EFG Asset Management North America Corp. Has $4.55 Million Holdings in Cloudflare, Inc. $NET

EFG Asset Management North America Corp. lessened its position in shares of Cloudflare, Inc. (NYSE:NET) by 21.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,211 shares of the company’s stock after selling 5,820 shares during the period. EFG Asset Management North America Corp.’s holdings in Cloudflare were worth $4,550,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NET. Rakuten Investment Management Inc. bought a new stake in Cloudflare in the third quarter valued at $138,660,000. Westfield Capital Management Co. LP bought a new stake in Cloudflare in the 2nd quarter valued at about $87,868,000. Swedbank AB raised its stake in Cloudflare by 27.7% during the 3rd quarter. Swedbank AB now owns 43,878 shares of the company’s stock worth $9,416,000 after buying an additional 9,527 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Cloudflare by 20.1% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 170,186 shares of the company’s stock worth $36,520,000 after acquiring an additional 28,495 shares in the last quarter. Finally, Strategy Capital LLC grew its stake in Cloudflare by 4.5% in the second quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock valued at $228,326,000 after acquiring an additional 50,374 shares during the period. Institutional investors own 82.68% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Thomas J. Seifert sold 41,555 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $194.18, for a total value of $8,069,149.90. Following the transaction, the chief financial officer directly owned 137,486 shares of the company’s stock, valued at approximately $26,697,031.48. The trade was a 23.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michelle Zatlyn sold 35,099 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the sale, the insider owned 24,555 shares of the company’s stock, valued at $4,892,829.30. This trade represents a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 619,213 shares of company stock valued at $122,370,244. Insiders own 10.89% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NET. Guggenheim reaffirmed a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. JMP Securities set a $270.00 price objective on shares of Cloudflare in a report on Friday, October 31st. Citizens Jmp lifted their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. Truist Financial set a $225.00 target price on shares of Cloudflare in a report on Tuesday, January 20th. Finally, Stifel Nicolaus raised their price target on shares of Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $232.48.

Cloudflare Stock Up 9.2%

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

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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. Research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal 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.