Lyell Wealth Management LP Purchases 1,075 Shares of Cloudflare, Inc. $NET

Lyell Wealth Management LP raised its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 2.1% during the second quarter, HoldingsChannel.com reports. The firm owned 51,823 shares of the company’s stock after acquiring an additional 1,075 shares during the quarter. Lyell Wealth Management LP’s holdings in Cloudflare were worth $10,148,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Cloudflare by 1.8% in the first quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock valued at $3,475,011,000 after buying an additional 538,850 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after acquiring an additional 786,063 shares during the last quarter. American Century Companies Inc. raised its position in shares of Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after acquiring an additional 779,819 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Cloudflare by 1.7% in the 1st quarter. Northern Trust Corp now owns 1,880,888 shares of the company’s stock valued at $211,957,000 after purchasing an additional 31,745 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cloudflare by 8.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,321,208 shares of the company’s stock worth $148,887,000 after purchasing an additional 99,448 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NET. Mizuho upped their price objective on Cloudflare from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Robert W. Baird lifted their price objective on shares of Cloudflare from $148.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. UBS Group upped their target price on shares of Cloudflare from $145.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada increased their target price 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 assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and an average price target of $196.54.

Insider Buying and Selling

In related news, insider Douglas James Kramer sold 9,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $213.48, for a total transaction of $1,921,320.00. Following the completion of the transaction, the insider directly owned 132,185 shares in the company, valued at approximately $28,218,853.80. This trade represents a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $215.38, for a total value of $5,522,558.58. Following the completion of the sale, the insider directly owned 14,575 shares in the company, valued at approximately $3,139,163.50. This represents a 63.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 685,270 shares of company stock valued at $142,042,796. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Shares of NET stock opened at $209.94 on Monday. The company’s 50 day moving average price is $212.65 and its two-hundred day moving average price is $179.12. 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, Inc. has a 52 week low of $85.60 and a 52 week high of $230.10. The company has a market capitalization of $73.16 billion, a P/E ratio of -617.47 and a beta of 1.99.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the business posted $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. On average, analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal 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.