Cloudflare, Inc. $NET Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB boosted its position in shares of Cloudflare, Inc. (NYSE:NET) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 42,000 shares of the company’s stock after buying an additional 1,632 shares during the period. Nordea Investment Management AB’s holdings in Cloudflare were worth $8,175,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mutual Advisors LLC boosted its stake in shares of Cloudflare by 8.7% in the second quarter. Mutual Advisors LLC now owns 1,819 shares of the company’s stock worth $361,000 after acquiring an additional 145 shares during the last quarter. Generali Asset Management SPA SGR lifted its holdings in Cloudflare by 1.2% in the 2nd quarter. Generali Asset Management SPA SGR now owns 11,117 shares of the company’s stock valued at $2,177,000 after purchasing an additional 128 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in Cloudflare during the 2nd quarter worth $232,000. Harbour Investments Inc. grew its holdings in shares of Cloudflare by 4.1% during the second quarter. Harbour Investments Inc. now owns 2,479 shares of the company’s stock worth $485,000 after buying an additional 98 shares in the last quarter. Finally, Sagespring Wealth Partners LLC grew its holdings in shares of Cloudflare by 13.3% during the second quarter. Sagespring Wealth Partners LLC now owns 2,974 shares of the company’s stock worth $582,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Performance

Shares of NET stock opened at $212.80 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 cap of $74.16 billion, a P/E ratio of -625.87 and a beta of 1.99. The firm’s 50 day moving average price is $212.89 and its 200-day moving average price is $179.93. Cloudflare, Inc. has a one year low of $85.60 and a one year high of $230.10.

Cloudflare (NYSE:NET) last announced its 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. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The firm’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. As a group, equities research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Buying and Selling

In other news, CFO Thomas J. Seifert sold 59,130 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the sale, the chief financial officer owned 241,550 shares of the company’s stock, valued at approximately $48,382,465. This represents a 19.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michelle Zatlyn sold 35,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the completion of the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. The trade was a 70.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 710,270 shares of company stock valued at $147,320,646. Corporate insiders own 10.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NET shares. Cantor Fitzgerald raised their price target on shares of Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Citigroup increased their price objective on shares of Cloudflare from $240.00 to $255.00 and gave the company a “buy” rating in a report on Monday, August 18th. Wells Fargo & Company boosted their target price on Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Morgan Stanley upped their price target on Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, DZ Bank reiterated a “sell” rating and set a $170.00 price objective on shares of Cloudflare in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $196.54.

Cloudflare 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.