Oak Thistle LLC Buys Shares of 9,003 Cloudflare, Inc. $NET

Oak Thistle LLC purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,003 shares of the company’s stock, valued at approximately $2,208,000.

A number of other institutional investors also recently modified their holdings of the company. Lingotto Investment Management LLP acquired a new position in shares of Cloudflare during the 4th quarter valued at $34,626,000. Jupiter Asset Management Ltd. increased its holdings in Cloudflare by 1,984.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after purchasing an additional 188,226 shares in the last quarter. Trek Financial LLC purchased a new stake in Cloudflare in the 4th quarter valued at $1,793,000. Pictet Asset Management Holding SA raised its holdings in shares of Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after purchasing an additional 206,506 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Cloudflare during the 4th quarter worth approximately $5,543,000. 82.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. KeyCorp boosted their price target on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Royal Bank Of Canada increased their price objective on Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Guggenheim boosted their price target on shares of Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a research report on Friday, August 7th. Raymond James Financial assumed coverage on shares of Cloudflare in a research report on Tuesday, July 7th. They issued a “strong-buy” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $320.19.

Cloudflare Stock Performance

Cloudflare stock opened at $311.48 on Thursday. The firm has a fifty day simple moving average of $259.43 and a two-hundred day simple moving average of $221.96. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $324.73. The company has a market capitalization of $110.10 billion, a PE ratio of -537.03, a P/E/G ratio of 189.82 and a beta of 1.65.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. Research analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Strong second-quarter results support the rally. Cloudflare reported revenue of approximately $696.1 million, up 35.9% year over year and above expectations, while non-GAAP EPS of $0.29 exceeded consensus. Next-quarter revenue guidance of $736.5 million also topped analyst estimates, reinforcing confidence in continued growth. Cloudflare Q2 Deep Dive
• Positive Sentiment: AI security and enterprise demand are strengthening the growth story. Cloudflare’s AI-security strategy is supporting demand for SASE and Zero Trust products, while its agentic-AI and developer-platform offerings could help it win larger enterprise contracts and compete more directly with Palo Alto Networks and Zscaler. Cloudflare AI Security Strategy
• Positive Sentiment: New partnerships and government certifications expand Cloudflare’s addressable market. Signal selected Cloudflare as an independent Key Transparency auditor, adding credibility to Cloudflare’s privacy and security platform. Separately, FedRAMP High and GovRAMP Moderate authorizations position Cloudflare to pursue more government and regulated-industry contracts. Signal Partnership
• Neutral Sentiment: Analyst sentiment remains favorable but expectations are high. Cloudflare has a consensus “Moderate Buy” rating and an average target near $320, with several firms setting targets above that level. However, some target increases still imply limited upside after the stock’s substantial recent advance. Cloudflare Moderate Buy Rating
• Negative Sentiment: The $2.175 billion zero-coupon convertible-note offering creates a potential dilution overhang. The financing provides capital without cash interest payments, but conversions could dilute existing shareholders and increase future obligations. Cloudflare Convertible Notes Deal
• Negative Sentiment: Valuation and profitability remain risks. Cloudflare continues to post GAAP losses, and its premium valuation leaves the stock vulnerable if growth or margins disappoint. A director’s sale of 2,520 shares was conducted under a pre-arranged Rule 10b5-1 plan and is a relatively minor overhang. SEC Insider Transaction Filing

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the completion of the sale, the chief financial officer owned 113,790 shares in the company, valued at approximately $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $303.97, for a total value of $766,004.40. Following the sale, the director directly owned 494,909 shares of the company’s stock, valued at approximately $150,437,488.73. This trade represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 752,052 shares of company stock worth $184,648,633 over the last three months. Corporate insiders own 10.66% of the company’s stock.

Cloudflare 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.