Strategic Planning Group LLC Grows Stock Position in Cloudflare, Inc. $NET

Key Points

• Strategic Planning Group LLC increased its stake in Cloudflare, Inc. by 10.8% during the 2nd quarter, owning 37,635 shares valued at approximately $7.37 million.
• Cloudflare has received a consensus rating of "Moderate Buy" from analysts, with price target estimates ranging from $170.00 to $255.00.
• Insider transactions included the sale of over 665,000 shares by executives, indicating 10.89% of stock ownership by corporate insiders.

Strategic Planning Group LLC raised its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,635 shares of the company's stock after purchasing an additional 3,673 shares during the period. Cloudflare accounts for approximately 1.2% of Strategic Planning Group LLC's holdings, making the stock its 26th biggest holding. Strategic Planning Group LLC's holdings in Cloudflare were worth $7,370,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cloudflare by 33.5% in the first 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 buying an additional 786,063 shares in the last quarter. Nuveen LLC bought a new stake in Cloudflare in the first quarter valued at approximately $88,203,000. American Century Companies Inc. boosted its holdings in Cloudflare by 34.5% in the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company's stock valued at $342,287,000 after acquiring an additional 779,819 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Cloudflare by 129.7% during the 1st quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company's stock worth $123,647,000 after buying an additional 619,526 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Cloudflare by 1.8% during the first 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 period. Institutional investors and hedge funds own 82.68% of the company's stock.

Cloudflare Stock Up 1.0%

NYSE NET traded up $2.27 during trading on Monday, reaching $228.21. 2,635,320 shares of the company's stock were exchanged, compared to its average volume of 2,190,832. The company has a 50 day moving average price of $205.56 and a two-hundred day moving average price of $165.78. 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 1 year low of $77.80 and a 1 year high of $230.10. The stock has a market cap of $79.52 billion, a P/E ratio of -671.19 and a beta of 1.95.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping 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 quarter in the previous year, the company earned $0.20 EPS. The company's quarterly revenue was up 27.8% on a year-over-year basis. 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 anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In related news, CFO Thomas J. Seifert sold 34,270 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $200.17, for a total transaction of $6,859,825.90. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $184.58, for a total transaction of $9,669,038.72. Following the completion of the transaction, the chief executive officer directly owned 381,213 shares of the company's stock, valued at $70,364,295.54. This represents a 12.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 690,738 shares of company stock worth $137,603,592. Insiders own 10.89% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NET shares. Robert W. Baird raised 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. Bank of America lifted their price target on Cloudflare from $235.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, August 1st. DZ Bank reissued a "sell" rating and issued a $170.00 target price on shares of Cloudflare in a report on Tuesday, July 22nd. UBS Group upped their price target 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 increased their price target on Cloudflare from $180.00 to $225.00 and gave the company a "market outperform" rating in a research note on Monday, July 28th. One research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $191.28.

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.