Cloudflare (NYSE:NET) Price Target Raised to $265.00

Cloudflare (NYSE:NET) had its price objective increased by Argus from $238.00 to $265.00 in a research report sent to investors on Monday morning,Benzinga reports. Argus currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. JMP Securities set a $270.00 price target on shares of Cloudflare in a research note on Friday, October 31st. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective on the stock in a report on Wednesday, November 5th. UBS Group raised their target price on Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Robert W. Baird set a $220.00 target price on Cloudflare in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Cloudflare has an average rating of “Moderate Buy” and an average price target of $235.35.

Cloudflare Stock Down 4.0%

Shares of NYSE NET opened at $225.46 on Monday. Cloudflare has a 12-month low of $87.77 and a 12-month high of $260.00. The company has a market cap of $78.97 billion, a P/E ratio of -751.53 and a beta of 2.10. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The stock has a fifty day moving average price of $222.05 and a 200 day moving average price of $194.25.

Cloudflare (NYSE:NET) last issued its quarterly earnings data 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 return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $544.87 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Research analysts anticipate that Cloudflare will post -0.11 EPS for the current fiscal year.

Insider Activity

In related news, Director John Graham-Cumming sold 2,520 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $250.83, for a total transaction of $632,091.60. Following the transaction, the director directly owned 495,191 shares in the company, valued at $124,208,758.53. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas James Kramer sold 3,000 shares of Cloudflare stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $255.53, for a total transaction of $766,590.00. Following the completion of the transaction, the insider directly owned 129,185 shares of the company’s stock, valued at approximately $33,010,643.05. This represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 638,060 shares of company stock valued at $133,217,328 over the last three months. Company insiders own 10.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Artemis Wealth Advisors LLC acquired a new stake in Cloudflare during the third quarter worth about $1,502,000. Left Brain Wealth Management LLC boosted its stake in Cloudflare by 3.9% in the third quarter. Left Brain Wealth Management LLC now owns 4,953 shares of the company’s stock valued at $1,063,000 after acquiring an additional 188 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of Cloudflare by 51.9% during the third quarter. Orion Porfolio Solutions LLC now owns 21,202 shares of the company’s stock valued at $4,550,000 after purchasing an additional 7,245 shares during the last quarter. Corient IA LLC acquired a new stake in shares of Cloudflare during the 3rd quarter worth approximately $215,000. Finally, ARK Investment Management LLC lifted its holdings in shares of Cloudflare by 8.8% in the 3rd quarter. ARK Investment Management LLC now owns 222,318 shares of the company’s stock worth $47,707,000 after purchasing an additional 18,012 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

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.