Dynamic Technology Lab Private Ltd Acquires 990 Shares of Cloudflare, Inc. $NET

Dynamic Technology Lab Private Ltd raised its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,560 shares of the company’s stock after purchasing an additional 990 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Cloudflare were worth $1,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in Cloudflare by 6.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,320 shares of the company’s stock valued at $152,000 after purchasing an additional 77 shares in the last quarter. Gill Capital Partners LLC boosted its holdings in Cloudflare by 2.9% during the 1st quarter. Gill Capital Partners LLC now owns 2,761 shares of the company’s stock worth $311,000 after acquiring an additional 79 shares during the last quarter. Spire Wealth Management boosted its holdings in Cloudflare by 11.0% during the 1st quarter. Spire Wealth Management now owns 962 shares of the company’s stock worth $108,000 after acquiring an additional 95 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Cloudflare by 2.5% during 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. Finally, Freestone Capital Holdings LLC grew its holdings in shares of Cloudflare by 1.9% in the first quarter. Freestone Capital Holdings LLC now owns 5,263 shares of the company’s stock valued at $593,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Insider Activity

In other Cloudflare news, Director John Graham-Cumming sold 10,215 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $206.32, for a total transaction of $2,107,558.80. Following the sale, the director owned 495,191 shares in the company, valued at $102,167,807.12. This represents a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carl Ledbetter sold 15,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $195.73, for a total value of $2,935,950.00. Following the sale, the director owned 1,028,073 shares in the company, valued at approximately $201,224,728.29. This represents a 1.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 687,029 shares of company stock valued at $130,970,115. 10.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NET shares. Morgan Stanley upped their target price on Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Guggenheim upped their target price on Cloudflare from $70.00 to $111.00 and gave the company a “sell” rating in a report on Friday, August 1st. JMP Securities boosted their price target on shares of Cloudflare from $180.00 to $225.00 and gave the stock a “market outperform” rating in a report on Monday, July 28th. KeyCorp boosted their price target on shares of Cloudflare from $210.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada boosted their price target on shares of Cloudflare from $210.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $191.28.

Cloudflare Price Performance

NYSE NET opened at $214.44 on Monday. The company has a market cap of $74.73 billion, a PE ratio of -630.71 and a beta of 1.95. Cloudflare, Inc. has a 52 week low of $74.88 and a 52 week high of $219.00. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. The firm’s 50-day simple moving average is $198.18 and its two-hundred day simple moving average is $159.59.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current 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.