Cloudflare, Inc. $NET Shares Bought by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 6,945.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 272,738 shares of the company’s stock after purchasing an additional 268,867 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.08% of Cloudflare worth $53,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NET. Tripletail Wealth Management LLC purchased a new position in shares of Cloudflare during the 2nd quarter valued at approximately $214,000. Goldstream Capital Management Ltd purchased a new position in Cloudflare during the second quarter valued at $5,144,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of Cloudflare in the second quarter valued at about $432,000. Daiwa Securities Group Inc. increased its stake in shares of Cloudflare by 1.6% during the second quarter. Daiwa Securities Group Inc. now owns 25,052 shares of the company’s stock worth $4,906,000 after purchasing an additional 400 shares in the last quarter. Finally, Certuity LLC increased its stake in shares of Cloudflare by 20.0% during the second quarter. Certuity LLC now owns 3,471 shares of the company’s stock worth $680,000 after purchasing an additional 578 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 41,555 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the sale, the chief financial officer owned 137,486 shares of the company’s stock, valued at approximately $26,697,031.48. This represents a 23.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $215.51, for a total value of $11,289,275.84. The SEC filing for this sale provides additional information. Insiders sold 638,528 shares of company stock valued at $131,882,116 in the last 90 days. Company insiders own 10.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays assumed coverage on Cloudflare in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $235.00 price objective on the stock. Needham & Company LLC raised their price objective on shares of Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. JMP Securities set a $270.00 target price on shares of Cloudflare in a report on Friday, October 31st. Susquehanna upped their price objective on Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Argus raised their target price on Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.33.

Cloudflare Price Performance

NET stock opened at $213.64 on Thursday. The business’s fifty day moving average price is $214.57 and its 200 day moving average price is $202.92. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $74.83 billion, a PE ratio of -712.13 and a beta of 1.94.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.Cloudflare’s revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

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.