Brokerages Set Cloudflare, Inc. (NYSE:NET) Target Price at $196.54

Shares of Cloudflare, Inc. (NYSE:NET) have been assigned an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $198.2083.

Several equities analysts have weighed in on NET shares. Piper Sandler raised their target price on shares of Cloudflare from $151.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, August 1st. UBS Group raised their target price on shares of Cloudflare from $215.00 to $240.00 and gave the company a “neutral” rating in a report on Tuesday. Royal Bank Of Canada raised their target price on shares of Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Morgan Stanley raised their target price on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Stifel Nicolaus raised their price target on shares of Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 1st.

Insider Activity at Cloudflare

In related news, insider Michelle Zatlyn sold 35,100 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the transaction, the insider owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. This represents a 70.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $200.43, for a total transaction of $10,499,325.12. Following the transaction, the chief executive officer directly owned 20,111 shares in the company, valued at $4,030,847.73. The trade was a 72.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 710,270 shares of company stock valued at $147,320,646. Company insiders own 10.89% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Several institutional investors and hedge funds have recently modified their holdings of NET. Daymark Wealth Partners LLC lifted its position in shares of Cloudflare by 1.1% during the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares in the last quarter. Huntington National Bank lifted its position in shares of Cloudflare by 22.8% during the second quarter. Huntington National Bank now owns 280 shares of the company’s stock worth $55,000 after purchasing an additional 52 shares in the last quarter. ORG Partners LLC lifted its position in shares of Cloudflare by 11.9% during the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock worth $92,000 after purchasing an additional 53 shares in the last quarter. Fiduciary Planning LLC lifted its position in shares of Cloudflare by 3.0% during the second quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after purchasing an additional 54 shares in the last quarter. Finally, Ossiam lifted its position in shares of Cloudflare by 2.0% during the second quarter. Ossiam now owns 3,343 shares of the company’s stock worth $655,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Performance

NYSE:NET opened at $210.62 on Thursday. 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 firm has a 50-day moving average price of $213.33 and a two-hundred day moving average price of $180.37. Cloudflare has a twelve month low of $85.60 and a twelve month high of $230.10. The company has a market capitalization of $73.40 billion, a P/E ratio of -619.46 and a beta of 1.99.

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

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.