Tredje AP fonden Acquires 772 Shares of Cloudflare, Inc. $NET

Tredje AP fonden grew its holdings in Cloudflare, Inc. (NYSE:NET) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,733 shares of the company’s stock after acquiring an additional 772 shares during the period. Tredje AP fonden’s holdings in Cloudflare were worth $4,843,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. TIAA Trust National Association raised its holdings in Cloudflare by 3,643.4% in the 2nd quarter. TIAA Trust National Association now owns 85,537 shares of the company’s stock worth $16,751,000 after purchasing an additional 83,252 shares during the period. Plato Investment Management Ltd raised its stake in shares of Cloudflare by 64.2% in the second quarter. Plato Investment Management Ltd now owns 5,061 shares of the company’s stock worth $987,000 after buying an additional 1,979 shares during the period. NWK Group Inc. bought a new position in shares of Cloudflare in the second quarter worth about $6,201,000. Creative Financial Designs Inc. ADV raised its stake in shares of Cloudflare by 14.3% in the second quarter. Creative Financial Designs Inc. ADV now owns 751 shares of the company’s stock worth $147,000 after buying an additional 94 shares during the period. Finally, Creekmur Asset Management LLC bought a new stake in Cloudflare during the 2nd quarter worth approximately $2,358,000. 82.68% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cloudflare news, CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction that occurred on 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. The trade was a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carl Ledbetter sold 15,000 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.65, for a total transaction of $3,159,750.00. Following the completion of the sale, the director owned 998,073 shares in the company, valued at $210,244,077.45. This represents a 1.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 631,540 shares of company stock worth $131,564,497. Insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Shares of NYSE NET opened at $253.29 on Monday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market cap of $88.26 billion, a P/E ratio of -844.28 and a beta of 2.10. The firm’s fifty day moving average is $217.57 and its two-hundred day moving average is $187.93. Cloudflare, Inc. has a 52-week low of $85.60 and a 52-week high of $254.30.

Cloudflare (NYSE:NET) last issued 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. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $544.87 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The business’s revenue was up 30.7% compared to the same quarter last year. 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, analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Oppenheimer set a $260.00 target price on shares of Cloudflare and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. Scotiabank raised their price objective on shares of Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research report on Friday. Bank of America raised their price target on Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Needham & Company LLC raised their price target on Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.16.

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.