Cloudflare (NYSE:NET) Price Target Raised to $260.00 at Susquehanna

Cloudflare (NYSE:NET) had its price objective increased by investment analysts at Susquehanna from $205.00 to $260.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s target price points to a potential upside of 2.65% from the stock’s previous close.

NET has been the subject of a number of other reports. Piper Sandler increased their target price on Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a research report on Friday. DZ Bank reaffirmed a “sell” rating and set a $170.00 price objective on shares of Cloudflare in a research note on Tuesday, July 22nd. Citizens Jmp lifted their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday. Mizuho lifted their price objective on shares of Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Stifel Nicolaus lifted their price objective on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $228.96.

Cloudflare Trading Up 13.8%

Cloudflare stock opened at $253.29 on Monday. The firm has a 50 day moving average of $217.57 and a 200 day moving average of $187.93. The firm has a market capitalization of $88.26 billion, a price-to-earnings ratio of -844.28 and a beta of 2.10. Cloudflare has a 12-month low of $85.60 and a 12-month high of $254.30. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

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

Insider Transactions at Cloudflare

In other news, insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $215.38, for a total transaction of $5,522,558.58. Following the completion of the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at $3,139,163.50. This represents a 63.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew Prince sold 52,277 shares of the company’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $213.94, for a total value of $11,184,141.38. Following the completion of the sale, the chief executive officer owned 107 shares of the company’s stock, valued at approximately $22,891.58. The trade was a 99.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 631,540 shares of company stock valued at $131,564,497 over the last quarter. Company insiders own 10.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Cloudflare by 2.1% in the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after purchasing an additional 658,656 shares during the period. Geode Capital Management LLC grew its position in shares of Cloudflare by 5.1% in the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock valued at $1,081,533,000 after purchasing an additional 270,227 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Cloudflare by 33.5% in 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 purchasing an additional 786,063 shares during the period. American Century Companies Inc. grew its position in shares of Cloudflare by 34.5% in the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after purchasing an additional 779,819 shares during the period. Finally, Norges Bank purchased a new stake in shares of Cloudflare in the second quarter valued at $541,462,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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.