Cloudflare, Inc. $NET Shares Newly Bought by BDF Gestion

BDF Gestion purchased a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,863 shares of the company’s stock, valued at approximately $3,078,000.

Other hedge funds have also added to or reduced their stakes in the company. Generali Investments Management Co LLC raised its position in Cloudflare by 19.1% in the 3rd quarter. Generali Investments Management Co LLC now owns 15,955 shares of the company’s stock valued at $5,541,000 after buying an additional 2,559 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in Cloudflare by 0.6% during the 3rd quarter. SteelPeak Wealth LLC now owns 10,098 shares of the company’s stock worth $3,507,000 after acquiring an additional 63 shares during the last quarter. IFP Advisors Inc boosted its holdings in Cloudflare by 3.4% during the 3rd quarter. IFP Advisors Inc now owns 6,708 shares of the company’s stock worth $2,330,000 after acquiring an additional 223 shares during the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Cloudflare by 3.0% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 3,453 shares of the company’s stock worth $1,199,000 after acquiring an additional 99 shares in the last quarter. Finally, Absolute Capital Management LLC bought a new stake in shares of Cloudflare in the 3rd quarter worth $1,147,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NET. UBS Group raised their price target on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Benchmark cut shares of Cloudflare to an “underperform” rating in a report on Tuesday, July 7th. Sanford C. Bernstein upped their price objective on shares of Cloudflare from $164.00 to $181.00 and gave the stock a “market perform” rating in a research report on Thursday, September 17th. Needham & Company LLC increased their price objective on shares of Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Barclays upped their price objective on Cloudflare from $355.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.59.

Insider Transactions at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 33,003 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $348.29, for a total transaction of $11,494,614.87. Following the sale, the insider directly owned 69,775 shares of the company’s stock, valued at $24,301,934.75. This represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 10,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $332.46, for a total transaction of $3,324,600.00. Following the transaction, the chief financial officer owned 107,902 shares of the company’s stock, valued at $35,873,098.92. This represents a 8.48% 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. Over the last 90 days, insiders have sold 458,839 shares of company stock valued at $138,172,392. 10.66% of the stock is currently owned by insiders.

Cloudflare Stock Performance

NYSE:NET traded up $3.24 during trading hours on Monday, reaching $299.54. The stock had a trading volume of 1,381,919 shares, compared to its average volume of 4,051,497. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a 50 day simple moving average of $319.50 and a 200 day simple moving average of $264.48. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $370.35. The stock has a market cap of $105.88 billion, a P/E ratio of -516.33, a price-to-earnings-growth ratio of 235.66 and a beta of 1.65.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million for 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 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. On average, research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

About Cloudflare

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

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