Truvestments Capital LLC purchased a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,318 shares of the company's stock, valued at approximately $261,000.
Several other institutional investors and hedge funds have also made changes to their positions in NET. Dimensional Fund Advisors LP raised its stake in Cloudflare by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 361,607 shares of the company's stock valued at $38,943,000 after purchasing an additional 18,457 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Cloudflare by 184.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the company's stock valued at $274,000 after buying an additional 1,651 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Cloudflare by 30.6% during the fourth quarter. Stifel Financial Corp now owns 47,050 shares of the company's stock valued at $5,066,000 after buying an additional 11,011 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Cloudflare by 59.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 9,068 shares of the company's stock valued at $976,000 after buying an additional 3,388 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new stake in Cloudflare in the 4th quarter worth approximately $235,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
NET has been the topic of several analyst reports. Stifel Nicolaus raised their price objective on Cloudflare from $175.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Cowen reiterated a "buy" rating on shares of Cloudflare in a report on Monday, June 16th. Scotiabank raised their target price on shares of Cloudflare from $135.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Cantor Fitzgerald upped their price target on shares of Cloudflare from $162.00 to $199.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company lifted their price target on shares of Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $191.28.
Get Our Latest Research Report on Cloudflare
Cloudflare Trading Down 2.1%
NET stock traded down $4.46 during midday trading on Monday, reaching $208.96. 2,095,088 shares of the company's stock traded hands, compared to its average volume of 2,356,969. The company has a market capitalization of $72.82 billion, a P/E ratio of -614.60 and a beta of 1.95. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. Cloudflare, Inc. has a fifty-two week low of $74.88 and a fifty-two week high of $219.00. The business has a 50-day moving average price of $196.16 and a two-hundred day moving average price of $158.05.
Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 6.22% and a negative return on equity of 8.42%. The business's quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Equities research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.
Insider Buying and Selling
In other Cloudflare news, CFO Thomas J. Seifert sold 59,130 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $200.30, for a total value of $11,843,739.00. Following the completion of the transaction, the chief financial officer owned 241,550 shares in the company, valued at $48,382,465. This represents a 19.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michelle Zatlyn sold 35,100 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the completion of the sale, the insider directly owned 14,575 shares of the company's stock, valued at $2,794,173.25. This trade represents a 70.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 728,705 shares of company stock worth $137,798,322. Company insiders own 10.89% of the company's stock.
Cloudflare Profile
(
Free Report)
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.
Read More
Before you consider Cloudflare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cloudflare wasn't on the list.
While Cloudflare currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
