Mn Services Vermogensbeheer B.V. Purchases 8,300 Shares of Cloudflare, Inc. $NET

Mn Services Vermogensbeheer B.V. boosted its position in shares of Cloudflare, Inc. (NYSE:NET) by 7.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,400 shares of the company’s stock after purchasing an additional 8,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cloudflare were worth $22,599,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NET. Mather Group LLC. increased its position in Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares in the last quarter. NBC Securities Inc. acquired a new stake in Cloudflare in the 1st quarter valued at about $27,000. GPS Wealth Strategies Group LLC increased its position in Cloudflare by 213.4% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Cloudflare by 115.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company’s stock valued at $30,000 after acquiring an additional 142 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Cloudflare in the 4th quarter valued at about $43,000. 82.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NET. JMP Securities raised their price objective on shares of Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a research report on Monday, July 28th. Robert W. Baird raised 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. Oppenheimer restated an “outperform” rating and issued a $200.00 price objective (up previously from $165.00) on shares of Cloudflare in a research report on Thursday, June 5th. Morgan Stanley raised their price objective on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Cantor Fitzgerald lifted their price target on shares of Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $191.28.

Cloudflare Stock Up 4.5%

Shares of NYSE:NET opened at $223.60 on Friday. Cloudflare, Inc. has a one year low of $77.80 and a one year high of $230.10. The company has a 50 day moving average of $203.75 and a 200-day moving average of $164.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The stock has a market cap of $77.92 billion, a price-to-earnings ratio of -657.65 and a beta of 1.95.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $512.32 million during the quarter, compared to analysts’ expectations of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. Cloudflare’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Activity

In related news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $184.58, for a total transaction of $9,669,038.72. Following the completion of the transaction, the chief executive officer owned 381,213 shares in the company, valued at approximately $70,364,295.54. The trade was a 12.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michelle Zatlyn sold 35,100 shares of the business’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 position. The disclosure for this sale can be found here. Insiders have sold a total of 665,738 shares of company stock worth $131,968,542 in the last ninety days. Company insiders own 10.89% of the company’s stock.

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.