Cloudflare, Inc. $NET Shares Acquired by Swiss National Bank

Swiss National Bank boosted its stake in Cloudflare, Inc. (NYSE:NET) by 8.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 934,600 shares of the company’s stock after acquiring an additional 72,400 shares during the quarter. Swiss National Bank owned 0.27% of Cloudflare worth $183,023,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Personal CFO Solutions LLC lifted its holdings in Cloudflare by 4.2% during the second quarter. Personal CFO Solutions LLC now owns 2,628 shares of the company’s stock valued at $515,000 after purchasing an additional 107 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Cloudflare by 19.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 158,659 shares of the company’s stock worth $31,070,000 after purchasing an additional 25,958 shares during the last quarter. Lodestone Wealth Management LLC lifted its stake in Cloudflare by 10.5% in the 2nd quarter. Lodestone Wealth Management LLC now owns 2,015 shares of the company’s stock valued at $395,000 after buying an additional 192 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in Cloudflare in the 2nd quarter valued at about $337,000. Finally, Miller Financial Services LLC boosted its holdings in Cloudflare by 10.7% in the 2nd quarter. Miller Financial Services LLC now owns 6,487 shares of the company’s stock worth $1,270,000 after buying an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Performance

NYSE NET opened at $186.56 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The stock’s fifty day moving average is $219.41 and its two-hundred day moving average is $197.50. The firm has a market capitalization of $65.35 billion, a P/E ratio of -621.87 and a beta of 2.10. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two week high of $260.00.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.87 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Scotiabank increased their target price on Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Bank of America lifted their price target on Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Oppenheimer began coverage on Cloudflare in a research note on Monday, November 10th. They issued an “outperform” rating and a $260.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, October 8th. Finally, Robert W. Baird set a $220.00 target price on shares of Cloudflare in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and an average price target of $235.35.

Insiders Place Their Bets

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $194.18, for a total value of $8,069,149.90. Following the transaction, the chief financial officer directly owned 137,486 shares in the company, valued at $26,697,031.48. The trade was a 23.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $218.20, for a total transaction of $5,594,866.20. Following the completion of the sale, the insider directly owned 14,575 shares of the company’s stock, valued at approximately $3,180,265. This trade represents a 63.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 599,869 shares of company stock valued at $126,762,385 over the last ninety days. Company insiders own 10.89% of the company’s stock.

About Cloudflare

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.