Union Bancaire Privee UBP SA Acquires 2,614 Shares of Cloudflare, Inc. $NET

by · The Cerbat Gem

Union Bancaire Privee UBP SA increased its holdings in shares of Cloudflare, Inc. (NYSE:NET – Free Report) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,178 shares of the company’s stock after buying an additional 2,614 shares during the period. Union Bancaire Privee UBP SA’s holdings in Cloudflare were worth $11,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cloudflare during the second quarter worth $29,000. Quaker Wealth Management LLC increased its holdings in Cloudflare by 218.6% in the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after purchasing an additional 306 shares during the period. Hilltop National Bank bought a new position in Cloudflare during the 2nd quarter worth $36,000. Ameritas Advisory Services LLC bought a new position in Cloudflare during the 2nd quarter worth $39,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Cloudflare during the 2nd quarter worth about $45,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NET has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Cantor Fitzgerald upped their target price on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. Guggenheim restated a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. Finally, JMP Securities set a $270.00 price objective on shares of Cloudflare in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.41.

View Our Latest Analysis on Cloudflare

Insider Activity

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $215.51, for a total transaction of $11,289,275.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michelle Zatlyn sold 35,099 shares of Cloudflare stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the transaction, the insider owned 24,555 shares of the company’s stock, valued at $4,892,829.30. This represents a 58.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 692,330 shares of company stock worth $142,993,749. Company insiders own 10.89% of the company’s stock.

Cloudflare Trading Up 0.4%

Shares of NET stock opened at $197.56 on Wednesday. The company has a market cap of $69.20 billion, a P/E ratio of -658.54 and a beta of 1.94. The stock has a 50 day simple moving average of $213.05 and a two-hundred day simple moving average of $204.29. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two week high of $260.00.

Cloudflare (NYSE:NET – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.54% and a negative net margin of 5.12%.The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the prior year, the business 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 forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Cloudflare Profile

(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.

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