Moseley Investment Management Inc. Purchases New Position in Cloudflare, Inc. $NET

Key Points

• Moseley Investment Management Inc. acquired a new stake in Cloudflare, purchasing 1,506 shares valued at approximately $295,000 in the second quarter.
• Several large investors, including UBS Asset Management and American Century Companies Inc., significantly increased their holdings in Cloudflare, contributing to a high institutional ownership of 82.68%.
• Cloudflare reported a quarterly revenue of $512.32 million, exceeding analyst expectations, while also offering updated earnings guidance for the upcoming fiscal periods.

Moseley Investment Management Inc. purchased a new stake in Cloudflare, Inc. (NYSE:NET - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,506 shares of the company's stock, valued at approximately $295,000.

A number of other large investors have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Cloudflare by 33.5% in 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 acquiring an additional 786,063 shares during the period. Nuveen LLC bought a new position in shares of Cloudflare in the 1st quarter worth $88,203,000. American Century Companies Inc. raised its position in shares of Cloudflare by 34.5% in the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company's stock worth $342,287,000 after acquiring an additional 779,819 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Cloudflare by 129.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company's stock worth $123,647,000 after acquiring an additional 619,526 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Cloudflare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company's stock worth $3,475,011,000 after acquiring an additional 538,850 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NET shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Cloudflare in a research report on Wednesday. Cowen reissued a "buy" rating on shares of Cloudflare in a research report on Monday, June 16th. Scotiabank boosted their price target on Cloudflare from $135.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Needham & Company LLC increased their price objective on Cloudflare from $200.00 to $240.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Citigroup increased their price objective on Cloudflare from $240.00 to $255.00 and gave the company a "buy" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $196.54.

Cloudflare Stock Performance

Shares of NET stock opened at $220.78 on Friday. The firm has a market capitalization of $76.94 billion, a price-to-earnings ratio of -649.35 and a beta of 1.99. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The business has a fifty day moving average of $211.72 and a 200 day moving average of $174.20. Cloudflare, Inc. has a 1 year low of $84.48 and a 1 year 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The company had revenue of $512.32 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. 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, research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Transactions at Cloudflare

In related news, CFO Thomas J. Seifert sold 34,270 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $200.17, for a total value of $6,859,825.90. Following the completion of the transaction, the chief financial officer owned 241,550 shares in the company, valued at $48,351,063.50. This trade represents a 12.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $200.43, for a total value of $10,499,325.12. Following the completion of the transaction, the chief executive officer owned 20,111 shares of the company's stock, valued at $4,030,847.73. This trade represents a 72.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 673,534 shares of company stock worth $137,405,454. 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.

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