DekaBank Deutsche Girozentrale Purchases 1,408 Shares of Cloudflare, Inc. $NET

DekaBank Deutsche Girozentrale boosted its position in shares of Cloudflare, Inc. (NYSE:NET) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,984 shares of the company’s stock after buying an additional 1,408 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cloudflare were worth $10,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NET. Mather Group LLC. raised its holdings in Cloudflare by 1,188.2% during the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Cloudflare during the 2nd quarter worth about $36,000. Ameritas Advisory Services LLC acquired a new position in shares of Cloudflare during the 2nd quarter worth about $39,000. First Horizon Advisors Inc. grew its position in shares of Cloudflare by 208.9% during the 1st quarter. First Horizon Advisors Inc. now owns 451 shares of the company’s stock worth $51,000 after buying an additional 305 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Cloudflare during the 1st quarter worth about $57,000. 82.68% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cloudflare news, CFO Thomas J. Seifert sold 59,130 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the completion of the transaction, the chief financial officer owned 241,550 shares of the company’s stock, valued at $48,382,465. This represents a 19.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $200.43, for a total value of $10,499,325.12. Following the transaction, the chief executive officer directly owned 20,111 shares of the company’s stock, valued at approximately $4,030,847.73. This trade represents a 72.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 708,670 shares of company stock valued at $147,000,646 in the last quarter. 10.89% of the stock is currently owned by insiders.

Cloudflare Price Performance

Shares of NET opened at $217.17 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The stock has a 50 day simple moving average of $213.77 and a 200 day simple moving average of $181.19. Cloudflare, Inc. has a 52-week low of $85.60 and a 52-week high of $230.10. The firm has a market capitalization of $75.68 billion, a PE ratio of -638.73 and a beta of 1.99.

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, beating the consensus estimate of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The business had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. During the same period in the previous year, the firm earned $0.20 EPS. Cloudflare’s quarterly revenue was up 27.8% compared to the same quarter last year. 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 predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NET shares. Piper Sandler boosted their target price on Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Scotiabank boosted their target price on Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Stifel Nicolaus boosted their target price on Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. KeyCorp boosted their target price on Cloudflare from $210.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Morgan Stanley boosted their target price on Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus price target of $198.21.

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.