Diversified Enterprises LLC Invests $225,000 in Cloudflare, Inc. $NET

Diversified Enterprises LLC purchased a new position in Cloudflare, Inc. (NYSE:NET) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,149 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cloudflare by 33.5% during the 1st 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 buying an additional 786,063 shares in the last quarter. Nuveen LLC acquired a new position in Cloudflare in the first quarter valued at $88,203,000. American Century Companies Inc. lifted its stake 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. Raymond James Financial Inc. lifted its stake in Cloudflare by 129.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company’s stock valued at $123,647,000 after buying an additional 619,526 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Cloudflare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock valued at $3,475,011,000 after buying an additional 538,850 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $216.60 on Friday. The business has a 50-day simple moving average of $207.78 and a 200-day simple moving average of $168.24. Cloudflare, Inc. has a one year low of $77.80 and a one year high of $230.10. The company has a market cap of $75.48 billion, a PE ratio of -637.06 and a beta of 1.95. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14.

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

Insiders Place Their Bets

In other news, CFO Thomas J. Seifert sold 59,130 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas J. Seifert sold 34,270 shares of Cloudflare stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $200.17, for a total value of $6,859,825.90. Following the completion of the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,351,063.50. This represents a 12.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 742,020 shares of company stock valued at $148,781,529 in the last three months. 10.89% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Mizuho upped their price target on shares of Cloudflare from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. KeyCorp boosted their price target on Cloudflare from $210.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price target (up previously from $165.00) on shares of Cloudflare in a report on Thursday, June 5th. Stifel Nicolaus upped their price target on Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, DZ Bank reiterated a “sell” rating and issued a $170.00 price objective on shares of Cloudflare in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $191.28.

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.