Frank Rimerman Advisors LLC Has $542,000 Stock Holdings in Cloudflare, Inc. $NET

Frank Rimerman Advisors LLC increased its position in shares of Cloudflare, Inc. (NYSE:NET) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,770 shares of the company’s stock after acquiring an additional 527 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Cloudflare were worth $542,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NET. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after purchasing an additional 786,063 shares in the last quarter. Nuveen LLC bought a new stake in shares of Cloudflare in the 1st quarter valued at $88,203,000. American Century Companies Inc. raised its stake in Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after buying an additional 779,819 shares during the period. KBC Group NV lifted its holdings in Cloudflare by 1,388.7% during the second quarter. KBC Group NV now owns 736,153 shares of the company’s stock worth $144,161,000 after acquiring an additional 686,702 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Cloudflare by 129.7% in the first quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company’s stock valued at $123,647,000 after acquiring an additional 619,526 shares during the period. Institutional investors own 82.68% of the company’s stock.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $195.32, for a total transaction of $10,231,642.88. Following the transaction, the chief executive officer owned 22,175 shares of the company’s stock, valued at $4,331,221. The trade was a 70.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carl Ledbetter sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $207.96, for a total value of $3,119,400.00. Following the sale, the director owned 983,073 shares in the company, valued at approximately $204,439,861.08. This represents a 1.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 583,955 shares of company stock valued at $123,647,846 in the last quarter. 10.89% of the stock is currently owned by corporate insiders.

Cloudflare Stock Performance

Shares of NET opened at $196.30 on Thursday. The stock has a market capitalization of $68.76 billion, a price-to-earnings ratio of -654.32 and a beta of 2.10. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The firm has a fifty day simple moving average of $220.77 and a 200 day simple moving average of $197.11. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.87 million. During the same period in the previous year, the business earned $0.20 EPS. The company’s 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. Research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada raised their price target on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Oppenheimer started coverage on shares of Cloudflare in a research note on Monday, November 10th. They issued an “outperform” rating and a $260.00 price target on the stock. DZ Bank raised shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective for the company in a research report on Wednesday, November 5th. Wall Street Zen raised shares of Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, KeyCorp increased their target price on Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average price target of $235.35.

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.