Union Bancaire Privee UBP SA Acquires 9,718 Shares of Cloudflare, Inc. $NET

Key Points

• Union Bancaire Privee UBP SA increased its stake in Cloudflare, Inc. by 23.8%, acquiring an additional 9,718 shares, raising its total holdings to 50,564 shares valued at approximately $9.9 million.
• Recent analyst ratings show a wide range of price targets for Cloudflare, with UBS Group setting a target of $200, while Morgan Stanley increased its target to $235, indicating continued investor interest.
• Insiders, including CFO Thomas J. Seifert and Director John Graham-Cumming, have recently sold shares totaling over $4 million, which reflects 10.89% insider ownership remaining.

Union Bancaire Privee UBP SA raised its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 23.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,564 shares of the company's stock after purchasing an additional 9,718 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Cloudflare were worth $9,902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NET. GAMMA Investing LLC increased its stake in shares of Cloudflare by 86.8% during the first quarter. GAMMA Investing LLC now owns 1,093 shares of the company's stock valued at $123,000 after buying an additional 508 shares during the period. Wealthedge Investment Advisors LLC increased its stake in shares of Cloudflare by 64.5% during the first quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company's stock valued at $1,367,000 after buying an additional 4,755 shares during the period. American Century Companies Inc. increased its stake in shares of Cloudflare by 34.5% during the first 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 during the period. Crossmark Global Holdings Inc. increased its stake in shares of Cloudflare by 9.6% during the first quarter. Crossmark Global Holdings Inc. now owns 2,635 shares of the company's stock valued at $297,000 after buying an additional 230 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Cloudflare by 7.0% during the first quarter. Amalgamated Bank now owns 21,402 shares of the company's stock valued at $2,412,000 after buying an additional 1,400 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NET has been the topic of several research reports. UBS Group raised their price target on Cloudflare from $145.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Cantor Fitzgerald raised their price target on Cloudflare from $162.00 to $199.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Piper Sandler raised their price target on Cloudflare from $151.00 to $224.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Stifel Nicolaus raised their price target on Cloudflare from $175.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Morgan Stanley lifted their target price on Cloudflare from $225.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $191.28.

Insider Transactions at Cloudflare

In related news, CFO Thomas J. Seifert sold 10,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $227.64, for a total value of $2,276,400.00. Following the sale, the chief financial officer owned 189,517 shares in the company, valued at $43,141,649.88. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Graham-Cumming sold 10,215 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $102,167,807.12. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 718,020 shares of company stock valued at $144,107,619 over the last quarter. Company insiders own 10.89% of the company's stock.

Cloudflare Price Performance

Shares of NET stock opened at $218.55 on Tuesday. Cloudflare, Inc. has a fifty-two week low of $77.80 and a fifty-two week high of $230.10. The firm has a market capitalization of $76.16 billion, a price-to-earnings ratio of -642.79 and a beta of 1.95. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The stock's 50-day simple moving average is $208.20 and its 200-day simple moving average is $169.34.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates 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 firm earned $0.20 earnings per share. The company's 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. As a group, equities analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share 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.

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