Strategic Planning Group LLC Buys 3,673 Shares of Cloudflare, Inc. $NET

Strategic Planning Group LLC increased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 10.8% in the second quarter, Holdings Channel.com reports. The fund owned 37,635 shares of the company’s stock after buying an additional 3,673 shares during the quarter. Cloudflare comprises about 1.2% of Strategic Planning Group LLC’s portfolio, making the stock its 26th largest holding. Strategic Planning Group LLC’s holdings in Cloudflare were worth $7,370,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of NET. Vise Technologies Inc. bought a new stake in shares of Cloudflare during the 4th quarter worth approximately $417,000. Toronto Dominion Bank lifted its stake in shares of Cloudflare by 7.0% during the 4th quarter. Toronto Dominion Bank now owns 39,763 shares of the company’s stock worth $4,282,000 after acquiring an additional 2,605 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Cloudflare by 2.5% during the 4th quarter. Mackenzie Financial Corp now owns 14,641 shares of the company’s stock worth $1,577,000 after acquiring an additional 357 shares during the last quarter. Putney Financial Group LLC bought a new stake in shares of Cloudflare during the 4th quarter worth approximately $664,000. Finally, Challenger Wealth Management purchased a new position in Cloudflare during the 4th quarter worth $248,000. 82.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NET shares. JMP Securities lifted their target price on Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a research report on Monday, July 28th. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price (up from $165.00) on shares of Cloudflare in a research report on Thursday, June 5th. Cowen reaffirmed a “buy” rating on shares of Cloudflare in a research report on Monday, June 16th. Stifel Nicolaus lifted their target price on Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Robert W. Baird lifted their price target on Cloudflare from $148.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.28.

Cloudflare Trading Up 1.3%

NET opened at $226.38 on Monday. Cloudflare, Inc. has a one year low of $77.80 and a one year high of $230.10. The stock has a market capitalization of $78.89 billion, a PE ratio of -665.82 and a beta of 1.95. The business’s 50 day moving average price is $204.65 and its 200 day moving average price is $165.07. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company had revenue of $512.32 million for the quarter, compared to analysts’ expectations of $501.58 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. 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, equities research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $195.61, for a total value of $5,015,636.01. Following the transaction, the insider owned 14,575 shares of the company’s stock, valued at $2,851,015.75. This represents a 63.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $226.46, for a total value of $11,862,880.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 665,738 shares of company stock valued at $131,968,542. Insiders own 10.89% of the company’s stock.

Cloudflare 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.