Financiere des Professionnels Fonds d investissement inc. Takes $226,000 Position in Cloudflare, Inc. $NET

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Cloudflare, purchasing 1,156 shares valued at approximately $226,000 during the second quarter, as reported to the SEC.
• Cloudflare's recent earnings report showed an EPS of $0.21, exceeding estimates and reflecting a 27.8% revenue increase year-over-year.
• Several analysts have recently raised their price targets on Cloudflare, with Wells Fargo increasing theirs from $225 to $250, indicating a general optimism about the stock's future performance.

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

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Mather Group LLC. grew its position in shares of Cloudflare by 1,188.2% during the 1st quarter. Mather Group LLC. now owns 219 shares of the company's stock worth $25,000 after purchasing an additional 202 shares in the last quarter. NBC Securities Inc. acquired a new stake in Cloudflare during the first quarter worth approximately $27,000. GPS Wealth Strategies Group LLC grew its position in Cloudflare by 213.4% during the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock worth $29,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in 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 acquiring an additional 142 shares during the period. Finally, Global Financial Private Client LLC raised its holdings in Cloudflare by 38,100.0% in the 1st quarter. Global Financial Private Client LLC now owns 382 shares of the company's stock valued at $43,000 after acquiring an additional 381 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.

Cloudflare Stock Performance

NYSE:NET opened at $226.38 on Friday. The stock's 50-day moving average is $204.65 and its 200-day moving average is $164.68. Cloudflare, Inc. has a 1-year low of $77.80 and a 1-year high of $230.10. 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 stock has a market cap of $78.89 billion, a P/E ratio of -665.82 and a beta of 1.95.

Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $501.58 million. During the same period last year, the company earned $0.20 EPS. The firm'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. Equities research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $226.46, for a total transaction of $11,862,880.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $195.61, for a total value of $5,015,636.01. Following the completion of the transaction, the insider directly owned 14,575 shares in the company, valued at approximately $2,851,015.75. This represents a 63.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 665,738 shares of company stock valued at $131,968,542 over the last ninety days. 10.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NET. Wells Fargo & Company increased their target price on Cloudflare from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Morgan Stanley upped their price objective on shares of Cloudflare from $225.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Bank of America raised their target price on shares of Cloudflare from $235.00 to $240.00 and gave the company a "buy" rating in a report on Friday, August 1st. Royal Bank Of Canada boosted their target price on shares of Cloudflare from $210.00 to $228.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Guggenheim increased their price target on shares of Cloudflare from $70.00 to $111.00 and gave the stock a "sell" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $191.28.

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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