196,750 Shares in Cloudflare, Inc. $NET Bought by Jennison Associates LLC

Jennison Associates LLC purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) in the second quarter, HoldingsChannel reports. The institutional investor purchased 196,750 shares of the company’s stock, valued at approximately $38,530,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its position 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 period. Hilltop National Bank purchased a new stake in Cloudflare during the 2nd quarter worth $36,000. Ameritas Advisory Services LLC purchased a new stake in Cloudflare during the 2nd quarter worth $39,000. Cullen Frost Bankers Inc. purchased a new stake in Cloudflare during the 2nd quarter worth $45,000. Finally, Whipplewood Advisors LLC boosted its position in Cloudflare by 277.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock worth $50,000 after purchasing an additional 186 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Stock Performance

Shares of NET stock opened at $222.48 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. Cloudflare, Inc. has a one year low of $85.60 and a one year high of $231.13. The company’s 50-day simple moving average is $216.42 and its 200-day simple moving average is $185.82. The stock has a market capitalization of $77.53 billion, a price-to-earnings ratio of -654.36 and a beta of 1.99.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The business had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $544.87 million. During the same quarter last year, the company posted $0.20 earnings per share. The company’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. FY 2025 guidance at 0.910-0.910 EPS. Equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Transactions at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $226.46, for a total transaction of $11,862,880.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the transaction, the chief financial officer directly owned 189,517 shares in the company, valued at $36,129,520.88. The trade was a 17.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 631,540 shares of company stock valued at $131,564,497. Insiders own 10.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NET shares. Scotiabank upped their price target on shares of Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. Stifel Nicolaus upped their price objective on shares of Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Guggenheim reissued a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. Finally, Robert W. Baird upped their price objective on shares of Cloudflare from $148.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.