Los Angeles Capital Management LLC Purchases 75,476 Shares of Cloudflare, Inc. $NET

Los Angeles Capital Management LLC raised its holdings in Cloudflare, Inc. (NYSE:NET) by 38.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 272,939 shares of the company’s stock after acquiring an additional 75,476 shares during the period. Los Angeles Capital Management LLC owned about 0.08% of Cloudflare worth $53,450,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NET. Wealthedge Investment Advisors LLC increased its holdings in Cloudflare by 64.5% in the first quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock worth $1,367,000 after purchasing an additional 4,755 shares in the last quarter. American Century Companies Inc. lifted its holdings 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 worth $342,287,000 after buying an additional 779,819 shares in the last quarter. Motley Fool Asset Management LLC raised its position in Cloudflare by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock worth $3,476,000 after purchasing an additional 1,691 shares during the period. Independent Solutions Wealth Management LLC grew its holdings in Cloudflare by 293.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 15,059 shares of the company’s stock worth $2,949,000 after acquiring an additional 11,230 shares during the last quarter. Finally, Castle Rock Wealth Management LLC grew its position in shares of Cloudflare by 10.5% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,943 shares of the company’s stock worth $2,568,000 after buying an additional 1,229 shares during the period. Institutional investors own 82.68% of the company’s stock.

Insiders Place Their Bets

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the transaction, the chief financial officer owned 189,517 shares of the company’s stock, valued at approximately $36,129,520.88. This trade represents a 17.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $226.46, for a total value of $11,862,880.64. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 638,060 shares of company stock worth $133,217,328 in the last three months. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Price Performance

Cloudflare stock opened at $233.03 on Friday. The firm has a market capitalization of $81.21 billion, a PE ratio of -776.77 and a beta of 2.10. Cloudflare, Inc. has a 12-month low of $87.24 and a 12-month high of $260.00. The firm has a 50-day moving average price of $220.49 and a 200-day moving average price of $191.23. 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 posted its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $430.08 million during the quarter, compared to analysts’ expectations of $544.87 million. During the same quarter in the previous year, the business earned $0.20 EPS. Cloudflare’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, equities research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank increased their price target on Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Bank of America increased their price target on Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus boosted their target price on Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Robert W. Baird set a $220.00 price target on Cloudflare in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.16.

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.