Mutual of America Capital Management LLC Invests $1.07 Million in Cloudflare, Inc. $NET

Mutual of America Capital Management LLC bought a new position in Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,454 shares of the company’s stock, valued at approximately $1,068,000.

Several other hedge funds also recently made changes to their positions in the company. ORG Partners LLC lifted its stake in shares of Cloudflare by 11.9% in the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after purchasing an additional 53 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Cloudflare by 1.9% in the second quarter. Yousif Capital Management LLC now owns 4,044 shares of the company’s stock valued at $792,000 after purchasing an additional 75 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Cloudflare by 6.2% in the first quarter. Smartleaf Asset Management LLC now owns 1,320 shares of the company’s stock valued at $152,000 after purchasing an additional 77 shares during the period. Gill Capital Partners LLC lifted its stake in shares of Cloudflare by 2.9% in the first quarter. Gill Capital Partners LLC now owns 2,761 shares of the company’s stock valued at $311,000 after purchasing an additional 79 shares during the period. Finally, Spire Wealth Management lifted its stake in shares of Cloudflare by 11.0% in the first quarter. Spire Wealth Management now owns 962 shares of the company’s stock valued at $108,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on NET shares. JMP Securities raised their price objective on shares of Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a research note on Monday, July 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Friday. Scotiabank raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Cloudflare from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Morgan Stanley raised their target price on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $198.21.

Insider Buying and Selling at Cloudflare

In other news, Director John Graham-Cumming sold 2,520 shares of Cloudflare stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $221.36, for a total transaction of $557,827.20. Following the completion of the sale, the director directly owned 495,191 shares in the company, valued at $109,615,479.76. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carl Ledbetter sold 15,000 shares of Cloudflare stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.65, for a total transaction of $3,159,750.00. Following the sale, the director owned 998,073 shares of the company’s stock, valued at approximately $210,244,077.45. This trade represents a 1.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 634,540 shares of company stock valued at $132,159,157. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

NYSE:NET opened at $218.10 on Monday. 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 firm has a 50-day moving average price of $214.12 and a two-hundred day moving average price of $183.10. Cloudflare, Inc. has a twelve month low of $85.60 and a twelve month high of $230.10. The company has a market capitalization of $76.00 billion, a P/E ratio of -641.46 and a beta of 1.99.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal 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.