LRI Investments LLC Buys 279 Shares of Cloudflare, Inc. $NET

LRI Investments LLC boosted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 680.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320 shares of the company’s stock after acquiring an additional 279 shares during the quarter. LRI Investments LLC’s holdings in Cloudflare were worth $63,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Alta Advisers Ltd bought a new stake in Cloudflare during the second quarter worth approximately $340,000. CWM LLC increased its stake in Cloudflare by 35.6% during the second quarter. CWM LLC now owns 15,855 shares of the company’s stock worth $3,105,000 after acquiring an additional 4,163 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Cloudflare by 15.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 46,377 shares of the company’s stock valued at $9,083,000 after buying an additional 6,218 shares during the period. Oak Ridge Investments LLC boosted its position in shares of Cloudflare by 2.9% during the second quarter. Oak Ridge Investments LLC now owns 58,718 shares of the company’s stock valued at $11,499,000 after buying an additional 1,681 shares during the period. Finally, Johnson Investment Counsel Inc. purchased a new position in shares of Cloudflare during the second quarter valued at approximately $224,000. 82.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NET has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Piper Sandler boosted their target price on Cloudflare from $151.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Bank of America boosted their target price on Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. Finally, KeyCorp boosted their target price on Cloudflare from $210.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.54.

Insider Buying and Selling at Cloudflare

In related news, CFO Thomas J. Seifert sold 59,130 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $200.30, for a total value of $11,843,739.00. Following the completion of the transaction, the chief financial officer owned 241,550 shares of the company’s stock, valued at $48,382,465. The trade was a 19.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $200.43, for a total transaction of $10,499,325.12. Following the completion of the transaction, the chief executive officer directly owned 20,111 shares of the company’s stock, valued at $4,030,847.73. This trade represents a 72.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 647,893 shares of company stock worth $132,718,279. 10.89% of the stock is currently owned by corporate insiders.

Cloudflare Stock Up 4.0%

Shares of NYSE NET opened at $222.42 on Tuesday. 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 firm has a market capitalization of $77.51 billion, a price-to-earnings ratio of -654.16 and a beta of 1.99. The stock has a 50 day moving average price of $212.27 and a 200 day moving average price of $176.32. Cloudflare, Inc. has a 52-week low of $85.60 and a 52-week high of $230.10.

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