximately $25,000. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare in the third quarter valued at about $26,000. C M Bidwell & Associates Ltd. bought a new position in shares of Cloudflare during the second quarter valued at about $30,000. Wexford Capital LP purchased a new stake in shares of Cloudflare during the third quarter worth about $30,000. Finally, CX Institutional boosted its holdings in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cloudflare

In other news, CEO Matthew Prince sold 52,422 shares of Cloudflare stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the completion of the transaction, the chief financial officer owned 113,790 shares in the company, valued at approximately $34,171,137. The trade was a 32.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 640,531 shares of company stock valued at $168,474,753 in the last 90 days. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Price Performance

Shares of NET stock opened at $306.30 on Tuesday. The business’s fifty day moving average is $276.18 and its 200 day moving average is $232.91. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market cap of $108.27 billion, a price-to-earnings ratio of -528.10, a PEG ratio of 184.12 and a beta of 1.65. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. Cloudflare’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Research analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho boosted their price target on Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Citizens Jmp reiterated a “market outperform” rating and issued a $394.00 price objective on shares of Cloudflare in a research report on Monday. Citigroup reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday. KeyCorp raised their price target on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, UBS Group lifted their price target on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $320.19.

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.