PensionDanmark Pensionsforsikringsaktieselskab Sells 10,066 Shares of Cloudflare, Inc. $NET

PensionDanmark Pensionsforsikringsaktieselskab lessened its holdings in Cloudflare, Inc. (NYSE:NET) by 19.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,428 shares of the company’s stock after selling 10,066 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Cloudflare were worth $10,161,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NET. HM Payson & Co. bought a new stake in Cloudflare in the 4th quarter worth about $25,000. Wiser Advisor Group LLC bought a new stake in Cloudflare during the third quarter valued at about $26,000. Wexford Capital LP bought a new stake in Cloudflare during the 3rd quarter worth approximately $30,000. CX Institutional boosted its holdings in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after acquiring an additional 56 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
• Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
• Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
• Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
• Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
• Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.

Insider Activity

In related news, CEO Matthew Prince sold 33,631 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $296.10, for a total value of $9,958,139.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 113,790 shares of the company’s stock, valued at approximately $34,171,137. This trade represents a 32.58% 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 a total of 749,532 shares of company stock worth $183,882,628 in the last 90 days. 10.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NET shares. Susquehanna increased their target price on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $389.00 price objective on shares of Cloudflare in a research report on Friday. TD Cowen increased their target price on shares of Cloudflare from $300.00 to $355.00 and gave the stock a “buy” rating in a report on Friday. Barclays increased their price target on shares of Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday. Finally, BTIG Research boosted their target price on Cloudflare from $314.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $311.48.

Cloudflare Stock Up 5.8%

NET stock opened at $301.00 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a 50-day simple moving average of $257.02 and a 200-day simple moving average of $218.84. The stock has a market capitalization of $106.39 billion, a P/E ratio of -518.96, a P/E/G ratio of 224.57 and a beta of 1.65. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $324.73.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.99%. The company had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same quarter in the prior year, the firm earned $0.21 EPS. Cloudflare’s quarterly revenue was up 35.9% on a year-over-year basis. Equities analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.