Cloudflare (NYSE:NET) Price Target Raised to $318.00

by · The Markets Daily

Cloudflare (NYSE:NET – Free Report) had its target price lifted by Citigroup from $255.00 to $318.00 in a report released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research analysts also recently commented on the company. Needham & Company LLC lifted their price target on Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Piper Sandler boosted their price objective on Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Bank of America boosted their price objective on Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. DZ Bank restated a “sell” rating and set a $170.00 target price on shares of Cloudflare in a research report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $234.16.

Get Our Latest Stock Analysis on NET

Cloudflare Stock Down 1.8%

NET opened at $228.65 on Monday. The business has a 50-day moving average of $219.75 and a 200-day moving average of $190.07. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. Cloudflare has a fifty-two week low of $87.24 and a fifty-two week high of $260.00. The company has a market capitalization of $79.68 billion, a PE ratio of -762.17 and a beta of 2.10.

Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business had revenue of $430.08 million for the quarter, compared to the consensus estimate of $544.87 million. During the same period last year, the business earned $0.20 EPS. The firm’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. FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts forecast that Cloudflare will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the completion of the transaction, the chief financial officer directly owned 189,517 shares in the company, valued at approximately $36,129,520.88. This trade represents a 17.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 638,060 shares of company stock worth $133,217,328. 10.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mather Group LLC. lifted its position in shares of Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after buying an additional 202 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 104 shares during the period. Westside Investment Management Inc. increased its stake in shares of Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in Cloudflare during the 2nd quarter worth $29,000. Finally, ORG Wealth Partners LLC increased its stake in Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after acquiring an additional 70 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Company Profile

(Get Free Report)

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.

Further Reading