Vanguard Personalized Indexing Management LLC Grows Stake in Cloudflare, Inc. $NET

Vanguard Personalized Indexing Management LLC raised its stake in Cloudflare, Inc. (NYSE:NET) by 15.5% during the second quarter, Holdings Channel reports. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NET. Mather Group LLC. boosted its stake in Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. NBC Securities Inc. purchased a new position in Cloudflare in the first quarter valued at about $27,000. GPS Wealth Strategies Group LLC boosted 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 acquiring an additional 175 shares during the last quarter. Hilltop National Bank purchased a new position in Cloudflare in the second quarter valued at about $36,000. Finally, Ameritas Advisory Services LLC purchased a new position in Cloudflare in the second quarter valued at about $39,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NET has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their target price on shares of Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. JMP Securities boosted their price target on shares of Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a research report on Monday, July 28th. Mizuho boosted their price target on shares of Cloudflare from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus boosted their price target on shares of Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 1st. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.54.

Insider Buying and Selling at Cloudflare

In related news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $226.46, for a total transaction of $11,862,880.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carl Ledbetter sold 15,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $223.91, for a total transaction of $3,358,650.00. Following the completion of the transaction, the director directly owned 1,013,073 shares in the company, valued at $226,837,175.43. The trade was a 1.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 673,534 shares of company stock worth $137,405,454 in the last ninety days. Insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Cloudflare stock opened at $213.95 on Monday. The firm’s 50 day simple moving average is $211.99 and its 200 day simple moving average is $175.57. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $74.56 billion, a PE ratio of -629.26 and a beta of 1.99. Cloudflare, Inc. has a 1-year low of $85.60 and a 1-year high of $230.10.

Cloudflare (NYSE:NET) last posted its 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. The business had revenue of $512.32 million for 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%. Cloudflare’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. 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, analysts expect that Cloudflare, Inc. will post -0.11 earnings per share 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.