Cloudflare, Inc. $NET Stock Holdings Trimmed by APG Asset Management US Inc.

APG Asset Management US Inc. lowered its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 52.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,591 shares of the company’s stock after selling 4,989 shares during the period. APG Asset Management US Inc.’s holdings in Cloudflare were worth $531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. raised its stake in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after buying an additional 202 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Cloudflare in the 1st quarter worth $27,000. GPS Wealth Strategies Group LLC grew its holdings in shares of Cloudflare by 213.4% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock worth $29,000 after acquiring an additional 175 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cloudflare by 115.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company’s stock worth $30,000 after acquiring an additional 142 shares during the last quarter. Finally, Global Financial Private Client LLC grew its holdings in shares of Cloudflare by 38,100.0% in the 1st quarter. Global Financial Private Client LLC now owns 382 shares of the company’s stock worth $43,000 after acquiring an additional 381 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NET. Needham & Company LLC lifted their target price on Cloudflare from $200.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Oppenheimer restated an “outperform” rating and issued a $200.00 target price (up from $165.00) on shares of Cloudflare in a report on Thursday, June 5th. Piper Sandler lifted their target price on Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Cantor Fitzgerald lifted their target price on Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Finally, Susquehanna decreased their target price on Cloudflare from $170.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, May 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average target price of $191.28.

Insider Transactions at Cloudflare

In other news, CFO Thomas J. Seifert sold 34,270 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $200.17, for a total value of $6,859,825.90. Following the sale, the chief financial officer directly owned 241,550 shares in the company, valued at $48,351,063.50. The trade was a 12.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $171.25, for a total value of $8,970,760.00. Following the completion of the sale, the chief executive officer directly owned 381,213 shares in the company, valued at approximately $65,282,726.25. This represents a 12.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 630,323 shares of company stock valued at $118,661,105 over the last 90 days. 10.89% of the stock is currently owned by corporate insiders.

Cloudflare Price Performance

NYSE NET opened at $195.9330 on Friday. Cloudflare, Inc. has a twelve month low of $74.88 and a twelve month high of $219.00. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The stock has a market capitalization of $68.28 billion, a PE ratio of -576.27 and a beta of 1.84. The stock has a 50-day simple moving average of $193.75 and a 200 day simple moving average of $156.73.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s quarterly 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. Research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

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.