Mitsubishi UFJ Trust & Banking Corp Has $133.05 Million Position in Cloudflare, Inc. $NET

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Cloudflare, Inc. (NYSE:NET) by 18.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 679,400 shares of the company’s stock after selling 158,560 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of Cloudflare worth $133,047,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quaker Wealth Management LLC boosted its position in shares of Cloudflare by 218.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after acquiring an additional 306 shares in the last quarter. Hilltop National Bank acquired a new position in Cloudflare in the second quarter worth about $36,000. Ameritas Advisory Services LLC bought a new position in Cloudflare during the second quarter worth about $39,000. Cullen Frost Bankers Inc. acquired a new stake in Cloudflare during the second quarter valued at approximately $45,000. Finally, Whipplewood Advisors LLC grew its stake in shares of Cloudflare by 277.6% in the 2nd quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock valued at $50,000 after purchasing an additional 186 shares during the period. 82.68% of the stock is owned by institutional investors.

Cloudflare Trading Down 2.3%

NET stock opened at $234.96 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a twelve month low of $87.77 and a twelve month high of $260.00. The company has a market cap of $82.30 billion, a P/E ratio of -783.21 and a beta of 2.10. The business has a fifty day moving average of $221.66 and a 200-day moving average of $194.03.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $544.87 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. 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 research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Activity at Cloudflare

In other Cloudflare news, insider Douglas James Kramer sold 3,000 shares of Cloudflare stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $255.53, for a total transaction of $766,590.00. Following the completion of the sale, the insider owned 129,185 shares of the company’s stock, valued at approximately $33,010,643.05. The trade was a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $250.83, for a total transaction of $632,091.60. Following the sale, the director owned 495,191 shares of the company’s stock, valued at $124,208,758.53. The trade was a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 638,060 shares of company stock worth $133,217,328 over the last 90 days. Insiders own 10.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NET. Piper Sandler raised their target price on Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their price objective on Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, October 31st. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 target price on the stock in a research note on Wednesday, November 5th. Susquehanna increased their target price on shares of Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Argus lifted their price target on shares of Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.35.

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.