Mirae Asset Global Investments Co. Ltd. Purchases 41,166 Shares of Cloudflare, Inc. $NET

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Cloudflare, Inc. (NYSE:NET) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,166 shares of the company’s stock, valued at approximately $14,296,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GK Wealth Management LLC purchased a new stake in shares of Cloudflare in the third quarter worth about $25,000. Cornerstone Financial Management LLC raised its holdings in shares of Cloudflare by 65.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after buying an additional 47 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of Cloudflare during the 2nd quarter valued at about $30,000. CX Institutional raised its holdings in shares of Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 44 shares during the period. Finally, Cape Investment Advisory Inc. acquired a new position in Cloudflare during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Price Performance

Shares of NET stock opened at $273.17 on Wednesday. The firm has a fifty day moving average of $320.06 and a two-hundred day moving average of $248.60. The firm has a market cap of $96.56 billion, a P/E ratio of -470.98, a P/E/G ratio of 210.90 and a beta of 1.37. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the prior year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. As a group, research analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $277.43, for a total value of $9,156,022.29. Following the completion of the sale, the insider directly owned 69,775 shares of the company’s stock, valued at $19,357,678.25. The trade was a 32.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $281.98, for a total value of $1,409,900.00. Following the sale, the director directly owned 883,073 shares in the company, valued at approximately $249,008,924.54. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 264,057 shares of company stock worth $80,926,805. Corporate insiders own 10.66% of the company’s stock.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: JPMorgan raised its rating from Neutral to Overweight and set a $350 price target, citing an appealing entry point after the stock’s roughly 26% decline over the previous month and potential for faster revenue growth. JPMorgan upgrades Cloudflare after selloff
• Neutral Sentiment: Cloudflare’s November 5 earnings report is the next key catalyst. Investors will assess demand for its AI, Workers and security products, as well as whether growth can support its valuation. Cloudflare earnings date
• Negative Sentiment: Jefferies lowered its price target from $350 to $320 and maintained a Hold rating, signaling less upside than its prior forecast. Jefferies lowers Cloudflare price target
• Negative Sentiment: Valuation remains a concern: bearish analysts argue that the share price assumes substantial future margin expansion and AI monetization, while profitability and cash generation have yet to justify that premium. Cloudflare has also retreated from its October high amid pressure on expensive software and AI stocks. Cloudflare earnings and valuation analysis

Analysts Set New Price Targets

A number of equities analysts have weighed in on NET shares. Mizuho upped their price target on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Piper Sandler lifted their price objective on shares of Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. upgraded shares of Cloudflare from a “neutral” rating to an “overweight” rating and set a $350.00 price objective on the stock in a research note on Tuesday. DZ Bank cut shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada upped their target price on shares of Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Twenty-four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $333.21.

About Cloudflare

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.