Mitsubishi UFJ Trust & Banking Corp Has $133.05 Million Stock Holdings in Cloudflare, Inc. $NET

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Cloudflare, Inc. (NYSE:NET) by 18.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 679,400 shares of the company’s stock after selling 158,560 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cloudflare were worth $133,047,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Daymark Wealth Partners LLC boosted its position in shares of Cloudflare by 1.1% during the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares in the last quarter. Huntington National Bank increased its position in shares of Cloudflare by 22.8% in the 2nd quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after buying an additional 52 shares in the last quarter. ORG Partners LLC raised its stake in Cloudflare by 11.9% during the 2nd quarter. ORG Partners LLC now owns 498 shares of the company’s stock worth $92,000 after buying an additional 53 shares during the period. Fiduciary Planning LLC lifted its holdings in Cloudflare by 3.0% during the second quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after acquiring an additional 54 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in Cloudflare by 1.9% in the second quarter. Yousif Capital Management LLC now owns 4,044 shares of the company’s stock valued at $792,000 after acquiring an additional 75 shares during the period. Institutional investors own 82.68% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark J. Hawkins sold 1,000 shares of Cloudflare stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $254.15, for a total value of $254,150.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas J. Seifert sold 10,000 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $211.81, for a total transaction of $2,118,100.00. Following the transaction, the chief financial officer owned 189,517 shares in the company, valued at $40,141,595.77. This represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 638,060 shares of company stock worth $133,217,328 in the last quarter. 10.89% of the stock is owned by company insiders.

Cloudflare Price Performance

Shares of NYSE NET opened at $234.96 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The business has a 50-day moving average of $221.66 and a 200-day moving average of $194.03. The stock has a market capitalization of $82.30 billion, a price-to-earnings ratio of -783.21 and a beta of 2.10. Cloudflare, Inc. has a fifty-two week low of $87.77 and a fifty-two week high of $260.00.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Robert W. Baird set a $220.00 price target on Cloudflare in a research report on Friday, October 31st. Argus increased their target price on Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus lifted their price target on shares of Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 31st. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target for the company in a report on Wednesday, November 5th. Finally, JMP Securities set a $270.00 price objective on shares of Cloudflare in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $235.35.

About Cloudflare

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.