Parkside Financial Bank & Trust Acquires 451 Shares of Cloudflare, Inc. $NET

Parkside Financial Bank & Trust lifted its holdings in Cloudflare, Inc. (NYSE:NET) by 455.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 550 shares of the company’s stock after buying an additional 451 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Cloudflare were worth $108,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NET. Vanguard Group Inc. grew its holdings in Cloudflare by 1.8% in the first quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock worth $3,475,011,000 after purchasing an additional 538,850 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cloudflare by 33.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after purchasing an additional 786,063 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Cloudflare by 34.5% in the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares in the last quarter. Northern Trust Corp grew its stake in shares of Cloudflare by 1.7% in the 1st quarter. Northern Trust Corp now owns 1,880,888 shares of the company’s stock worth $211,957,000 after buying an additional 31,745 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Cloudflare by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,321,208 shares of the company’s stock valued at $148,887,000 after buying an additional 99,448 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Stock Performance

Shares of NET stock opened at $240.56 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The company has a 50 day moving average price of $221.13 and a 200-day moving average price of $193.23. Cloudflare, Inc. has a 52 week low of $87.77 and a 52 week high of $260.00. The firm has a market capitalization of $84.26 billion, a PE ratio of -801.87 and a beta of 2.10.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) 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 company had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $544.87 million. During the same quarter last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. As a group, equities research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NET shares. KeyCorp boosted their target price on Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Royal Bank Of Canada lifted their price target on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Guggenheim reissued a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective for the company in a research note on Wednesday, November 5th. Finally, Wall Street Zen raised shares of Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average price target of $235.35.

Insider Buying and Selling

In related news, Director Carl Ledbetter sold 15,000 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.65, for a total transaction of $3,159,750.00. Following the completion of the sale, the director owned 998,073 shares in the company, valued at approximately $210,244,077.45. This represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark J. Hawkins sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $254.15, for a total value of $254,150.00. Following the completion of the transaction, the director directly owned 10,990 shares in the company, valued at $2,793,108.50. The trade was a 8.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 638,060 shares of company stock valued at $133,217,328 over the last ninety days. 10.89% of the stock is owned by insiders.

About Cloudflare

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.