Cloudflare, Inc. $NET Stock Holdings Lessened by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has decreased its stake in Cloudflare, Inc. by 12.2%, now holding 62,428 shares valued at approximately $7.03 million.
• Several institutional investors, including Mather Group LLC and MassMutual Private Wealth & Trust FSB, have significantly boosted their positions in Cloudflare, reflecting growing interest in the stock.
• Analysts hold a generally optimistic view on Cloudflare, with a consensus rating of "Moderate Buy" and an average price target of $186.88, despite some sell ratings from a few analysts.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,428 shares of the company's stock after selling 8,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Cloudflare were worth $7,035,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NET. Mather Group LLC. lifted its position in Cloudflare by 1,188.2% during the first quarter. Mather Group LLC. now owns 219 shares of the company's stock valued at $25,000 after buying an additional 202 shares in the last quarter. NBC Securities Inc. acquired a new position in Cloudflare during the first quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC lifted 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 valued at $29,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Cloudflare by 115.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock valued at $30,000 after buying an additional 142 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in Cloudflare during the fourth quarter valued at approximately $43,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Stock Performance

Shares of Cloudflare stock traded down $6.09 during trading on Wednesday, hitting $190.42. 2,149,424 shares of the stock were exchanged, compared to its average volume of 3,629,233. The stock's fifty day moving average is $192.56 and its 200 day moving average is $155.70. The stock has a market cap of $66.36 billion, a PE ratio of -560.10 and a beta of 1.84. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. Cloudflare, Inc. has a 12 month low of $74.88 and a 12 month high of $219.00.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly 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. The business had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The company's quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 59,130 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the completion of the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,382,465. This trade represents a 19.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michelle Zatlyn sold 25,642 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $173.00, for a total transaction of $4,436,066.00. Following the sale, the insider directly owned 6,390 shares of the company's stock, valued at $1,105,470. This represents a 80.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 484,000 shares of company stock worth $90,260,330. Company insiders own 10.89% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Cloudflare from $210.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company upped their target price on shares of Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Susquehanna decreased their target price on shares of Cloudflare from $170.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. JMP Securities upped their target price on shares of Cloudflare from $180.00 to $225.00 and gave the company a "market outperform" rating in a research note on Monday, July 28th. Finally, Citigroup upped their target price on shares of Cloudflare from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.