TD Private Client Wealth LLC Buys 414 Shares of Cloudflare, Inc. $NET

TD Private Client Wealth LLC grew its stake in shares of Cloudflare, Inc. (NYSE:NET) by 65.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,044 shares of the company’s stock after acquiring an additional 414 shares during the period. TD Private Client Wealth LLC’s holdings in Cloudflare were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NET. Mather Group LLC. raised its stake in Cloudflare by 1,188.2% in the first 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. bought a new position in Cloudflare in the first quarter worth approximately $27,000. GPS Wealth Strategies Group LLC raised its stake in Cloudflare by 213.4% in the first 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 raised its stake in Cloudflare by 115.4% in the first 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, CVA Family Office LLC raised its stake in Cloudflare by 37.1% in the first quarter. CVA Family Office LLC now owns 392 shares of the company’s stock worth $44,000 after buying an additional 106 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their price objective on shares of Cloudflare from $210.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Morgan Stanley boosted their price objective on shares of Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. DZ Bank reissued a “sell” rating and issued a $170.00 price objective on shares of Cloudflare in a research note on Tuesday, July 22nd. Finally, Mizuho boosted their price objective on shares of Cloudflare from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $191.28.

Insider Buying and Selling at Cloudflare

In related news, CFO Thomas J. Seifert sold 34,270 shares of the business’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $200.17, for a total transaction of $6,859,825.90. Following the completion of the transaction, the chief financial officer directly owned 241,550 shares in the company, valued at $48,351,063.50. The trade was a 12.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michelle Zatlyn sold 35,100 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the transaction, the insider owned 14,575 shares of the company’s stock, valued at $2,794,173.25. This represents a 70.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 727,020 shares of company stock valued at $145,872,429. Company insiders own 10.89% of the company’s stock.

Cloudflare Price Performance

Shares of NET opened at $216.60 on Monday. The firm has a market capitalization of $75.48 billion, a PE ratio of -637.06 and a beta of 1.95. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. Cloudflare, Inc. has a 1-year low of $77.80 and a 1-year high of $230.10. The company’s fifty day moving average price is $207.78 and its 200-day moving average price is $168.62.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, equities research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

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.