Cloudflare, Inc. $NET is AMJ Financial Wealth Management’s 10th Largest Position

Core Insights - AMJ Financial Wealth Management increased its holdings in Cloudflare, Inc. by 5.6% in Q3, owning 54,669 shares valued at $11,731,000, making it the 10th largest position in their portfolio [2] - Several institutional investors significantly increased their stakes in Cloudflare during Q3, with Physician Wealth Advisors Inc. raising its stake by 693.3% to 119 shares worth $26,000, and ORG Wealth Partners LLC increasing its holdings by 101.4% to 139 shares worth $30,000 [3] - Cloudflare's stock is currently trading at $176.99, with a market cap of $62.00 billion and a price-to-earnings ratio of -610.29, indicating a volatile stock performance [4] Financial Performance - Cloudflare reported earnings of $0.28 per share for the last quarter, surpassing analysts' expectations of $0.27, with revenue of $614.51 million, a 33.6% increase year-over-year [5] - The company has a negative return on equity of 7.40% and a negative net margin of 4.72%, indicating challenges in profitability despite revenue growth [5] Analyst Ratings - Analysts have varied opinions on Cloudflare, with Morgan Stanley setting a target price of $245.00, while Jefferies Financial Group raised its target from $185.00 to $225.00, maintaining a "hold" rating [6] - The consensus rating for Cloudflare is "Moderate Buy" with a target price of $230.70, reflecting a generally positive outlook among analysts [6] Insider Transactions - Director Carl Ledbetter sold 15,000 shares at an average price of $211.16, resulting in a total transaction of approximately $3.17 million, reducing his ownership by 1.55% [7] - Insider Michelle Zatlyn sold 25,641 shares at an average price of $208.61, leading to a 51.08% decrease in her position [8] Company Overview - Cloudflare, Inc. is a global web infrastructure and security company, offering services such as content delivery networks, DDoS protection, managed DNS, and web application firewalls [9] - The company has expanded its offerings to include edge computing and developer platforms, enhancing its service portfolio [10]