EFG Asset Management North America Corp. Reduces Stock Holdings in Cloudflare, Inc. $NET

EFG Asset Management North America Corp. trimmed its position in shares of Cloudflare, Inc. (NYSE:NET) by 21.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 21,211 shares of the company’s stock after selling 5,820 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Cloudflare were worth $4,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NET. Vanguard Group Inc. grew its stake in shares of Cloudflare by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after acquiring an additional 658,656 shares during the period. Geode Capital Management LLC boosted its position in Cloudflare by 5.1% during the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after purchasing an additional 270,227 shares during the period. Norges Bank bought a new position in Cloudflare during the second quarter worth about $541,462,000. Charles Schwab Investment Management Inc. raised its holdings in Cloudflare by 3.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,368,906 shares of the company’s stock valued at $268,073,000 after acquiring an additional 47,698 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Cloudflare by 96.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,302,893 shares of the company’s stock valued at $279,588,000 after purchasing an additional 639,245 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $178.37, for a total transaction of $1,783,700.00. Following the transaction, the chief financial officer directly owned 137,486 shares in the company, valued at $24,523,377.82. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl Ledbetter sold 6,134 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $198.26, for a total value of $1,216,126.84. Following the completion of the sale, the director owned 968,073 shares of the company’s stock, valued at $191,930,152.98. The trade was a 0.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 619,213 shares of company stock worth $122,370,244 over the last three months. Corporate insiders own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the subject of several analyst reports. UBS Group cut their price target on shares of Cloudflare from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. KeyCorp upped their price objective on shares of Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Oppenheimer began coverage on shares of Cloudflare in a research report on Monday, November 10th. They set an “outperform” rating and a $260.00 target price for the company. DZ Bank raised shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target on the stock in a report on Wednesday, November 5th. Finally, Guggenheim restated a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $232.48.

Cloudflare Trading Up 9.2%

Shares of NET opened at $189.41 on Tuesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two week high of $260.00. The firm has a 50 day moving average price of $194.97 and a 200-day moving average price of $206.00. The firm has a market cap of $66.35 billion, a price-to-earnings ratio of -631.36, a PEG ratio of 114.08 and a beta of 1.96.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. As a group, equities research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.