Cloudflare, Inc. $NET Shares Acquired by Aviva PLC

Aviva PLC increased its position in shares of Cloudflare, Inc. (NYSE:NET) by 125.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,812 shares of the company’s stock after acquiring an additional 128,553 shares during the period. Aviva PLC’s holdings in Cloudflare were worth $45,200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NET. Quaker Wealth Management LLC grew its stake in shares of Cloudflare by 218.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock worth $33,000 after purchasing an additional 306 shares during the last quarter. Hilltop National Bank purchased a new position in Cloudflare during the 2nd quarter valued at about $36,000. Ameritas Advisory Services LLC purchased a new stake in Cloudflare in the 2nd quarter worth approximately $39,000. Cullen Frost Bankers Inc. acquired a new position in shares of Cloudflare in the second quarter worth $45,000. Finally, Whipplewood Advisors LLC boosted its position in Cloudflare by 277.6% during the second quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock valued at $50,000 after purchasing an additional 186 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NET has been the topic of several research reports. KeyCorp upped their target price on Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. DZ Bank raised shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective on the stock in a research report on Wednesday, November 5th. Mizuho boosted their target price on shares of Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Bank of America lifted their price objective 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. Finally, Citizens Jmp raised their target price on shares of Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.16.

Insider Transactions at Cloudflare

In other news, insider Douglas James Kramer sold 3,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $255.53, for a total value of $766,590.00. Following the completion of the sale, the insider owned 129,185 shares of the company’s stock, valued at approximately $33,010,643.05. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark J. Hawkins sold 1,000 shares of Cloudflare stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $254.15, for a total transaction of $254,150.00. Following the completion of the sale, the director owned 10,990 shares of the company’s stock, valued at $2,793,108.50. This trade represents a 8.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 638,060 shares of company stock valued at $133,217,328. Company insiders own 10.89% of the company’s stock.

Cloudflare Trading Up 3.2%

NET opened at $233.03 on Monday. The firm has a 50 day simple moving average of $220.49 and a 200 day simple moving average of $192.37. The company has a market cap of $81.63 billion, a price-to-earnings ratio of -776.77 and a beta of 2.10. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. Cloudflare, Inc. has a fifty-two week low of $87.24 and a fifty-two week high of $260.00.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $430.08 million during the quarter, compared to analyst estimates of $544.87 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current 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.