Alamea Verwaltungs GmbH Takes $217,000 Position in Cloudflare, Inc. $NET

Key Points

• Alamea Verwaltungs GmbH has acquired a new stake in Cloudflare, Inc. valued at approximately $217,000, as per its latest SEC filing.
• Cloudflare reported a 27.8% year-over-year revenue increase, achieving $512.32 million in revenue for the quarter, surpassing analyst estimates.
• As of now, 82.68% of Cloudflare's stock is owned by institutional investors, indicating a strong interest in the company within the investment community.

Alamea Verwaltungs GmbH purchased a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,929 shares of the company's stock, valued at approximately $217,000.

Several other large investors also recently made changes to their positions in NET. Dimensional Fund Advisors LP boosted its holdings in shares of Cloudflare by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 361,607 shares of the company's stock valued at $38,943,000 after buying an additional 18,457 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Cloudflare by 184.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the company's stock worth $274,000 after purchasing an additional 1,651 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of Cloudflare in the fourth quarter worth $235,000. Lido Advisors LLC increased its position in shares of Cloudflare by 55.3% in the fourth quarter. Lido Advisors LLC now owns 3,149 shares of the company's stock worth $339,000 after purchasing an additional 1,121 shares during the period. Finally, Comerica Bank boosted its stake in Cloudflare by 9.4% in the fourth quarter. Comerica Bank now owns 8,856 shares of the company's stock valued at $954,000 after buying an additional 764 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Bank of America raised their price objective on Cloudflare from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Robert W. Baird lifted their price target on Cloudflare from $148.00 to $175.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Oppenheimer reissued an "outperform" rating and set a $200.00 price target (up from $165.00) on shares of Cloudflare in a research note on Thursday, June 5th. KeyCorp lifted their price target on Cloudflare from $210.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Citigroup lifted their price objective on Cloudflare from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $191.28.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $171.25, for a total value of $8,970,760.00. Following the transaction, the chief executive officer directly owned 381,213 shares of the company's stock, valued at approximately $65,282,726.25. The trade was a 12.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas J. Seifert sold 59,130 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $200.30, for a total value of $11,843,739.00. Following the completion of the transaction, the chief financial officer directly owned 241,550 shares in the company, valued at approximately $48,382,465. This trade represents a 19.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 676,814 shares of company stock valued at $128,862,556 in the last ninety days. 10.89% of the stock is owned by corporate insiders.

Cloudflare Trading Up 2.2%

NET traded up $4.43 during trading on Thursday, hitting $210.14. The company's stock had a trading volume of 1,774,740 shares, compared to its average volume of 3,532,343. Cloudflare, Inc. has a twelve month low of $74.88 and a twelve month high of $219.00. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. The stock's fifty day moving average price is $197.41 and its 200-day moving average price is $158.99. The firm has a market capitalization of $73.23 billion, a P/E ratio of -618.05 and a beta of 1.95.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. During the same period in the previous year, the firm earned $0.20 earnings per share. The company's revenue 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. Analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Cloudflare Company 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.