Cloudflare, Inc. (NYSE:NET) Receives $191.28 Consensus Price Target from Analysts

Cloudflare, Inc. (NYSE:NET) has earned a consensus recommendation of “Moderate Buy” from the twenty-eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $191.28.

NET has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Cloudflare from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, August 1st. KeyCorp increased their price target on shares of Cloudflare from $210.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Morgan Stanley upped their price objective on Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Scotiabank lifted their target price on Cloudflare from $135.00 to $200.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Finally, Cantor Fitzgerald upped their price target on Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st.

Cloudflare Price Performance

Cloudflare stock opened at $216.60 on Friday. The stock has a market capitalization of $75.48 billion, a P/E ratio of -637.06 and a beta of 1.95. Cloudflare has a 12-month low of $77.80 and a 12-month high of $230.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The firm’s 50-day moving average is $207.78 and its two-hundred day moving average is $168.24.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The firm had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. During the same quarter last year, the business earned $0.20 earnings per share. Cloudflare’s revenue was up 27.8% compared to the same quarter last year. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Equities analysts predict that Cloudflare will post -0.11 earnings per share for the current year.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 59,130 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $200.30, for a total value of $11,843,739.00. Following the completion of the sale, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,382,465. This trade represents a 19.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michelle Zatlyn sold 35,100 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $191.71, for a total value of $6,729,021.00. Following the completion of the transaction, the insider owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. This represents a 70.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 742,020 shares of company stock worth $148,781,529. 10.89% of the stock is currently owned by insiders.

Institutional Trading of Cloudflare

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Daymark Wealth Partners LLC lifted its holdings in shares of Cloudflare by 1.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares during the last quarter. Huntington National Bank lifted its stake in Cloudflare by 22.8% in the second quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after buying an additional 52 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Cloudflare by 11.9% during the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after acquiring an additional 53 shares during the period. Fiduciary Planning LLC grew its position in shares of Cloudflare by 3.0% during the second quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after acquiring an additional 54 shares during the last quarter. Finally, Ossiam grew its position in Cloudflare by 2.0% in the 2nd quarter. Ossiam now owns 3,343 shares of the company’s stock worth $655,000 after purchasing an additional 64 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Company 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.