RDA Financial Network Makes New Investment in Cloudflare, Inc. $NET

RDA Financial Network purchased a new stake in Cloudflare, Inc. (NYSE:NET) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 13,647 shares of the company’s stock, valued at approximately $2,929,000. Cloudflare makes up 0.7% of RDA Financial Network’s holdings, making the stock its 29th largest position.

A number of other institutional investors have also modified their holdings of the business. Wedmont Private Capital lifted its holdings in Cloudflare by 3.0% in the third quarter. Wedmont Private Capital now owns 5,182 shares of the company’s stock worth $1,127,000 after acquiring an additional 149 shares during the last quarter. Grant Private Wealth Management Inc acquired a new stake in shares of Cloudflare during the 3rd quarter worth approximately $903,000. Assenagon Asset Management S.A. lifted its holdings in shares of Cloudflare by 14.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,011 shares of the company’s stock worth $1,719,000 after purchasing an additional 1,020 shares during the last quarter. Union Bancaire Privee UBP SA lifted its holdings in shares of Cloudflare by 5.2% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 53,178 shares of the company’s stock worth $11,113,000 after purchasing an additional 2,614 shares during the last quarter. Finally, Oak Thistle LLC boosted its position in Cloudflare by 243.0% during the 3rd quarter. Oak Thistle LLC now owns 4,065 shares of the company’s stock valued at $872,000 after purchasing an additional 2,880 shares during the period. Institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Scotiabank raised their target price on Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $225.00 price objective on shares of Cloudflare in a report on Tuesday. Susquehanna lifted their price objective on shares of Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Wells Fargo & Company upped their target price on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, UBS Group lifted their price target on Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.78.

Cloudflare Stock Down 3.1%

NET stock opened at $191.38 on Thursday. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. The company has a market capitalization of $67.04 billion, a price-to-earnings ratio of -637.94 and a beta of 1.94. The firm’s 50-day moving average is $212.47 and its two-hundred day moving average is $204.20. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last posted its quarterly earnings data 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 business had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s revenue 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. On average, analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $215.51, for a total value 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 the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $199.26, for a total value of $6,993,826.74. Following the transaction, the insider directly owned 24,555 shares of the company’s stock, valued at $4,892,829.30. This represents a 58.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 692,330 shares of company stock worth $142,993,749. 10.89% of the stock is owned by company insiders.

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.