Mutual Advisors LLC Raises Position in Cloudflare, Inc. $NET

Mutual Advisors LLC raised its holdings in Cloudflare, Inc. (NYSE:NET) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,819 shares of the company’s stock after buying an additional 145 shares during the period. Mutual Advisors LLC’s holdings in Cloudflare were worth $361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Cloudflare by 1.8% in the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cloudflare by 33.5% in the 1st 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 period. American Century Companies Inc. boosted its position in Cloudflare by 34.5% in the 1st 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 period. Northern Trust Corp boosted its position in Cloudflare by 1.7% in the 1st 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 period. Finally, Charles Schwab Investment Management Inc. boosted its position in Cloudflare by 8.1% in the 1st 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 period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

Shares of NYSE:NET opened at $212.80 on Tuesday. The company’s fifty day moving average price is $212.89 and its 200 day moving average price is $179.93. Cloudflare, Inc. has a 12 month low of $85.60 and a 12 month high of $230.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The firm has a market capitalization of $74.16 billion, a P/E ratio of -625.87 and a beta of 1.99.

Cloudflare (NYSE:NET) last announced its quarterly 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 for the quarter, compared to analyst estimates of $501.58 million. During the same period last year, the business earned $0.20 EPS. Cloudflare’s revenue for the quarter was up 27.8% compared to the same quarter last year. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 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

Several brokerages have commented on NET. UBS Group raised their price target on shares of Cloudflare from $145.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wells Fargo & Company lifted their price objective on shares of Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Scotiabank lifted their price objective on shares of Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. DZ Bank reaffirmed a “sell” rating and set a $170.00 price objective on shares of Cloudflare in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada lifted their price objective on shares of Cloudflare from $210.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $196.54.

Insider Activity

In related news, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $215.38, for a total transaction of $5,522,558.58. Following the sale, the insider directly owned 14,575 shares in the company, valued at $3,139,163.50. This trade represents a 63.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Graham-Cumming sold 2,520 shares of Cloudflare stock in a transaction on Monday, October 13th. The stock was sold at an average price of $221.36, for a total transaction of $557,827.20. Following the sale, the director owned 495,191 shares in the company, valued at $109,615,479.76. This represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 710,270 shares of company stock worth $147,320,646 over the last three months. Company insiders own 10.89% of the company’s stock.

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.