Mn Services Vermogensbeheer B.V. Buys 8,300 Shares of Cloudflare, Inc. $NET

Key Points

• Mn Services Vermogensbeheer B.V. increased its holdings in Cloudflare, Inc. by 7.7% during Q2, acquiring a total of 115,400 shares valued at approximately $22.60 million.
• Insiders at Cloudflare have sold a total of 665,738 shares worth $131.97 million in the last quarter, indicating a significant decrease in their ownership positions.
• Cloudflare reported a Q2 EPS of $0.21, surpassing analysts' expectations, with revenues increasing by 27.8% year-over-year to $512.32 million.

Mn Services Vermogensbeheer B.V. increased its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 7.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 115,400 shares of the company's stock after buying an additional 8,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Cloudflare were worth $22,599,000 as of its most recent filing with the SEC.

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

Cloudflare Price Performance

Shares of Cloudflare stock traded up $2.61 on Monday, hitting $228.55. The company's stock had a trading volume of 788,816 shares, compared to its average volume of 3,456,200. The firm has a fifty day moving average price of $204.65 and a 200-day moving average price of $165.07. Cloudflare, Inc. has a 52-week low of $77.80 and a 52-week high of $230.10. The company has a market capitalization of $79.65 billion, a P/E ratio of -669.69 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 posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. During the same period in the prior year, the company posted $0.20 EPS. The business'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. On average, equities research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, Director Carl Ledbetter sold 15,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $195.73, for a total transaction of $2,935,950.00. Following the completion of the sale, the director directly owned 1,028,073 shares in the company, valued at approximately $201,224,728.29. This trade represents a 1.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Graham-Cumming sold 10,215 shares of the firm's stock in a transaction dated 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 owned 495,191 shares of the company's stock, valued at approximately $102,167,807.12. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 665,738 shares of company stock valued at $131,968,542 over the last quarter. 10.89% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NET. JMP Securities boosted their price target on Cloudflare from $180.00 to $225.00 and gave the stock a "market outperform" rating in a research report on Monday, July 28th. Needham & Company LLC raised their target price on Cloudflare from $200.00 to $240.00 and gave the company a "buy" rating in a report on Friday, August 1st. Stifel Nicolaus boosted their price target on Cloudflare from $175.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Morgan Stanley boosted their price objective on Cloudflare from $225.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Piper Sandler increased their price target on Cloudflare from $151.00 to $224.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently 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.