National Pension Service Purchases 187,550 Shares of Cloudflare, Inc. $NET

National Pension Service lifted its position in Cloudflare, Inc. (NYSE:NET) by 44.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 612,723 shares of the company’s stock after purchasing an additional 187,550 shares during the quarter. National Pension Service owned 0.18% of Cloudflare worth $119,990,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Bank of America boosted their price objective on Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. JMP Securities set a $270.00 price objective on Cloudflare in a report on Friday, October 31st. KeyCorp lifted their target price on Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Needham & Company LLC upped their price target on Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Scotiabank raised their price target on Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $235.35.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $225.46 on Thursday. The company has a market capitalization of $78.97 billion, a price-to-earnings ratio of -751.53 and a beta of 2.10. The firm’s 50 day simple moving average is $222.05 and its 200 day simple moving average is $194.25. 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 $87.77 and a fifty-two week high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period last 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 forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Activity at Cloudflare

In other news, Director Carl Ledbetter sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.65, for a total value of $3,159,750.00. Following the completion of the transaction, the director owned 998,073 shares in the company, valued at $210,244,077.45. This represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas J. Seifert sold 10,000 shares of the stock in a transaction on 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 sale, the chief financial officer directly owned 189,517 shares of the company’s stock, valued at $40,141,595.77. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 638,060 shares of company stock valued at $133,217,328 over the last 90 days. Insiders own 10.89% of the company’s stock.

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.