Focus Partners Wealth Has $1.73 Million Stock Position in Cloudflare, Inc. $NET

Focus Partners Wealth lifted its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,321 shares of the company's stock after purchasing an additional 2,519 shares during the quarter. Focus Partners Wealth's holdings in Cloudflare were worth $1,727,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mather Group LLC. grew its holdings 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 in the first quarter valued at about $27,000. GPS Wealth Strategies Group LLC boosted its stake in Cloudflare by 213.4% in 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 boosted its stake in Cloudflare by 115.4% in 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 stake in Cloudflare in the fourth quarter valued at about $43,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NET has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on Cloudflare from $175.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Guggenheim raised their price objective on Cloudflare from $70.00 to $111.00 and gave the company a "sell" rating in a research note on Friday, August 1st. JMP Securities raised their price objective on Cloudflare from $180.00 to $225.00 and gave the company a "market outperform" rating in a research note on Monday, July 28th. Wells Fargo & Company increased their target price on Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Robert W. Baird increased their target price on Cloudflare from $148.00 to $175.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. One equities research 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $191.28.

Cloudflare Trading Down 2.9%

Shares of NET stock opened at $219.54 on Wednesday. The company has a market cap of $76.51 billion, a P/E ratio of -645.71 and a beta of 1.95. The stock has a 50 day simple moving average of $202.52 and a two-hundred day simple moving average of $163.19. 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 fifty-two week low of $77.60 and a fifty-two week high of $230.10.

Cloudflare (NYSE:NET - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The business had revenue of $512.32 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the company 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. Research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insiders Place Their Bets

In other Cloudflare news, Director Carl Ledbetter sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $195.73, for a total value of $2,935,950.00. Following the completion of the sale, the director owned 1,028,073 shares of the company's stock, valued at approximately $201,224,728.29. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michelle Zatlyn sold 25,641 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $195.61, for a total value of $5,015,636.01. Following the completion of the sale, the insider directly owned 14,575 shares of the company's stock, valued at $2,851,015.75. This trade represents a 63.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 675,738 shares of company stock valued at $133,776,142 in the last 90 days. Company insiders own 10.89% of the company's stock.

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.

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