National Pension Service Raises Stake in Cloudflare, Inc. $NET

National Pension Service boosted its stake in Cloudflare, Inc. (NYSE:NET) by 1.6% in the 2nd quarter, Holdings Channel reports. The firm owned 959,987 shares of the company’s stock after acquiring an additional 15,546 shares during the quarter. National Pension Service’s holdings in Cloudflare were worth $235,466,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NET. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Cloudflare in the second quarter worth about $355,000. NorthRock Partners LLC purchased a new position in Cloudflare during the second quarter valued at approximately $240,000. Integrated Wealth Concepts LLC grew its stake in Cloudflare by 70.0% during the second quarter. Integrated Wealth Concepts LLC now owns 8,747 shares of the company’s stock valued at $2,145,000 after acquiring an additional 3,601 shares in the last quarter. RFG Advisory LLC increased its holdings in Cloudflare by 1.7% during the 2nd quarter. RFG Advisory LLC now owns 19,555 shares of the company’s stock worth $4,796,000 after acquiring an additional 326 shares during the period. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in Cloudflare during the 2nd quarter worth approximately $8,937,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NET shares. DZ Bank cut shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. Susquehanna boosted their price target on shares of Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Wall Street Zen cut shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Zacks Research downgraded Cloudflare from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $320.19.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare’s large-customer momentum remains a key growth driver. Rising customer spending, strong retention and increased adoption of multiple products are supporting revenue expansion and could improve the company’s ability to monetize its platform. Can Large-Customer Gains Remain a Key Driver of NET’s Revenue Growth?
• Positive Sentiment: Investor enthusiasm was fueled by Cloudflare’s reported AI-security collaboration with OpenAI, which is viewed as marquee validation of the company’s positioning in agentic AI and cybersecurity. The service reportedly integrates OpenAI’s cyber models with Cloudflare’s infrastructure. Cloudflare Surges on OpenAI Security Partnership
• Positive Sentiment: At the Goldman Sachs Communacopia conference, management offered an upbeat outlook, saying Cloudflare’s potential opportunity could be “much larger” than its current business. Continued demand tied to AI agents and digital security is reinforcing the bullish narrative. Cloudflare Soars on Upbeat Outlook
• Neutral Sentiment: The recent rally has left Cloudflare trading near its 52-week high, with a market capitalization above $110 billion and a very elevated valuation. Analysts remain broadly positive, including price targets above the current level, but the stock is increasingly sensitive to any slowdown in growth or weaker AI-related execution. Cloudflare Stock Analysis
• Negative Sentiment: Insider Michelle Zatlyn sold 33,003 shares worth approximately $9.2 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal deteriorating fundamentals, the reduction in her direct holdings adds a modest sentiment headwind after the stock’s rapid advance. Cloudflare Insider Selling

Cloudflare Trading Down 0.9%

Shares of Cloudflare stock opened at $311.44 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22. The firm has a market cap of $110.09 billion, a PE ratio of -536.97, a PEG ratio of 256.82 and a beta of 1.66. The company has a 50 day simple moving average of $284.64 and a two-hundred day simple moving average of $238.46.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cloudflare news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the completion of the sale, the insider owned 69,775 shares of the company’s stock, valued at $20,557,808.25. The trade was a 32.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the completion of the transaction, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 706,244 shares of company stock worth $186,761,866. Corporate insiders own 10.66% of the company’s stock.

About Cloudflare

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.