4,206 Shares in Cloudflare, Inc. $NET Purchased by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc acquired a new position in shares of Cloudflare, Inc. (NYSE:NET) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,206 shares of the company’s stock, valued at approximately $903,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NET. Aberdeen Group plc raised its holdings in Cloudflare by 149.0% in the first quarter. Aberdeen Group plc now owns 159,726 shares of the company’s stock valued at $18,000,000 after acquiring an additional 95,574 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Cloudflare by 1.9% during the 1st quarter. Cresset Asset Management LLC now owns 10,227 shares of the company’s stock worth $1,152,000 after acquiring an additional 190 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Cloudflare by 129.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company’s stock worth $123,647,000 after purchasing an additional 619,526 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of Cloudflare by 276.2% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 9,969 shares of the company’s stock worth $1,122,000 after purchasing an additional 7,319 shares during the last quarter. Finally, Freestone Capital Holdings LLC raised its stake in shares of Cloudflare by 1.9% in the 1st quarter. Freestone Capital Holdings LLC now owns 5,263 shares of the company’s stock valued at $593,000 after purchasing an additional 98 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NET has been the subject of several research analyst reports. UBS Group boosted their price objective on Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, October 31st. DZ Bank upgraded Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target for the company in a report on Wednesday, November 5th. Royal Bank Of Canada raised their price objective on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Cantor Fitzgerald increased their target price on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company raised their price target on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $234.41.

Cloudflare Stock Performance

NET stock opened at $197.56 on Wednesday. Cloudflare, Inc. has a 1 year low of $89.42 and a 1 year high of $260.00. The stock has a market capitalization of $69.20 billion, a price-to-earnings ratio of -658.54 and a beta of 1.94. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The stock’s fifty day moving average is $213.05 and its two-hundred day moving average is $204.29.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Activity at Cloudflare

In related news, Director Mark J. Hawkins sold 134 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $197.65, for a total value of $26,485.10. Following the sale, the director directly owned 10,856 shares in the company, valued at $2,145,688.40. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $201.23, for a total value of $10,541,232.32. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 692,330 shares of company stock valued at $142,993,749. Company insiders own 10.89% 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.