Susquehanna Increases Cloudflare (NYSE:NET) Price Target to $260.00

Cloudflare (NYSE:NET) had its price objective upped by Susquehanna from $205.00 to $260.00 in a research report issued on Monday, Marketbeat reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price objective suggests a potential upside of 11.74% from the company’s previous close.

NET has been the subject of a number of other reports. Citigroup restated an “outperform” rating on shares of Cloudflare in a research report on Friday. UBS Group increased their price target on shares of Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday. Scotiabank raised their price target on shares of Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research report on Friday. Morgan Stanley lifted their price objective on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 31st. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $231.48.

Cloudflare Trading Down 6.2%

NYSE NET opened at $232.68 on Monday. The company has a market capitalization of $81.09 billion, a PE ratio of -775.61 and a beta of 2.10. The company has a fifty day moving average of $219.28 and a 200 day moving average of $189.80. Cloudflare has a 1 year low of $86.43 and a 1 year high of $260.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04.

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

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,277 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $213.94, for a total transaction of $11,184,141.38. Following the completion of the sale, the chief executive officer owned 107 shares of the company’s stock, valued at $22,891.58. The trade was a 99.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carl Ledbetter sold 15,000 shares of the business’s 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 directly owned 998,073 shares of the company’s stock, valued at $210,244,077.45. This represents a 1.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 635,060 shares of company stock valued at $132,450,738. Corporate insiders own 10.89% of the company’s stock.

Institutional Trading of Cloudflare

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. boosted its position in Cloudflare by 1,188.2% during the first 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 lifted its holdings in shares of Cloudflare by 16,712.5% in 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. First Horizon Advisors Inc. lifted its holdings in shares of Cloudflare by 208.9% in the 1st quarter. First Horizon Advisors Inc. now owns 451 shares of the company’s stock worth $51,000 after acquiring an additional 305 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Cloudflare by 1,469.3% in the 1st quarter. Teacher Retirement System of Texas now owns 44,679 shares of the company’s stock worth $5,035,000 after acquiring an additional 41,832 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in Cloudflare during the 1st quarter worth approximately $203,000. 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.