ASR Vermogensbeheer N.V. Buys 5,988 Shares of Cloudflare, Inc. $NET

ASR Vermogensbeheer N.V. boosted its stake in Cloudflare, Inc. (NYSE:NET) by 30.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,530 shares of the company’s stock after acquiring an additional 5,988 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Cloudflare were worth $4,999,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 valued at $3,475,011,000 after purchasing an additional 538,850 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cloudflare by 33.5% during 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 acquiring an additional 786,063 shares during the last quarter. American Century Companies Inc. boosted its position in 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 acquiring an additional 779,819 shares during the last quarter. Northern Trust Corp boosted its position in Cloudflare by 1.7% during the first quarter. Northern Trust Corp now owns 1,880,888 shares of the company’s stock valued at $211,957,000 after acquiring an additional 31,745 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cloudflare by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,321,208 shares of the company’s stock valued at $148,887,000 after purchasing an additional 99,448 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Cloudflare Stock Down 3.4%

Cloudflare stock opened at $216.95 on Friday. Cloudflare, Inc. has a 1-year low of $79.16 and a 1-year high of $230.10. The firm has a market capitalization of $75.60 billion, a price-to-earnings ratio of -638.08 and a beta of 1.99. The firm’s fifty day moving average price is $210.27 and its two-hundred day moving average price is $171.44. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The firm had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. During the same period last year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. 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 predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 381,213 shares in the company, valued at approximately $70,364,295.54. This trade represents a 12.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas J. Seifert sold 59,130 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the transaction, the chief financial officer directly owned 241,550 shares in the company, valued at $48,382,465. The trade was a 19.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 727,020 shares of company stock worth $146,028,939 over the last three months. Company insiders own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NET shares. Guggenheim upped their target price on Cloudflare from $70.00 to $111.00 and gave the company a “sell” rating in a research report on Friday, August 1st. Scotiabank increased their price target on Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. Needham & Company LLC increased their price target on Cloudflare from $200.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, August 1st. UBS Group increased their target price on shares of Cloudflare from $145.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Citigroup increased their target price on shares of Cloudflare from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $191.28.

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.