ASR Vermogensbeheer N.V. Buys 5,988 Shares of Cloudflare, Inc. $NET

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Cloudflare, Inc. by 30.6%, acquiring an additional 5,988 shares, bringing their total holdings to 25,530 shares valued at nearly $5 million.
• Several institutional investors have also significantly increased their stakes in Cloudflare, with 82.68% of the stock now owned by institutional investors.
• Cloudflare's quarterly earnings exceeded expectations, reporting $0.21 EPS against an estimate of $0.18 EPS, and the company's revenue increased by 27.8% year-over-year.

ASR Vermogensbeheer N.V. boosted its position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 30.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,530 shares of the company's stock after acquiring an additional 5,988 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Cloudflare were worth $4,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company's stock valued at $25,000 after purchasing an additional 202 shares during the period. NBC Securities Inc. bought a new stake in Cloudflare in the first quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC raised its stake in Cloudflare by 213.4% in the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock valued at $29,000 after buying an additional 175 shares during the period. CVA Family Office LLC raised its stake in Cloudflare by 37.1% in the first quarter. CVA Family Office LLC now owns 392 shares of the company's stock valued at $44,000 after buying an additional 106 shares during the period. Finally, Fifth Third Bancorp raised its stake in Cloudflare by 88.5% in the first quarter. Fifth Third Bancorp now owns 441 shares of the company's stock valued at $50,000 after buying an additional 207 shares during the period. 82.68% of the stock is owned by institutional investors.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 10,000 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $227.64, for a total transaction of $2,276,400.00. Following the sale, the chief financial officer owned 189,517 shares of the company's stock, valued at approximately $43,141,649.88. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michelle Zatlyn sold 25,641 shares of the business's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $212.49, for a total value of $5,448,456.09. Following the sale, the insider owned 14,575 shares in the company, valued at $3,097,041.75. This represents a 63.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 727,020 shares of company stock worth $146,028,939 in the last ninety days. Insiders own 10.89% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup increased their price target on Cloudflare from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Robert W. Baird increased their price objective on shares of Cloudflare from $148.00 to $175.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Mizuho increased their price objective on shares of Cloudflare from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Needham & Company LLC increased their price target on shares of Cloudflare from $200.00 to $240.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, DZ Bank reissued a "sell" rating and issued a $170.00 price target on shares of Cloudflare in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $191.28.

Cloudflare Price Performance

NET stock opened at $216.95 on Friday. The company's 50-day moving average price is $210.27 and its two-hundred day moving average price is $171.44. The firm has a market cap of $75.60 billion, a P/E ratio of -638.08 and a beta of 1.99. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. Cloudflare, Inc. has a 12 month low of $79.16 and a 12 month high of $230.10.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The business had revenue of $512.32 million for the quarter, compared to analysts' expectations of $501.58 million. During the same period last year, the firm posted $0.20 earnings per share. The firm's quarterly 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. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal 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.

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