Lbp Am Sa Decreases Stake in Cloudflare, Inc. $NET

Lbp Am Sa lowered its position in Cloudflare, Inc. (NYSE:NET) by 55.1% during the second quarter, HoldingsChannel reports. The firm owned 44,246 shares of the company’s stock after selling 54,300 shares during the period. Lbp Am Sa’s holdings in Cloudflare were worth $8,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NET. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cloudflare by 33.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after purchasing an additional 786,063 shares in the last quarter. Nuveen LLC purchased a new position in Cloudflare in the 1st quarter valued at $88,203,000. American Century Companies Inc. lifted its holdings in Cloudflare by 34.5% in the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after purchasing an additional 779,819 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Cloudflare by 129.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company’s stock valued at $123,647,000 after purchasing an additional 619,526 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Cloudflare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock valued at $3,475,011,000 after purchasing an additional 538,850 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

NET has been the subject of a number of recent research reports. Piper Sandler raised their target price on Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. DZ Bank reaffirmed a “sell” rating and issued a $170.00 target price on shares of Cloudflare in a research note on Tuesday, July 22nd. Bank of America raised their target price on Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Cowen reaffirmed a “buy” rating on shares of Cloudflare in a research note on Monday, June 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 target price (up from $165.00) on shares of Cloudflare in a research note on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.28.

Cloudflare Stock Up 1.3%

Shares of NYSE:NET opened at $217.44 on Thursday. The business has a 50-day moving average price of $209.24 and a 200 day moving average price of $169.98. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $75.77 billion, a price-to-earnings ratio of -639.54 and a beta of 1.99. Cloudflare, Inc. has a 12-month low of $77.80 and a 12-month high of $230.10.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $512.32 million during the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Sell-side analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Activity

In related news, Director Carl Ledbetter sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $223.91, for a total transaction of $3,358,650.00. Following the completion of the sale, the director directly owned 1,013,073 shares of the company’s stock, valued at approximately $226,837,175.43. This trade represents a 1.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 727,020 shares of company stock worth $146,028,939. 10.89% of the stock is currently owned by corporate insiders.

About Cloudflare

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.