IFM Investors Pty Ltd Has $11.50 Million Stake in Cloudflare, Inc. $NET

Key Points

• IFM Investors Pty Ltd increased its stake in Cloudflare, Inc. by 4.5% during the second quarter, acquiring an additional 2,538 shares, bringing its total holdings to 58,716 shares valued at approximately $11.5 million.
• Several institutional investors have also raised their positions in Cloudflare, with Vanguard Group increasing its stake by 1.8% and American Century Companies boosting their stake by 34.5% in the first quarter.
• Cloudflare reported earnings of $0.21 per share, exceeding analysts' expectations, with quarterly revenue reaching $512.32 million, a year-over-year growth of 27.8%.

IFM Investors Pty Ltd lifted its position in Cloudflare, Inc. (NYSE:NET - Free Report) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,716 shares of the company's stock after buying an additional 2,538 shares during the quarter. IFM Investors Pty Ltd's holdings in Cloudflare were worth $11,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NET. Vanguard Group Inc. lifted its position in shares of Cloudflare by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company's stock worth $3,475,011,000 after purchasing an additional 538,850 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company's stock worth $352,610,000 after purchasing an additional 786,063 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company's stock worth $342,287,000 after buying an additional 779,819 shares during the last quarter. Northern Trust Corp raised its stake in Cloudflare by 1.7% during the 1st quarter. Northern Trust Corp now owns 1,880,888 shares of the company's stock valued at $211,957,000 after purchasing an additional 31,745 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Cloudflare by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,321,208 shares of the company's stock valued at $148,887,000 after purchasing an additional 99,448 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.

Cloudflare Price Performance

NET stock traded up $2.27 during midday trading on Monday, reaching $228.21. 1,642,953 shares of the company's stock traded hands, compared to its average volume of 3,460,495. The company has a 50-day simple moving average of $204.65 and a two-hundred day simple moving average of $165.07. Cloudflare, Inc. has a 1-year low of $77.80 and a 1-year high of $230.10. The company has a market cap of $79.53 billion, a price-to-earnings ratio of -671.19 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.

Cloudflare (NYSE:NET - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. During the same period last year, the company posted $0.20 earnings per share. The firm's quarterly 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. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

NET has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Cloudflare from $145.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wells Fargo & Company upped their price target on Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Piper Sandler upped their price target on Cloudflare from $151.00 to $224.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Stifel Nicolaus upped their target price on Cloudflare from $175.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Morgan Stanley upped their target price on Cloudflare from $225.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $191.28.

Insiders Place Their Bets

In other news, CFO Thomas J. Seifert sold 41,555 shares of Cloudflare stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total value of $7,922,045.20. Following the completion of the sale, the chief financial officer directly owned 189,517 shares of the company's stock, valued at approximately $36,129,520.88. This trade represents a 17.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Graham-Cumming sold 10,215 shares of Cloudflare stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $206.32, for a total value of $2,107,558.80. Following the completion of the sale, the director directly owned 495,191 shares of the company's stock, valued at $102,167,807.12. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 665,738 shares of company stock valued at $131,968,542 over the last quarter. Company insiders own 10.89% of the company's stock.

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.