Andra AP fonden Reduces Holdings in Cloudflare, Inc. $NET

Andra AP fonden cut its position in Cloudflare, Inc. (NYSE:NET) by 12.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,797 shares of the company’s stock after selling 5,900 shares during the quarter. Andra AP fonden’s holdings in Cloudflare were worth $7,793,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC boosted its holdings in shares of Cloudflare by 24.5% in the first quarter. OneDigital Investment Advisors LLC now owns 4,300 shares of the company’s stock valued at $485,000 after acquiring an additional 845 shares during the period. Envestnet Asset Management Inc. raised its position in Cloudflare by 1.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 203,450 shares of the company’s stock valued at $22,927,000 after purchasing an additional 2,936 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Cloudflare by 2,525.0% during the 1st quarter. TD Private Client Wealth LLC now owns 630 shares of the company’s stock worth $71,000 after purchasing an additional 606 shares during the period. Crossmark Global Holdings Inc. grew its position in Cloudflare by 9.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,635 shares of the company’s stock worth $297,000 after purchasing an additional 230 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in Cloudflare by 186.9% during the 1st quarter. Brown Advisory Inc. now owns 6,544 shares of the company’s stock worth $737,000 after purchasing an additional 4,263 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Needham & Company LLC upped their price objective on Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, October 31st. JMP Securities set a $270.00 target price on Cloudflare in a research note on Friday, October 31st. UBS Group upped their price target on Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Cantor Fitzgerald lifted their price objective on shares of Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $234.16.

Insider Activity at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,100 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $191.71, for a total value of $6,729,021.00. Following the sale, the insider owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. This represents a 70.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction 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 disclosure for this sale is available in the SEC filing. Insiders sold 638,060 shares of company stock valued at $133,217,328 in the last ninety days. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

NYSE:NET opened at $233.03 on Friday. The stock has a market cap of $81.21 billion, a PE ratio of -776.77 and a beta of 2.10. Cloudflare, Inc. has a fifty-two week low of $87.24 and a fifty-two week high of $260.00. The firm’s fifty day simple moving average is $220.49 and its 200-day simple moving average is $191.23. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last issued 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. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $430.08 million during the quarter, compared to analysts’ expectations of $544.87 million. During the same period last year, the company posted $0.20 earnings per share. The firm’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. Analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

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.