1,684 Shares of Cloudflare, Inc. $NET Acquired by Formuepleje A S

Formuepleje A S acquired a new position in shares of Cloudflare, Inc. (NYSE:NET) during the third quarter, HoldingsChannel.com reports. The fund acquired 1,684 shares of the company’s stock, valued at approximately $585,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC lifted its position in Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after acquiring an additional 2,530,872 shares in the last quarter. Amundi boosted its position in Cloudflare by 2.0% in the 1st quarter. Amundi now owns 1,707,256 shares of the company’s stock valued at $352,275,000 after buying an additional 32,804 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after acquiring an additional 1,365,598 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in Cloudflare by 17.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after purchasing an additional 206,506 shares in the last quarter. Finally, National Pension Service raised its position in shares of Cloudflare by 1.6% in the 2nd quarter. National Pension Service now owns 959,987 shares of the company’s stock valued at $235,466,000 after purchasing an additional 15,546 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NET. Truist Financial upped their price target on shares of Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 7th. Citizens Jmp reiterated a “market outperform” rating and issued a $394.00 price target on shares of Cloudflare in a report on Monday, August 31st. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Raymond James Financial began coverage on shares of Cloudflare in a report on Tuesday, July 7th. They set a “strong-buy” rating on the stock. Finally, UBS Group raised their price target on shares of Cloudflare from $250.00 to $350.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One investment 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 stock. According to MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average target price of $330.59.

Cloudflare Stock Performance

Shares of NYSE NET traded down $16.65 during midday trading on Thursday, hitting $307.68. 1,987,080 shares of the company’s stock were exchanged, compared to its average volume of 4,050,547. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $370.35. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market cap of $108.76 billion, a P/E ratio of -530.49, a PEG ratio of 276.54 and a beta of 1.65. The stock’s 50 day moving average price is $318.98 and its 200-day moving average price is $262.99.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The company’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 business posted $0.21 earnings per share. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Equities research analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Transactions at Cloudflare

In other news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $348.29, for a total transaction of $11,494,614.87. Following the transaction, the insider directly owned 69,775 shares in the company, valued at approximately $24,301,934.75. This trade represents a 32.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 2,538 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $304.68, for a total value of $773,277.84. Following the completion of the sale, the insider owned 112,082 shares of the company’s stock, valued at approximately $34,149,143.76. This trade represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 458,839 shares of company stock worth $138,172,392 in the last three months. 10.66% of the stock is currently owned by company insiders.

Cloudflare Company Profile

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.