10,729 Shares in Cloudflare, Inc. $NET Purchased by Index Fund Advisors Inc.

Index Fund Advisors Inc. acquired a new position in Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,729 shares of the company’s stock, valued at approximately $2,101,000.

Several other large investors also recently added to or reduced their stakes in NET. NBC Securities Inc. purchased a new stake in Cloudflare in the 1st quarter worth about $27,000. Yousif Capital Management LLC increased its holdings in Cloudflare by 2.5% in the 1st quarter. Yousif Capital Management LLC now owns 3,969 shares of the company’s stock worth $447,000 after acquiring an additional 98 shares during the last quarter. GAMMA Investing LLC increased its holdings in Cloudflare by 86.8% in the 1st quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock worth $123,000 after acquiring an additional 508 shares during the last quarter. SG Americas Securities LLC increased its holdings in Cloudflare by 62.4% in the 1st quarter. SG Americas Securities LLC now owns 15,695 shares of the company’s stock worth $1,769,000 after acquiring an additional 6,030 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Cloudflare by 35.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 6,458 shares of the company’s stock worth $728,000 after acquiring an additional 1,677 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

NET has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their target price on Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 1st. Wells Fargo & Company lifted their target price on Cloudflare from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Mizuho lifted their target price on Cloudflare from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. UBS Group lifted their target price on Cloudflare from $145.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Bank of America lifted their target price on Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $196.54.

Insider Activity

In related news, CFO Thomas J. Seifert sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $227.64, for a total value of $2,276,400.00. Following the completion of the sale, the chief financial officer owned 189,517 shares in the company, valued at $43,141,649.88. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 673,534 shares of company stock worth $137,405,454. Company insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Shares of NET opened at $213.95 on Monday. The company has a market cap of $74.56 billion, a PE ratio of -629.26 and a beta of 1.99. 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 50-day moving average price of $211.99 and a 200-day moving average price of $175.57. Cloudflare, Inc. has a 12-month low of $85.60 and a 12-month high of $230.10.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $512.32 million during the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the company posted $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. As a group, equities analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

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.