Cloudflare, Inc. $NET Shares Sold by NFSG Corp

NFSG Corp trimmed its position in Cloudflare, Inc. (NYSE:NET) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,864 shares of the company’s stock after selling 2,454 shares during the quarter. NFSG Corp’s holdings in Cloudflare were worth $6,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NET. Jennison Associates LLC grew its stake in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC raised its position in Cloudflare by 4,042.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the last quarter. Swedbank AB lifted its holdings in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after buying an additional 811,297 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Cloudflare in the 2nd quarter worth approximately $75,595,000. Finally, USS Investment Management Ltd grew its position in shares of Cloudflare by 452.3% in the 1st quarter. USS Investment Management Ltd now owns 296,322 shares of the company’s stock worth $61,156,000 after buying an additional 242,668 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total value of $9,723,673.89. Following the sale, the insider directly owned 69,775 shares of the company’s stock, valued at $20,557,808.25. The trade was a 32.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 55,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 113,790 shares in the company, valued at approximately $34,171,137. This represents 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 458,839 shares of company stock worth $138,172,392. Insiders own 10.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NET. Raymond James Financial assumed coverage on Cloudflare in a research note on Tuesday, July 7th. They set a “strong-buy” rating on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $340.00 target price on shares of Cloudflare in a report on Monday, October 5th. BTIG Research raised their price target on Cloudflare from $382.00 to $413.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Piper Sandler lifted their price target on shares of Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Truist Financial raised their price objective on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus target price of $330.59.

Cloudflare Stock Down 2.9%

Shares of Cloudflare stock opened at $314.76 on Friday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $370.35. The firm has a market cap of $111.26 billion, a price-to-earnings ratio of -542.69, a PEG ratio of 257.95 and a beta of 1.65. The company has a 50-day moving average of $319.61 and a 200 day moving average of $263.78. 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 (NYSE:NET) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The business 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%. Cloudflare’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Cloudflare 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.