Cloudflare, Inc. $NET Shares Purchased by RPG Investment Advisory LLC

Key Points

• RPG Investment Advisory LLC increased its stake in Cloudflare, acquiring an additional 129,007 shares and raising its total ownership to 296,862 shares.
• Cloudflare reported a quarterly revenue of $512.32 million, exceeding expectations and showing a 27.8% increase year-over-year, despite a negative net margin.
• Insider trading activity included significant sales by executives, with a total of 630,323 shares sold, reflecting ongoing adjustments in ownership among company insiders.

RPG Investment Advisory LLC grew its stake in Cloudflare, Inc. (NYSE:NET - Free Report) by 76.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 296,862 shares of the company's stock after acquiring an additional 129,007 shares during the quarter. Cloudflare comprises about 2.4% of RPG Investment Advisory LLC's portfolio, making the stock its 12th biggest position. RPG Investment Advisory LLC owned approximately 0.09% of Cloudflare worth $33,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NET. Fred Alger Management LLC increased its holdings in shares of Cloudflare by 856.3% in the 4th quarter. Fred Alger Management LLC now owns 934,286 shares of the company's stock valued at $100,604,000 after acquiring an additional 836,591 shares during the period. Nuveen LLC acquired a new stake in shares of Cloudflare in the 1st quarter worth $88,203,000. American Century Companies Inc. boosted 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 purchasing an additional 779,819 shares in the last quarter. Raymond James Financial Inc. boosted 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 purchasing an additional 619,526 shares in the last quarter. Finally, Vanguard Group Inc. boosted 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 purchasing an additional 538,850 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $171.25, for a total transaction of $8,970,760.00. Following the completion of the sale, the chief executive officer directly owned 381,213 shares in the company, valued at approximately $65,282,726.25. The trade was a 12.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michelle Zatlyn sold 25,642 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $173.00, for a total value of $4,436,066.00. Following the transaction, the insider owned 6,390 shares in the company, valued at approximately $1,105,470. This represents a 80.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 630,323 shares of company stock worth $118,661,105 in the last 90 days. 10.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. DZ Bank reissued a "sell" rating and issued a $170.00 price objective on shares of Cloudflare in a research report on Tuesday, July 22nd. Guggenheim raised their price objective on Cloudflare from $70.00 to $111.00 and gave the stock a "sell" rating in a research report on Friday, August 1st. Cowen reissued a "buy" rating on shares of Cloudflare in a research report on Monday, June 16th. UBS Group raised their price objective on Cloudflare from $145.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, JMP Securities raised their price objective on Cloudflare from $180.00 to $225.00 and gave the stock a "market outperform" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Cloudflare currently has an average rating of "Moderate Buy" and a consensus target price of $191.28.

Cloudflare Stock Performance

NET traded up $3.1630 on Friday, reaching $195.9330. 1,416,685 shares of the stock were exchanged, compared to its average volume of 2,910,497. The company's 50-day moving average price is $193.75 and its 200 day moving average price is $156.93. Cloudflare, Inc. has a fifty-two week low of $74.88 and a fifty-two week high of $219.00. 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 firm has a market capitalization of $68.28 billion, a PE ratio of -576.27 and a beta of 1.84.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 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 analysts' expectations 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 was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, sell-side analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

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.