Cloudflare (NYSE:NET) Stock Price Expected to Rise, Argus Analyst Says

Cloudflare (NYSE:NET) had its price target raised by investment analysts at Argus from $238.00 to $265.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Argus’ price target suggests a potential upside of 9.33% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Citizens Jmp upped their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. JMP Securities set a $270.00 price objective on Cloudflare in a research note on Friday, October 31st. 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. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 target price for the company in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada lifted their target price on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $235.35.

Cloudflare Stock Performance

NET opened at $242.39 on Monday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare has a fifty-two week low of $87.77 and a fifty-two week high of $260.00. The firm has a market cap of $84.91 billion, a PE ratio of -798.75 and a beta of 2.10. The business has a fifty day simple moving average of $220.49 and a 200-day simple moving average of $192.37.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $430.08 million during the quarter, compared to analyst estimates of $544.87 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 30.7% on a year-over-year basis. 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 analysts predict that Cloudflare will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In related news, insider Douglas James Kramer sold 3,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $255.53, for a total transaction of $766,590.00. Following the sale, the insider owned 129,185 shares of the company’s stock, valued at $33,010,643.05. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction 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 approximately $40,141,595.77. This trade represents a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 638,060 shares of company stock worth $133,217,328. 10.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cloudflare

Institutional investors and hedge funds have recently bought and sold shares of the business. Asahi Life Asset Management CO. LTD. acquired a new stake in Cloudflare in the 3rd quarter valued at about $450,000. Tredje AP fonden lifted its holdings in Cloudflare by 25.0% in the third quarter. Tredje AP fonden now owns 30,920 shares of the company’s stock valued at $6,635,000 after acquiring an additional 6,187 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Cloudflare in the third quarter valued at $310,000. Bridgewater Advisors Inc. lifted its stake in shares of Cloudflare by 1.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 5,881 shares of the company’s stock valued at $1,325,000 after purchasing an additional 64 shares during the last quarter. Finally, New Millennium Group LLC grew its holdings in shares of Cloudflare by 22.9% during the 3rd quarter. New Millennium Group LLC now owns 403 shares of the company’s stock worth $86,000 after purchasing an additional 75 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

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.