Cloudflare, Inc. $NET Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its stake in Cloudflare, Inc. (NYSE:NET) by 4.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,893 shares of the company’s stock after selling 1,925 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Cloudflare were worth $13,854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NET. Jennison Associates LLC boosted its position in Cloudflare by 135.8% during 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 period. Alyeska Investment Group L.P. acquired a new position in Cloudflare during the second quarter valued at approximately $75,595,000. Janus Henderson Group PLC raised its position in shares of Cloudflare by 583.1% in the first quarter. Janus Henderson Group PLC now owns 241,367 shares of the company’s stock valued at $49,805,000 after purchasing an additional 206,032 shares during the period. Styrax Capital LP bought a new position in shares of Cloudflare in the first quarter valued at approximately $41,268,000. Finally, Corient Private Wealth LP raised its position in shares of Cloudflare by 837.5% in the second quarter. Corient Private Wealth LP now owns 208,103 shares of the company’s stock valued at $51,044,000 after purchasing an additional 185,906 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cloudflare

In other news, Director Carl Ledbetter sold 5,000 shares of the business’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $304.40, for a total transaction of $1,522,000.00. Following the transaction, the director owned 868,073 shares in the company, valued at approximately $264,241,421.20. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 12,500 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the transaction, the chief financial officer directly owned 104,958 shares of the company’s stock, valued at $31,444,367.22. This represents a 10.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 259,057 shares of company stock valued at $79,516,905 in the last ninety days. Company insiders own 10.66% of the company’s stock.

Cloudflare Stock Up 10.1%

Shares of NET stock opened at $269.20 on Friday. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $370.35. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm has a market cap of $95.15 billion, a PE ratio of -395.88, a price-to-earnings-growth ratio of 208.12 and a beta of 1.37. The stock has a 50 day moving average of $318.23 and a 200-day moving average of $249.77.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Cloudflare had a negative net margin of 8.75% and a negative return on equity of 5.98%. The business had revenue of $782.51 million for the quarter, compared to the consensus estimate of $737.16 million. During the same quarter last year, the company posted $0.27 earnings per share. Cloudflare’s quarterly revenue was up 39.2% on a year-over-year basis. On average, equities analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NET. KeyCorp upped their price objective on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Truist Financial raised their target price on shares of Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Cantor Fitzgerald dropped their target price on shares of Cloudflare from $340.00 to $310.00 and set a “neutral” rating on the stock in a report on Friday. UBS Group initiated coverage on shares of Cloudflare in a research report on Tuesday. They set a “buy” rating for the company. Finally, The Goldman Sachs Group set a $420.00 price target on shares of Cloudflare and gave the company a “buy” rating in a report on Friday. Twenty-six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and an average target price of $332.82.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Third-quarter revenue rose 39.2% year over year to $782.5 million, beating estimates, while adjusted EPS of $0.38 also topped forecasts. The company cited strong enterprise demand and growing adoption of its developer platform. Cloudflare Q3 Earnings Beat Estimates on Robust Enterprise Demand
• Positive Sentiment: Cloudflare raised its 2026 outlook: full-year revenue guidance is about $3.0 billion and EPS guidance is $1.35, above consensus estimates. Fourth-quarter revenue guidance of $845 million–$846 million and EPS guidance of $0.43 also exceeded expectations. Why Cloudflare Stock Opened Higher Today
• Positive Sentiment: Further signs of AI-related momentum include Cloudflare’s first revenue from AI bot traffic and a developer base that doubled to 10 million. Analysts at Wolfe Research upgraded the shares to Outperform. Why Cloudflare Stock Opened Higher Today
• Neutral Sentiment: Analyst actions were mixed: Piper Sandler reaffirmed Overweight and raised its target, while Scotiabank, Needham and Cantor Fitzgerald lowered targets; the latter firms retained positive or neutral ratings. Scotiabank rating update
• Negative Sentiment: Some profitability measures lagged growth: gross margin faced pressure, free cash flow grew more slowly than revenue, and the GAAP operating loss widened. Cloudflare’s high valuation may make the stock sensitive to any slowdown or disappointment. Cloudflare Sales Up 39%, Gross Margin Falls

Cloudflare Profile

Cloudflare, Inc provides cloud-based services that help businesses and other organizations protect, connect and improve the performance of websites, applications and networks. Its global network delivers services including content delivery, domain name system management, and protection against distributed denial-of-service attacks and other cyber threats.

The company also offers web application security, bot management and Zero Trust services for securing access to applications and internal networks.