Cloudflare, Inc. $NET Stock Holdings Raised by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Cloudflare, Inc. (NYSE:NET) by 6.2% in the 2nd quarter, bringing their total holdings to 169,703 shares worth approximately $33.2 million.
• Insider transactions revealed significant sales, including Michelle Zatlyn selling 35,100 shares for over $6.7 million, and CEO Matthew Prince selling 52,384 shares valued at around $10.5 million.
• Cloudflare's stock is rated as a "Moderate Buy" with a consensus price target of $196.54, following various price target upgrades from several analysts.

Aberdeen Group plc lifted its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,703 shares of the company's stock after purchasing an additional 9,977 shares during the period. Aberdeen Group plc's holdings in Cloudflare were worth $33,233,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NET. PDS Planning Inc bought a new position in Cloudflare during the 2nd quarter worth approximately $298,000. Blue Trust Inc. raised its position in shares of Cloudflare by 388.2% during the 2nd quarter. Blue Trust Inc. now owns 2,802 shares of the company's stock valued at $549,000 after acquiring an additional 2,228 shares in the last quarter. Moseley Investment Management Inc. bought a new position in Cloudflare during the second quarter worth $295,000. IFP Advisors Inc boosted its holdings in Cloudflare by 32.7% in the second quarter. IFP Advisors Inc now owns 2,049 shares of the company's stock worth $401,000 after purchasing an additional 505 shares during the period. Finally, Callan Family Office LLC bought a new stake in Cloudflare during the second quarter valued at $926,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NET has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of Cloudflare from $175.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Weiss Ratings restated a "sell (d-)" rating on shares of Cloudflare in a research note on Wednesday, October 8th. Cantor Fitzgerald increased their price target on Cloudflare from $162.00 to $199.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Piper Sandler raised their price target on Cloudflare from $151.00 to $224.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Finally, DZ Bank restated a "sell" rating and set a $170.00 price objective on shares of Cloudflare in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Cloudflare presently has a consensus rating of "Moderate Buy" and an average price target of $196.54.

Insider Transactions at Cloudflare

In other news, insider Michelle Zatlyn sold 35,100 shares of Cloudflare 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 transaction, the insider directly owned 14,575 shares in the company, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Prince sold 52,384 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $200.43, for a total value of $10,499,325.12. Following the completion of the sale, the chief executive officer directly owned 20,111 shares in the company, valued at $4,030,847.73. This represents a 72.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 673,534 shares of company stock valued at $137,405,454. Company insiders own 10.89% of the company's stock.

Cloudflare Stock Performance

Shares of NET stock opened at $213.95 on Monday. Cloudflare, Inc. has a 12-month low of $85.60 and a 12-month high of $230.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The firm has a market capitalization of $74.56 billion, a price-to-earnings ratio of -629.26 and a beta of 1.99. The business has a 50 day simple moving average of $211.99 and a 200 day simple moving average of $175.57.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The company 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 firm's quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, equities research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Cloudflare 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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