Bessemer Group Inc. Has $90.22 Million Stock Holdings in Cloudflare, Inc. $NET

Bessemer Group Inc. cut its stake in shares of Cloudflare, Inc. (NYSE:NET) by 23.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 460,702 shares of the company’s stock after selling 137,378 shares during the period. Bessemer Group Inc. owned 0.13% of Cloudflare worth $90,219,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Cloudflare by 1.8% in the first quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock valued at $3,475,011,000 after buying an additional 538,850 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cloudflare by 33.5% in 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 buying an additional 786,063 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Cloudflare by 34.5% in 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 last quarter. Northern Trust Corp lifted its position in shares of Cloudflare by 1.7% in the first quarter. Northern Trust Corp now owns 1,880,888 shares of the company’s stock valued at $211,957,000 after buying an additional 31,745 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Cloudflare by 8.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,321,208 shares of the company’s stock valued at $148,887,000 after buying an additional 99,448 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of Cloudflare stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total value of $7,922,045.20. Following the completion of the transaction, the chief financial officer directly owned 189,517 shares of the company’s stock, valued at $36,129,520.88. The trade was a 17.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michelle Zatlyn sold 35,100 shares of Cloudflare stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total value of $6,729,021.00. Following the completion of the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at $2,794,173.25. This represents a 70.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 634,540 shares of company stock valued at $132,159,157 in the last three months. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Up 3.4%

NET opened at $225.30 on Tuesday. The company has a market capitalization of $78.51 billion, a P/E ratio of -662.66 and a beta of 1.99. 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 has a fifty day moving average of $214.58 and a 200-day moving average of $183.88. Cloudflare, Inc. has a fifty-two week low of $85.60 and a fifty-two week high of $230.10.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 8.42% and a negative net margin of 6.22%.The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, equities analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

NET has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Citigroup upped their price target on shares of Cloudflare from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Guggenheim reiterated a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. Stifel Nicolaus upped 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. Finally, Needham & Company LLC lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $198.21.

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.