Cloudflare, Inc. $NET Stock Position Raised by Aberdeen Group plc

Aberdeen Group plc increased its position in Cloudflare, Inc. (NYSE:NET) by 6.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 169,703 shares of the company’s stock after purchasing an additional 9,977 shares during the period. Aberdeen Group plc’s holdings in Cloudflare were worth $33,233,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. ORG Partners LLC raised its holdings in shares of Cloudflare by 11.9% during the 2nd quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after purchasing an additional 53 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Cloudflare by 6.2% in the first quarter. Smartleaf Asset Management LLC now owns 1,320 shares of the company’s stock worth $152,000 after purchasing an additional 77 shares in the last quarter. Gill Capital Partners LLC increased its position in Cloudflare by 2.9% during the first quarter. Gill Capital Partners LLC now owns 2,761 shares of the company’s stock worth $311,000 after buying an additional 79 shares during the last quarter. Spire Wealth Management raised its holdings in Cloudflare by 11.0% during the first quarter. Spire Wealth Management now owns 962 shares of the company’s stock valued at $108,000 after buying an additional 95 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in Cloudflare by 2.5% during the first quarter. Yousif Capital Management LLC now owns 3,969 shares of the company’s stock valued at $447,000 after buying an additional 98 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $215.38, for a total transaction of $5,522,558.58. Following the transaction, the insider directly owned 14,575 shares in the company, valued at $3,139,163.50. The trade was a 63.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas J. Seifert sold 10,000 shares of the firm’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 of the company’s stock, valued at $43,141,649.88. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 673,534 shares of company stock valued at $137,405,454 over the last quarter. Company insiders own 10.89% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on NET. Royal Bank Of Canada increased their price objective on Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, August 1st. DZ Bank reiterated a “sell” rating and set a $170.00 price target on shares of Cloudflare in a report on Tuesday, July 22nd. UBS Group boosted their price objective on shares of Cloudflare from $145.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Cowen reaffirmed a “buy” rating on shares of Cloudflare in a report on Monday, June 16th. Finally, Piper Sandler lifted their target price on shares of Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $196.54.

Cloudflare Trading Down 3.2%

Shares of NET stock opened at $213.95 on Monday. The firm has a market capitalization of $74.56 billion, a P/E ratio of -629.26 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’s fifty day simple moving average is $211.99 and its 200 day simple moving average is $175.57. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping 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 period last year, the business posted $0.20 EPS. The business’s quarterly revenue 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, sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current 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.