Lansforsakringar Fondforvaltning AB publ Acquires 2,645 Shares of Cloudflare, Inc. $NET

Key Points

• Lansforsakringar Fondforvaltning AB publ increased its stake in Cloudflare, Inc. by 2.7%, bringing its total shares to 100,150, valued at approximately $11.3 million.
• Several institutional investors have boosted their positions in Cloudflare, with significant increases from Dimensional Fund Advisors LP (5.4%) and Tower Research Capital LLC TRC (184.3%) in the last quarter.
• Cloudflare reported a quarterly EPS of $0.21, exceeding analysts' expectations, with revenue up 27.8% year-over-year to $512.32 million; however, the company has a negative net margin of 6.22% and a negative return on equity of 8.42%.

Lansforsakringar Fondforvaltning AB publ boosted its position in Cloudflare, Inc. (NYSE:NET - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,150 shares of the company's stock after buying an additional 2,645 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Cloudflare were worth $11,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Cloudflare by 6.2% in the first quarter. Smartleaf Asset Management LLC now owns 1,320 shares of the company's stock worth $152,000 after buying an additional 77 shares in the last quarter. Gill Capital Partners LLC boosted its stake in Cloudflare by 2.9% in the first quarter. Gill Capital Partners LLC now owns 2,761 shares of the company's stock worth $311,000 after buying an additional 79 shares in the last quarter. Spire Wealth Management boosted its stake in Cloudflare by 11.0% in the first quarter. Spire Wealth Management now owns 962 shares of the company's stock worth $108,000 after buying an additional 95 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Cloudflare by 2.5% in the first quarter. Yousif Capital Management LLC now owns 3,969 shares of the company's stock worth $447,000 after buying an additional 98 shares in the last quarter. Finally, Freestone Capital Holdings LLC boosted its stake in Cloudflare by 1.9% in the first quarter. Freestone Capital Holdings LLC now owns 5,263 shares of the company's stock worth $593,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.

Insider Transactions at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,100 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the completion of the transaction, the insider owned 14,575 shares of the company's stock, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $171.25, for a total value of $8,970,760.00. Following the transaction, the chief executive officer owned 381,213 shares of the company's stock, valued at $65,282,726.25. The trade was a 12.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 728,705 shares of company stock worth $137,798,322. Corporate insiders own 10.89% of the company's stock.

Cloudflare Stock Down 2.1%

Cloudflare stock traded down $4.46 on Monday, hitting $208.96. 2,095,088 shares of the stock traded hands, compared to its average volume of 2,356,969. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. The firm has a market cap of $72.82 billion, a P/E ratio of -614.60 and a beta of 1.95. The business's fifty day simple moving average is $196.66 and its 200 day simple moving average is $158.32. Cloudflare, Inc. has a 1 year low of $74.88 and a 1 year high of $219.00.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company's revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. As a group, sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NET. CICC Research raised Cloudflare from a "market perform" rating to an "outperform" rating and set a $154.00 price objective for the company in a research note on Monday, May 12th. Citigroup increased their price objective 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 Cloudflare from $148.00 to $175.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price objective on Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, KeyCorp increased their price objective on Cloudflare from $210.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Cloudflare presently has a consensus rating of "Moderate Buy" and an average target price of $191.28.

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.