Cloudflare (NYSE:NET) Price Target Raised to $260.00

Cloudflare (NYSE:NET) had its target price hoisted by Susquehanna from $205.00 to $260.00 in a report issued on Monday morning, Marketbeat.com reports. Susquehanna currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on NET. Stifel Nicolaus upped their price target on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 31st. KeyCorp boosted their price objective on Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. UBS Group raised their target price on shares of Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, October 8th. Finally, Robert W. Baird set a $220.00 price objective on shares of Cloudflare in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.16.

Cloudflare Stock Performance

Shares of NET opened at $228.65 on Monday. The stock’s 50-day simple moving average is $219.75 and its 200 day simple moving average is $190.07. The stock has a market capitalization of $79.68 billion, a price-to-earnings ratio of -762.17 and a beta of 2.10. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. Cloudflare has a 52-week low of $87.24 and a 52-week high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $544.87 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Research analysts forecast that Cloudflare will post -0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $250.83, for a total value of $632,091.60. Following the completion of the transaction, the director directly owned 495,191 shares of the company’s stock, valued at $124,208,758.53. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas James Kramer sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $255.53, for a total transaction of $766,590.00. Following the completion of the sale, the insider owned 129,185 shares of the company’s stock, valued at $33,010,643.05. This trade represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 638,060 shares of company stock valued at $133,217,328 over the last quarter. 10.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. lifted its holdings in shares of Cloudflare by 1,188.2% during the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 104 shares in the last quarter. Westside Investment Management Inc. raised its stake in Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after buying an additional 65 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Cloudflare in the second quarter worth $29,000. Finally, ORG Wealth Partners LLC grew its stake in shares of Cloudflare by 101.4% in the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 82.68% 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.