Brighton Jones LLC Sells 9,406 Shares of Cloudflare, Inc. $NET

Brighton Jones LLC trimmed its stake in shares of Cloudflare, Inc. (NYSE:NET) by 47.3% during the third quarter, HoldingsChannel.com reports. The firm owned 10,473 shares of the company’s stock after selling 9,406 shares during the quarter. Brighton Jones LLC’s holdings in Cloudflare were worth $3,637,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Andra AP fonden increased its position in shares of Cloudflare by 44.5% during the second quarter. Andra AP fonden now owns 48,356 shares of the company’s stock valued at $11,861,000 after buying an additional 14,900 shares during the period. Plato Investment Management Ltd bought a new position in shares of Cloudflare in the second quarter valued at approximately $1,499,000. Insight Holdings Group LLC bought a new position in shares of Cloudflare in the first quarter valued at approximately $6,768,000. Independent Financial Group LLC bought a new position in shares of Cloudflare in the first quarter valued at approximately $3,484,000. Finally, Capula Management Ltd grew its stake in Cloudflare by 97.1% during the first quarter. Capula Management Ltd now owns 13,526 shares of the company’s stock valued at $2,791,000 after acquiring an additional 6,662 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NET. Wolfe Research raised shares of Cloudflare from a “hold” rating to an “outperform” rating in a report on Friday. Craig Hallum raised shares of Cloudflare to a “buy” rating in a report on Tuesday, November 3rd. 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. TD Cowen lowered shares of Cloudflare from a “buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Finally, Guggenheim boosted their price target on shares of Cloudflare from $160.00 to $190.00 and gave the company a “buy” rating in a research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $332.82.

Cloudflare Stock Performance

Shares of NET opened at $269.20 on Monday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $370.35. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 3.03. The company 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 1.38. The stock has a 50-day moving average price of $318.23 and a 200-day moving average price of $249.77.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $782.51 million for the quarter, compared to analysts’ expectations of $737.16 million. Cloudflare had a negative net margin of 8.75% and a negative return on equity of 6.05%. Cloudflare’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. As a group, equities analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cloudflare news, CFO Thomas Seifert sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $299.59, for a total value of $3,744,875.00. Following the completion of the transaction, the chief financial officer owned 104,958 shares of the company’s stock, valued at $31,444,367.22. The trade was a 10.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the completion of the transaction, the insider directly owned 69,775 shares in the company, valued at $19,357,678.25. The trade was a 32.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 256,537 shares of company stock valued at $78,750,901 in the last quarter. Corporate insiders own 10.66% of the company’s stock.

Key Stories Impacting Cloudflare

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.