RPG Investment Advisory LLC Has $33.45 Million Stock Holdings in Cloudflare, Inc. $NET

RPG Investment Advisory LLC lifted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 76.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,862 shares of the company’s stock after buying an additional 129,007 shares during the period. Cloudflare comprises 2.4% of RPG Investment Advisory LLC’s holdings, making the stock its 12th largest position. RPG Investment Advisory LLC’s holdings in Cloudflare were worth $33,453,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Cloudflare by 86.8% during the 1st quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock worth $123,000 after buying an additional 508 shares during the last quarter. Wealthedge Investment Advisors LLC boosted its stake in shares of Cloudflare by 64.5% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock worth $1,367,000 after buying an additional 4,755 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after buying an additional 779,819 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Cloudflare by 9.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,635 shares of the company’s stock worth $297,000 after buying an additional 230 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Cloudflare by 7.0% in the first quarter. Amalgamated Bank now owns 21,402 shares of the company’s stock valued at $2,412,000 after acquiring an additional 1,400 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Performance

NYSE NET opened at $192.7840 on Friday. The firm has a 50-day moving average of $193.27 and a 200-day moving average of $156.34. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The stock has a market cap of $67.18 billion, a PE ratio of -567.01 and a beta of 1.84. Cloudflare, Inc. has a 52-week low of $74.88 and a 52-week high of $219.00.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The company had revenue of $512.32 million during the quarter, compared to analysts’ expectations of $501.58 million. During the same quarter last year, the company posted $0.20 EPS. Cloudflare’s quarterly revenue was up 27.8% compared to the same quarter last year. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 536 shares of Cloudflare stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $194.84, for a total value of $104,434.24. Following the completion of the sale, the chief executive officer owned 20,111 shares in the company, valued at $3,918,427.24. The trade was a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl Ledbetter sold 15,000 shares of Cloudflare stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $199.85, for a total transaction of $2,997,750.00. Following the completion of the sale, the director owned 1,043,073 shares of the company’s stock, valued at $208,458,139.05. This trade represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 630,323 shares of company stock worth $118,661,105. 10.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Mizuho increased their price target on shares of Cloudflare from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Stifel Nicolaus increased their price target on shares of Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 1st. UBS Group increased their price target on shares of Cloudflare from $145.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Needham & Company LLC increased their price target on shares of Cloudflare from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, JMP Securities increased their price target on shares of Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $191.28.

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.