1,156 Shares in Cloudflare, Inc. $NET Bought by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d investissement inc. has invested $226,000 in Cloudflare, Inc., acquiring 1,156 shares of the company during the second quarter.
• Cloudflare's stock has seen significant analyst attention, with price targets raised by firms like Royal Bank Of Canada and Morgan Stanley, indicating strong investor confidence.
• Insider transactions have been notable, with CFO Thomas J. Seifert selling over 59,000 shares, reflecting a 19.67% decrease in his holdings, amidst a broader trend of insiders selling 665,738 shares valued at approximately $132 million last quarter.

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,156 shares of the company's stock, valued at approximately $226,000.

A number of other institutional investors have also made changes to their positions in NET. Mather Group LLC. grew its holdings in 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 buying an additional 202 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Cloudflare during the 1st quarter worth approximately $27,000. GPS Wealth Strategies Group LLC grew its holdings in shares of Cloudflare by 213.4% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock worth $29,000 after purchasing an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cloudflare by 115.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock worth $30,000 after purchasing an additional 142 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Cloudflare during the 4th quarter worth approximately $43,000. 82.68% of the stock is owned by institutional investors.

Cloudflare Stock Performance

NET traded up $2.81 during mid-day trading on Friday, reaching $226.38. 4,004,051 shares of the company traded hands, compared to its average volume of 2,061,458. The stock has a market capitalization of $78.89 billion, a P/E ratio of -665.82 and a beta of 1.95. 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 company's fifty day moving average price is $204.65 and its 200-day moving average price is $164.68. Cloudflare, Inc. has a 52-week low of $77.80 and a 52-week high of $230.10.

Cloudflare (NYSE:NET - Get Free Report) last issued 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 firm had revenue of $512.32 million during the quarter, compared to the consensus estimate of $501.58 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The company's revenue for the quarter 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, sell-side analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 59,130 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 241,550 shares of the company's stock, valued at $48,382,465. This represents a 19.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michelle Zatlyn sold 35,100 shares of the company's stock in a transaction dated 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 in the company, valued at $2,794,173.25. This represents a 70.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 665,738 shares of company stock worth $131,968,542 over the last 90 days. Company insiders own 10.89% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on NET shares. Citigroup boosted 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. DZ Bank restated a "sell" rating and issued a $170.00 price objective on shares of Cloudflare in a research note on Tuesday, July 22nd. Wells Fargo & Company raised their price objective on Cloudflare from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Royal Bank Of Canada raised their price objective on Cloudflare from $210.00 to $228.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, UBS Group boosted their price objective on Cloudflare from $145.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.