4,060 Shares in Cloudflare, Inc. $NET Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in Cloudflare, Inc. (NYSE:NET) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,060 shares of the company’s stock, valued at approximately $871,000.

A number of other hedge funds also recently made changes to their positions in the company. Westfield Capital Management Co. LP purchased a new stake in shares of Cloudflare during the second quarter worth about $87,868,000. Swedbank AB grew its stake in Cloudflare by 27.7% during the 3rd quarter. Swedbank AB now owns 43,878 shares of the company’s stock valued at $9,416,000 after purchasing an additional 9,527 shares in the last quarter. Strategy Capital LLC increased its holdings in Cloudflare by 4.5% during the 2nd quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock worth $228,326,000 after purchasing an additional 50,374 shares during the last quarter. Motley Fool Asset Management LLC raised its position in shares of Cloudflare by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock valued at $3,476,000 after purchasing an additional 1,691 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Cloudflare by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after buying an additional 658,656 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Up 1.3%

NYSE:NET opened at $188.84 on Wednesday. The firm has a market capitalization of $66.15 billion, a P/E ratio of -629.46, a P/E/G ratio of 122.60 and a beta of 1.96. The business has a 50 day simple moving average of $202.80 and a 200 day simple moving average of $206.61. 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, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00.

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. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. During the same period last year, the business 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 and its FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 35,099 shares of Cloudflare stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the sale, the insider owned 24,555 shares of the company’s stock, valued at approximately $4,892,829.30. The trade was a 58.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas J. Seifert sold 41,555 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total value of $8,069,149.90. Following the transaction, the chief financial officer owned 137,486 shares of the company’s stock, valued at approximately $26,697,031.48. This represents a 23.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 635,315 shares of company stock valued at $127,379,605 in the last ninety days. Company insiders own 10.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Piper Sandler cut their price target on shares of Cloudflare from $249.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, January 5th. Stifel Nicolaus boosted their target price on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Cantor Fitzgerald increased their price target on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, October 8th. Finally, Scotiabank upped their price objective on Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average target price of $232.41.

Cloudflare Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.