Cloudflare (NET)

• Market cap: $39.7B
• 1 day: -3.08%
• 5 days: -6.29%
• 1 month: -20.91%
• 3 months: 5.40%
• 6 months: 42.07%
• Year to date: 2.11%
• 1 year: 18.68%
• 5 years: 381.04%
• 10 years: 538.44%
• Sector: Information Technology
• Industry: Prepackaged Software

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

149% more first-time investments, than exits

New positions opened: 157 | Existing positions closed: 63

90% more funds holding in top 10

Funds holding in top 10: 10 [Q3] → 19 (+9) [Q4]

38% more capital invested

Capital invested by funds: $20.5B [Q3] → $28.4B (+$7.83B) [Q4]

12% more funds holding

Funds holding: 668 [Q3] → 749 (+81) [Q4]

2.56% more ownership

Funds ownership: 83.6% [Q3] → 86.16% (+2.56%) [Q4]

4% more repeat investments, than reductions

Existing positions increased: 248 | Existing positions reduced: 238

22% less call options, than puts

Call options by funds: $878M | Put options by funds: $1.13B

Research analyst outlook

22 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $68 41% downside
• Avg. target: $142 23% upside
• High target: $180 57% upside

22 analyst ratings

• positive: 12 55%
• neutral: 9 41%
• negative: 1 5%

B of A Securities Madeline Brooks 0% 1-year accuracy 0 / 4 met price target	39% upside $160	Buy Upgraded	25 Mar 2025
Citizens Capital Markets Trevor Walsh 77% 1-year accuracy 43 / 56 met price target	57% upside $180	Market Outperform Reiterated	17 Mar 2025
Goldman Sachs Gabriela Borges 52% 1-year accuracy 15 / 29 met price target	40% upside $161	Buy Maintained	14 Mar 2025
RBC Capital Matthew Hedberg 61% 1-year accuracy 127 / 207 met price target	29% upside $148	Outperform Maintained	13 Mar 2025
UBS Roger Boyd 56% 1-year accuracy 9 / 16 met price target	17% upside $135	Neutral Maintained	13 Mar 2025