Advisors Asset Management Inc. Grows Stock Position in Cloudflare, Inc. $NET

Advisors Asset Management Inc. increased its holdings in Cloudflare, Inc. (NYSE:NET) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,568 shares of the company’s stock after buying an additional 124 shares during the period. Advisors Asset Management Inc.’s holdings in Cloudflare were worth $177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. boosted its position in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after buying an additional 202 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Cloudflare in the 1st quarter worth about $27,000. GPS Wealth Strategies Group LLC boosted its position 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 worth $29,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Cloudflare by 115.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Cloudflare in the 4th quarter worth about $43,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Stock Down 1.4%

NET opened at $221.48 on Friday. The firm has a 50 day moving average price of $201.32 and a 200 day moving average price of $161.96. The company has a market cap of $77.18 billion, a PE ratio of -651.41 and a beta of 1.95. Cloudflare, Inc. has a 1 year low of $77.60 and a 1 year high of $230.10. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14.

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

Insider Buying and Selling

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on 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 the SEC website. Also, Director John Graham-Cumming sold 10,215 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $206.32, for a total transaction of $2,107,558.80. Following the completion of the sale, the director directly owned 495,191 shares of the company’s stock, valued at $102,167,807.12. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 685,788 shares of company stock valued at $135,600,920 over the last three months. Company insiders own 10.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NET shares. Needham & Company LLC boosted their target price on shares of Cloudflare from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Citigroup boosted their target price on shares of Cloudflare from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Scotiabank boosted 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. Robert W. Baird boosted their target price on shares of Cloudflare from $148.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Finally, Oppenheimer reissued an “outperform” rating and issued a $200.00 target price (up previously from $165.00) on shares of Cloudflare in a research note on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.28.

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.