Vanguard Personalized Indexing Management LLC Purchases 6,218 Shares of Cloudflare, Inc. $NET

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Cloudflare, Inc. by 15.5% during Q2, now owning 46,377 shares worth approximately $9.08 million.
• Insiders at Cloudflare have sold 673,534 shares valued at $137.4 million over the past three months, indicating a significant reduction in their ownership.
• Cloudflare's stock has received various price target upgrades from analysts, with Bank of America setting theirs at $240 and Stifel Nicolaus at $230, reflecting a positive outlook.

Vanguard Personalized Indexing Management LLC increased its position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 15.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,377 shares of the company's stock after buying an additional 6,218 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Cloudflare were worth $9,083,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. raised its stake in Cloudflare by 1,188.2% during the first quarter. Mather Group LLC. now owns 219 shares of the company's stock worth $25,000 after buying an additional 202 shares during the last quarter. NBC Securities Inc. bought a new stake in Cloudflare in the first quarter valued at $27,000. GPS Wealth Strategies Group LLC increased its stake in Cloudflare by 213.4% in the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. Hilltop National Bank bought a new stake in Cloudflare in the second quarter valued at $36,000. Finally, Ameritas Advisory Services LLC bought a new stake in Cloudflare in the second quarter valued at $39,000. Institutional investors own 82.68% of the company's stock.

Insider Activity

In related news, insider Michelle Zatlyn sold 35,100 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 14,575 shares in the company, valued at approximately $2,794,173.25. The trade was a 70.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas J. Seifert sold 59,130 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,382,465. This trade represents a 19.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 673,534 shares of company stock valued at $137,405,454 in the last three months. 10.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NET has been the subject of several research analyst reports. Stifel Nicolaus lifted their price target on shares of Cloudflare from $175.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, August 1st. UBS Group lifted their price target on shares of Cloudflare from $145.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Bank of America lifted their price target on shares of Cloudflare from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Piper Sandler lifted their price target on shares of Cloudflare from $151.00 to $224.00 and gave the company a "neutral" rating in a research note 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 research note on Friday, August 1st. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare currently has a consensus rating of "Moderate Buy" and a consensus price target of $196.54.

Cloudflare Stock Down 3.2%

Shares of NYSE NET opened at $213.95 on Monday. The stock has a market capitalization of $74.56 billion, a P/E ratio of -629.26 and a beta of 1.99. The company has a 50-day moving average price of $211.99 and a 200-day moving average price of $175.57. Cloudflare, Inc. has a 1 year low of $85.60 and a 1 year high of $230.10. 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 (NYSE:NET - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The firm had revenue of $512.32 million during the quarter, compared to analysts' expectations 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 revenue was up 27.8% on a year-over-year basis. During the same period last year, the company 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. On average, equities research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Cloudflare Company 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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