Resona Asset Management Co. Ltd. Has $20.27 Million Position in Cloudflare, Inc. $NET

Resona Asset Management Co. Ltd. trimmed its position in Cloudflare, Inc. (NYSE:NET) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,185 shares of the company’s stock after selling 7,733 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Cloudflare were worth $20,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NET. Norges Bank acquired a new position in shares of Cloudflare in the second quarter valued at about $541,462,000. Groupama Asset Managment acquired a new position in shares of Cloudflare during the 2nd quarter worth approximately $225,204,000. KBC Group NV grew its position in shares of Cloudflare by 1,388.7% during the 2nd quarter. KBC Group NV now owns 736,153 shares of the company’s stock worth $144,161,000 after purchasing an additional 686,702 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Cloudflare by 2.1% during the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after purchasing an additional 658,656 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Cloudflare in the third quarter valued at approximately $138,660,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In other Cloudflare news, Director John Graham-Cumming sold 2,520 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $200.27, for a total transaction of $504,680.40. Following the sale, the director owned 495,191 shares of the company’s stock, valued at approximately $99,171,901.57. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas J. Seifert sold 10,000 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $178.37, for a total value of $1,783,700.00. Following the completion of the transaction, the chief financial officer owned 137,486 shares of the company’s stock, valued at $24,523,377.82. The trade was a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 619,213 shares of company stock valued at $122,370,244. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

NYSE:NET opened at $173.45 on Friday. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The stock’s 50-day simple moving average is $195.24 and its 200 day simple moving average is $205.86. The firm has a market capitalization of $60.76 billion, a PE ratio of -578.17, a price-to-earnings-growth ratio of 114.08 and a beta of 1.96.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The firm had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NET shares. Cantor Fitzgerald increased their price target on Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Mizuho reduced their target price on Cloudflare from $280.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday. Wall Street Zen raised Cloudflare from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Oppenheimer began coverage on shares of Cloudflare in a research report on Monday, November 10th. They set an “outperform” rating and a $260.00 price objective for the company. Finally, Needham & Company LLC raised their target price on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $232.48.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.