Massachusetts Financial Services Co. MA Has $279.59 Million Holdings in Cloudflare, Inc. $NET

Massachusetts Financial Services Co. MA increased its position in Cloudflare, Inc. (NYSE:NET) by 96.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,302,893 shares of the company’s stock after buying an additional 639,245 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Cloudflare were worth $279,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC lifted its stake in Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after purchasing an additional 70 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Cloudflare during the 2nd quarter worth approximately $29,000. Harbor Investment Advisory LLC acquired a new stake in Cloudflare in the 3rd quarter valued at $32,000. Stone House Investment Management LLC grew its position in Cloudflare by 700.0% in the third quarter. Stone House Investment Management LLC now owns 160 shares of the company’s stock valued at $34,000 after acquiring an additional 140 shares during the period. Finally, Quaker Wealth Management LLC raised its stake in Cloudflare by 218.6% during the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock worth $33,000 after acquiring an additional 306 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Insider Transactions at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 137,486 shares in the company, valued at approximately $26,697,031.48. This trade represents a 23.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $195.32, for a total value of $10,231,642.88. Following the transaction, the chief executive officer owned 22,175 shares of the company’s stock, valued at $4,331,221. The trade was a 70.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 609,213 shares of company stock worth $120,586,544 in the last three months. Insiders own 10.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC upped their target price on shares of Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus upped their price objective on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Susquehanna raised their price objective on shares of Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Citigroup decreased their price target on Cloudflare from $318.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $230.26.

Cloudflare Stock Performance

Cloudflare stock opened at $184.41 on Tuesday. Cloudflare, Inc. has a 1 year low of $89.42 and a 1 year high of $260.00. The company’s 50-day moving average is $199.06 and its two-hundred day moving average is $206.50. 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 cap of $64.60 billion, a PE ratio of -614.70, a PEG ratio of 121.14 and a beta of 1.96.

Cloudflare (NYSE:NET) last announced its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $544.65 million. During the same period in the prior year, the business posted $0.20 earnings per share. Cloudflare’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

About Cloudflare

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.