Cloudflare (NYSE:NET) Price Target Raised to $285.00

Cloudflare (NYSE:NET) had its price target hoisted by Needham & Company LLC from $240.00 to $285.00 in a report released on Friday, Marketbeat reports. Needham & Company LLC currently has a buy rating on the stock.

Several other analysts also recently weighed in on the stock. Scotiabank boosted their price target on shares of Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Citizens Jmp boosted their price target on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday. Cantor Fitzgerald boosted their price target on shares of Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their price target 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. Finally, Citigroup reissued an “outperform” rating on shares of Cloudflare in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, sixteen 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, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $224.16.

Cloudflare Stock Up 13.8%

NET stock opened at $253.29 on Friday. 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 market capitalization of $88.26 billion, a PE ratio of -844.28 and a beta of 2.10. Cloudflare has a twelve month low of $85.60 and a twelve month high of $254.30. The stock has a 50-day simple moving average of $217.57 and a two-hundred day simple moving average of $187.93.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $430.08 million during the quarter, compared to the consensus estimate of $544.87 million. During the same period last year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, equities analysts predict that Cloudflare will post -0.11 EPS for the current fiscal year.

Insider Activity

In related news, CEO Matthew Prince sold 52,277 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $213.94, for a total value of $11,184,141.38. Following the sale, the chief executive officer owned 107 shares in the company, valued at approximately $22,891.58. This trade represents a 99.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $215.38, for a total value of $5,522,558.58. Following the completion of the transaction, the insider directly owned 14,575 shares in the company, valued at approximately $3,139,163.50. This represents a 63.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 631,540 shares of company stock valued at $131,564,497. Company insiders own 10.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NET. GAMMA Investing LLC boosted its stake in shares of Cloudflare by 86.8% during the 1st quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock worth $123,000 after acquiring an additional 508 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Cloudflare by 7.0% during the 1st quarter. Amalgamated Bank now owns 21,402 shares of the company’s stock worth $2,412,000 after acquiring an additional 1,400 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Cloudflare by 1,188.2% during the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after acquiring an additional 202 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Cloudflare by 16,712.5% during the 1st quarter. Private Trust Co. NA now owns 1,345 shares of the company’s stock worth $152,000 after acquiring an additional 1,337 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Cloudflare by 208.9% during the 1st quarter. First Horizon Advisors Inc. now owns 451 shares of the company’s stock valued at $51,000 after purchasing an additional 305 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Company 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.