Cloudflare (NYSE:NET) Price Target Raised to $265.00

Cloudflare (NYSE:NET) had its price target increased by stock analysts at Argus from $238.00 to $265.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Argus’ price objective suggests a potential upside of 9.33% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Needham & Company LLC lifted their target price on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Scotiabank raised their price objective on shares of Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Oppenheimer set a $260.00 price target on Cloudflare and gave the company an “outperform” rating in a research report on Friday, October 31st. Mizuho increased their price target on shares of Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Citigroup boosted their price objective on shares of Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.35.

Cloudflare Stock Up 4.1%

NET stock opened at $242.39 on Monday. Cloudflare has a 52 week low of $87.77 and a 52 week high of $260.00. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a 50-day simple moving average of $220.49 and a 200-day simple moving average of $192.37. The stock has a market capitalization of $84.91 billion, a P/E ratio of -798.75 and a beta of 2.10.

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

Insider Buying and Selling

In related news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $226.46, for a total value of $11,862,880.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michelle Zatlyn sold 35,100 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $191.71, for a total value of $6,729,021.00. Following the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 638,060 shares of company stock valued at $133,217,328 over the last ninety days. Corporate insiders own 10.89% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Several hedge funds have recently bought and sold shares of NET. Envestnet Asset Management Inc. increased its holdings in Cloudflare by 1.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 203,450 shares of the company’s stock worth $22,927,000 after purchasing an additional 2,936 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Cloudflare by 9.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,635 shares of the company’s stock worth $297,000 after purchasing an additional 230 shares during the last quarter. Brown Advisory Inc. raised its position in Cloudflare by 186.9% during the first quarter. Brown Advisory Inc. now owns 6,544 shares of the company’s stock worth $737,000 after acquiring an additional 4,263 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Cloudflare by 2.3% in the first quarter. Nisa Investment Advisors LLC now owns 17,675 shares of the company’s stock worth $1,992,000 after buying an additional 400 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of Cloudflare by 13.3% during the first quarter. Cerity Partners LLC now owns 21,168 shares of the company’s stock worth $2,385,000 after acquiring an additional 2,489 shares during the last quarter. Hedge funds and other institutional investors own 82.68% 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.