Cloudflare, Inc. $NET Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its stake in Cloudflare, Inc. (NYSE:NET) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,347 shares of the company’s stock after acquiring an additional 280 shares during the period. Chicago Partners Investment Group LLC’s holdings in Cloudflare were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. International Assets Investment Management LLC grew its position in shares of Cloudflare by 41.1% in the second quarter. International Assets Investment Management LLC now owns 3,359 shares of the company’s stock valued at $658,000 after purchasing an additional 978 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in Cloudflare during the 2nd quarter worth $1,068,000. Quotient Wealth Partners LLC purchased a new stake in Cloudflare during the 2nd quarter worth $258,000. Nordea Investment Management AB grew its holdings in Cloudflare by 4.0% during the 2nd quarter. Nordea Investment Management AB now owns 42,000 shares of the company’s stock worth $8,175,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Mutual Advisors LLC boosted its holdings in shares of Cloudflare by 8.7% in the 2nd quarter. Mutual Advisors LLC now owns 1,819 shares of the company’s stock valued at $361,000 after buying an additional 145 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Trading Down 1.1%

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 stock has a market capitalization of $73.40 billion, a PE ratio of -619.46 and a beta of 1.99. Cloudflare, Inc. has a 1-year low of $85.60 and a 1-year high of $230.10. The firm has a 50-day moving average price of $213.33 and a two-hundred day moving average price of $180.37.

Cloudflare (NYSE:NET) last issued its earnings results 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 net margin of 6.22% and a negative return on equity of 8.42%. The company had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. During the same quarter last year, the firm earned $0.20 EPS. The company’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, equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 59,130 shares of Cloudflare stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $200.30, for a total value of $11,843,739.00. Following the sale, the chief financial officer directly owned 241,550 shares in the company, valued at $48,382,465. This trade represents a 19.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare 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 completion of the sale, the chief executive officer owned 20,111 shares in the company, valued at $4,030,847.73. This trade represents a 72.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 710,270 shares of company stock valued at $147,320,646. 10.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NET shares. Robert W. Baird lifted 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. KeyCorp boosted their price target on shares of Cloudflare from $210.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Stifel Nicolaus boosted their price target on shares of Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 1st. Piper Sandler upped their price objective on shares of Cloudflare from $151.00 to $224.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, Scotiabank increased their price target on shares of Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare presently has a consensus 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.