Plato Investment Management Ltd Boosts Position in Cloudflare, Inc. $NET

Plato Investment Management Ltd boosted its position in shares of Cloudflare, Inc. (NYSE:NET) by 64.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,061 shares of the company’s stock after purchasing an additional 1,979 shares during the quarter. Plato Investment Management Ltd’s holdings in Cloudflare were worth $987,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quaker Wealth Management LLC lifted its position in shares of Cloudflare by 218.6% in the second 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 purchased a new stake in shares of Cloudflare in the second quarter valued at $36,000. Ameritas Advisory Services LLC purchased a new stake in shares of Cloudflare in the second quarter valued at $39,000. Mather Group LLC. lifted its position in shares of Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Cloudflare in the second quarter valued at $45,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NET has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus upped their price objective on Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC upped their target price on Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a research note on Friday. DZ Bank reiterated a “sell” rating and issued a $170.00 target price on shares of Cloudflare in a research note on Tuesday, July 22nd. Finally, Oppenheimer set a $260.00 target price on Cloudflare and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Cloudflare presently has a consensus rating of “Moderate Buy” and an average price target of $224.16.

Cloudflare Stock Performance

Cloudflare stock opened at $253.29 on Monday. The firm has a market capitalization of $88.26 billion, a P/E ratio of -844.28 and a beta of 2.10. The stock has a fifty day moving average price of $217.57 and a 200 day moving average price of $187.93. Cloudflare, Inc. has a 52 week low of $85.60 and a 52 week 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 announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 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 return on equity of 6.54% and a negative net margin of 5.12%.The firm’s revenue was up 30.7% on a year-over-year basis. During the same period 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. Equities research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Activity at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,277 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $213.94, for a total transaction of $11,184,141.38. Following the completion of the sale, the chief executive officer directly owned 107 shares in the company, valued at $22,891.58. This represents a 99.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $211.81, for a total value of $2,118,100.00. Following the sale, the chief financial officer owned 189,517 shares of the company’s stock, valued at $40,141,595.77. This represents a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 631,540 shares of company stock valued at $131,564,497 over the last three months. Insiders own 10.89% of the company’s stock.

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.