Cloudflare, Inc. $NET Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its stake in Cloudflare, Inc. (NYSE:NET) by 1.8% during the second quarter, HoldingsChannel.com reports. The firm owned 112,300 shares of the company’s stock after purchasing an additional 2,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Cloudflare were worth $21,992,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NET. Mather Group LLC. raised its stake in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after purchasing an additional 202 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Cloudflare in the 1st quarter valued at about $27,000. GPS Wealth Strategies Group LLC raised its stake in shares of Cloudflare by 213.4% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of Cloudflare in the 2nd quarter valued at about $36,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Cloudflare in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Price Performance

NYSE NET opened at $217.67 on Wednesday. Cloudflare, Inc. has a 52 week low of $79.16 and a 52 week high of $230.10. 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 stock has a market cap of $75.86 billion, a price-to-earnings ratio of -640.22 and a beta of 1.99. The company has a 50-day moving average price of $211.07 and a two-hundred day moving average price of $173.21.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The firm had revenue of $512.32 million during the quarter, compared to analysts’ expectations of $501.58 million. During the same quarter in the prior year, the firm earned $0.20 EPS. Cloudflare’s quarterly revenue was up 27.8% on a year-over-year basis. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Cloudflare from $135.00 to $200.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Saturday, September 27th. Robert W. Baird increased their price objective on shares of Cloudflare from $148.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Piper Sandler increased their price objective on shares of Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald increased their price objective on shares of Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus target price of $196.54.

Insider Activity

In other Cloudflare news, CFO Thomas J. Seifert sold 59,130 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $200.30, for a total value of $11,843,739.00. Following the completion of the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,382,465. This represents a 19.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $200.43, for a total transaction of $10,499,325.12. Following the completion of the transaction, the chief executive officer owned 20,111 shares of the company’s stock, valued at $4,030,847.73. This trade represents a 72.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 674,636 shares of company stock worth $135,957,067 in the last quarter. Company insiders own 10.89% of the company’s stock.

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.