Research Analysts’ Recent Ratings Changes for Cloudflare (NET)

Several brokerages have updated their recommendations and price targets on shares of Cloudflare (NYSE: NET) in the last few weeks:

• 1/7/2025 – Cloudflare had its price target raised by analysts at Wells Fargo & Company from $110.00 to $135.00. They now have an “overweight” rating on the stock.
• 1/3/2025 – Cloudflare had its price target raised by analysts at Royal Bank of Canada from $99.00 to $123.00. They now have an “outperform” rating on the stock.
• 1/2/2025 – Cloudflare was upgraded by analysts at The Goldman Sachs Group, Inc. from a “sell” rating to a “buy” rating. They now have a $140.00 price target on the stock, up previously from $77.00.
• 12/19/2024 – Cloudflare had its price target raised by analysts at Jefferies Financial Group Inc. from $100.00 to $125.00. They now have a “hold” rating on the stock.
• 12/17/2024 – Cloudflare was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $136.00 price target on the stock, up previously from $95.00.
• 12/13/2024 – Cloudflare had its price target raised by analysts at Mizuho from $102.00 to $125.00. They now have a “neutral” rating on the stock.
• 12/2/2024 – Cloudflare was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $130.00 price target on the stock, up previously from $92.00.

Cloudflare Trading Up 1.9 %

NYSE:NET traded up $2.15 on Wednesday, reaching $115.82. 3,028,794 shares of the company’s stock were exchanged, compared to its average volume of 3,239,666. The firm has a market capitalization of $39.75 billion, a price-to-earnings ratio of -445.46 and a beta of 1.10. Cloudflare, Inc. has a 52-week low of $66.24 and a 52-week high of $119.42. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 1.32. The business has a fifty day moving average of $103.82 and a 200-day moving average of $89.73.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $423.65 million. Cloudflare had a negative return on equity of 7.18% and a negative net margin of 5.97%. As a group, analysts expect that Cloudflare, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Cloudflare

In related news, CFO Thomas J. Seifert sold 15,000 shares of Cloudflare stock in a transaction on Friday, October 18th. The shares were sold at an average price of $90.88, for a total transaction of $1,363,200.00. Following the sale, the chief financial officer now directly owns 281,403 shares in the company, valued at $25,573,904.64. This trade represents a 5.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas James Kramer sold 3,000 shares of Cloudflare stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $88.60, for a total value of $265,800.00. Following the sale, the insider now owns 185,386 shares in the company, valued at $16,425,199.60. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 539,852 shares of company stock worth $54,505,326 over the last ninety days. Corporate insiders own 12.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Cloudflare by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,834,558 shares of the company’s stock worth $390,130,000 after buying an additional 121,810 shares in the last quarter. Marshall Wace LLP raised its position in Cloudflare by 123.4% in the second quarter. Marshall Wace LLP now owns 1,548,535 shares of the company’s stock worth $128,265,000 after acquiring an additional 855,334 shares in the last quarter. American Century Companies Inc. lifted its holdings in Cloudflare by 24.8% in the second quarter. American Century Companies Inc. now owns 1,394,732 shares of the company’s stock valued at $115,526,000 after acquiring an additional 277,228 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Cloudflare by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,157,815 shares of the company’s stock worth $93,656,000 after purchasing an additional 29,960 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Cloudflare by 1.1% during the 3rd quarter. Swiss National Bank now owns 893,600 shares of the company’s stock worth $72,283,000 after purchasing an additional 10,100 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

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.