Creekmur Asset Management LLC Buys New Position in Cloudflare, Inc. $NET

Creekmur Asset Management LLC bought a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 12,042 shares of the company’s stock, valued at approximately $2,358,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings 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 valued at $3,475,011,000 after buying an additional 538,850 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after buying an additional 786,063 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after buying an additional 779,819 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Cloudflare by 1.7% during the first quarter. Northern Trust Corp now owns 1,880,888 shares of the company’s stock valued at $211,957,000 after buying an additional 31,745 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 valued at $148,887,000 after buying an additional 99,448 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the completion of the transaction, the chief financial officer owned 189,517 shares of the company’s stock, valued at $36,129,520.88. This represents a 17.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $226.46, for a total value of $11,862,880.64. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 631,540 shares of company stock worth $131,564,497 in the last 90 days. Insiders own 10.89% of the company’s stock.

Analyst Upgrades and Downgrades

NET has been the topic of a number of research analyst reports. KeyCorp boosted their price objective on shares of Cloudflare from $210.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 1st. DZ Bank reissued a “sell” rating and set a $170.00 price objective on shares of Cloudflare in a report on Tuesday, July 22nd. Scotiabank boosted their target price on shares of Cloudflare from $135.00 to $200.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. UBS Group boosted their target price on shares of Cloudflare from $215.00 to $240.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Finally, Jefferies Financial Group set a $250.00 target price on shares of Cloudflare in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $202.38.

Cloudflare Trading Down 2.2%

Shares of Cloudflare stock opened at $222.48 on Friday. The firm has a 50-day simple moving average of $216.42 and a two-hundred day simple moving average of $185.82. The company has a market cap of $77.53 billion, a P/E ratio of -654.36 and a beta of 1.99. Cloudflare, Inc. has a fifty-two week low of $85.60 and a fifty-two week high of $231.13. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $430.08 million during the quarter, compared to the consensus estimate of $544.87 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The company’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

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.