Aviva PLC Grows Stake in Cloudflare, Inc. $NET

Aviva PLC lifted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 125.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,812 shares of the company’s stock after buying an additional 128,553 shares during the quarter. Aviva PLC owned about 0.07% of Cloudflare worth $45,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Cloudflare by 1.8% during the first quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock worth $3,475,011,000 after purchasing an additional 538,850 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after buying an additional 786,063 shares during the last quarter. American Century Companies Inc. increased its position in Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after buying an additional 779,819 shares during the period. Northern Trust Corp increased its position in Cloudflare by 1.7% during the first quarter. Northern Trust Corp now owns 1,880,888 shares of the company’s stock worth $211,957,000 after buying an additional 31,745 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Cloudflare by 8.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,321,208 shares of the company’s stock worth $148,887,000 after acquiring an additional 99,448 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NET has been the subject of a number of recent research reports. Scotiabank increased their price target on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Wells Fargo & Company boosted their price target on Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Wall Street Zen upgraded Cloudflare from a “hold” rating to a “buy” rating in a research note on Saturday. DZ Bank upgraded Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target for the company in a research note on Wednesday, November 5th. Finally, Piper Sandler boosted their price objective on shares of Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average target price of $234.16.

Cloudflare Trading Up 3.2%

NYSE NET opened at $233.03 on Monday. Cloudflare, Inc. has a 12 month low of $87.24 and a 12 month high of $260.00. The company has a 50-day moving average of $220.49 and a 200-day moving average of $192.37. The company has a market cap of $81.63 billion, a P/E ratio of -776.77 and a beta of 2.10. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $430.08 million for the quarter, compared to the consensus estimate of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm posted $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. As a group, equities analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 10,000 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $211.81, for a total transaction of $2,118,100.00. Following the sale, the chief financial officer directly owned 189,517 shares in the company, valued at approximately $40,141,595.77. This represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark J. Hawkins sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $254.15, for a total value of $254,150.00. Following the completion of the sale, the director directly owned 10,990 shares in the company, valued at approximately $2,793,108.50. This trade represents a 8.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 638,060 shares of company stock worth $133,217,328. 10.89% of the stock is owned by insiders.

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.