Comerica Bank Sells 44,386 Shares of Cloudflare, Inc. $NET

Comerica Bank cut its holdings in Cloudflare, Inc. (NYSE:NET) by 76.6% in the fourth quarter, HoldingsChannel reports. The firm owned 13,587 shares of the company’s stock after selling 44,386 shares during the period. Comerica Bank’s holdings in Cloudflare were worth $2,679,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NET. Physician Wealth Advisors Inc. boosted its holdings in Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 104 shares during the period. Wiser Advisor Group LLC bought a new stake in Cloudflare during the third quarter valued at about $26,000. Westside Investment Management Inc. boosted its holdings in Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares during the period. ORG Wealth Partners LLC boosted its holdings in Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after acquiring an additional 70 shares during the period. Finally, Wexford Capital LP bought a new stake in Cloudflare during the third quarter valued at about $30,000. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Stock Up 2.8%

NYSE NET opened at $223.66 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a 50-day simple moving average of $199.89 and a 200 day simple moving average of $200.05. Cloudflare, Inc. has a twelve month low of $120.46 and a twelve month high of $260.00. The stock has a market cap of $78.72 billion, a PE ratio of -771.21 and a beta of 1.67.

Cloudflare (NYSE:NET) last released its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The business had revenue of $614.51 million during the quarter, compared to analysts’ expectations of $591.67 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was up 33.6% on a year-over-year basis. On average, research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare launched fully automated onboarding for AI agents (partnering with Stripe) and is offering up to $100k in credits to qualifying startups — a strategic move that positions NET as infrastructure for AI-native apps and could boost new customer acquisition and revenue growth. Article Title
• Positive Sentiment: Jim Cramer named Cloudflare a “terrific cyber defender” on Mad Money ahead of earnings, bringing retail attention and short-term buying interest. Media endorsements can amplify momentum into the company’s upcoming results. Article Title
• Positive Sentiment: Brokerages still lean constructive: the consensus/average price target sits around ~$231.85 (implying roughly mid-teens upside vs. recent levels), and aggregated recommendations remain around “moderate buy,” supporting continued analyst-driven interest. Article Title
• Neutral Sentiment: Coverage notes that fair-value estimates have only shifted marginally (to ~$231.85), signaling mixed analyst views — some raising targets, others trimming as they reassess how much growth is already priced in. This keeps headline upside in place but limits conviction for large upgrades. Article Title
• Negative Sentiment: Seeking Alpha downgraded NET to Hold, arguing valuation has largely caught up with the story despite operational strengths — a view that can pressure sentiment among value-oriented investors. Article Title
• Neutral Sentiment: Director Carl Ledbetter sold 5,009 shares under a pre-arranged Rule 10b5-1 plan (typical institutional/insider liquidity), a small percentage of his holdings and less likely to signal negative new information. SEC Filing
• Negative Sentiment: Director Mark Hawkins sold 133 shares (~1.29% decrease in his position), a small insider sale that could be viewed negatively by some traders but is immaterial in size. SEC Filing

Insiders Place Their Bets

In related news, CFO Thomas J. Seifert sold 10,000 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $197.98, for a total value of $1,979,800.00. Following the completion of the sale, the chief financial officer owned 221,681 shares in the company, valued at approximately $43,888,404.38. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 659 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $223.62, for a total transaction of $147,365.58. Following the completion of the sale, the chief executive officer owned 406,315 shares of the company’s stock, valued at approximately $90,860,160.30. The trade was a 0.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 621,246 shares of company stock valued at $121,627,039 in the last quarter. 10.89% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Scotiabank decreased their price target on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a report on Wednesday, February 11th. Robert W. Baird set a $260.00 price target on shares of Cloudflare and gave the company an “outperform” rating in a report on Wednesday, February 11th. UBS Group restated a “neutral” rating and set a $220.00 price target on shares of Cloudflare in a report on Wednesday, February 11th. Guggenheim upped their price target on shares of Cloudflare from $117.00 to $140.00 and gave the company a “sell” rating in a report on Wednesday, February 11th. Finally, DZ Bank upgraded shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $232.62.

Cloudflare Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.