Invesco Ltd. Has $766.72 Million Holdings in Cloudflare, Inc. $NET

Invesco Ltd. lessened its position in Cloudflare, Inc. (NYSE:NET) by 17.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,915,248 shares of the company’s stock after selling 809,759 shares during the quarter. Invesco Ltd. owned about 1.12% of Cloudflare worth $766,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cloudflare in the second quarter valued at about $29,000. Quaker Wealth Management LLC lifted its position in shares of Cloudflare by 218.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock worth $33,000 after purchasing an additional 306 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Cloudflare during the 2nd quarter worth about $36,000. Ameritas Advisory Services LLC bought a new stake in Cloudflare during the 2nd quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Cloudflare in the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Thomas J. Seifert sold 41,555 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total value of $8,069,149.90. Following the sale, the chief financial officer directly owned 137,486 shares in the company, valued at approximately $26,697,031.48. This represents a 23.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Katrin Suder sold 2,031 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $196.38, for a total value of $398,847.78. Following the completion of the transaction, the director directly owned 39,754 shares of the company’s stock, valued at approximately $7,806,890.52. The trade was a 4.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 638,528 shares of company stock valued at $133,985,858 over the last 90 days. Company insiders own 10.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NET shares. DZ Bank raised Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target on the stock in a research report on Wednesday, November 5th. UBS Group raised their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Citizens Jmp boosted their target price on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, October 31st. Royal Bank Of Canada increased their price target on shares of Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Cantor Fitzgerald raised their price target on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and an average price target of $235.33.

Cloudflare Stock Up 1.4%

Shares of NET stock opened at $204.06 on Thursday. Cloudflare, Inc. has a one year low of $89.42 and a one year high of $260.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a fifty day moving average price of $215.60 and a 200 day moving average price of $201.20. The stock has a market cap of $71.48 billion, a P/E ratio of -680.19 and a beta of 1.94.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) 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 firm had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’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. Analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Cloudflare Company Profile

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.