Cloudflare, Inc. $NET Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in shares of Cloudflare, Inc. (NYSE:NET) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174,722 shares of the company’s stock after selling 1,924 shares during the period. Handelsbanken Fonder AB’s holdings in Cloudflare were worth $42,856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NET. Lingotto Investment Management LLP purchased a new position in shares of Cloudflare during the fourth quarter valued at $34,626,000. Jupiter Asset Management Ltd. increased its position in Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after purchasing an additional 188,226 shares during the last quarter. Trek Financial LLC acquired a new position in Cloudflare in the fourth quarter worth approximately $1,793,000. Pictet Asset Management Holding SA increased its stake in shares of Cloudflare by 17.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after purchasing an additional 206,506 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in Cloudflare during the fourth quarter worth $5,543,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NET shares. Benchmark downgraded Cloudflare to an “underperform” rating in a report on Tuesday, July 7th. Oppenheimer boosted their price target on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. New Street Research restated a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Piper Sandler raised their target price on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Needham & Company LLC boosted their price target on shares of Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $320.19.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Government authorization expands Cloudflare’s addressable market. Cloudflare for Government received FedRAMP High certification and GovRAMP Moderate authorization, allowing the company to pursue business with federal, state and local agencies, defense organizations, schools and other regulated customers. The company intends to seek Department of Defense Impact Level 4 clearance, potentially opening additional contracts. Cloudflare Achieves FedRAMP High Authorization
• Positive Sentiment: AI demand and large-customer growth remain key catalysts. Recent coverage highlights Cloudflare’s 36% second-quarter revenue growth to approximately $696 million, demand for AI security and its agentic-AI and developer platform offerings. Several analysts also raised price targets, including targets of $333, $346 and $380, reflecting continued optimism about the company’s long-term growth. Cloudflare Surges 65% in 3 Months
• Neutral Sentiment: Susquehanna raised its price target but retained a neutral rating. The target increased from $200 to $300, signaling improved expectations after the second-quarter results, although it remains below recently elevated trading levels. Susquehanna price-target update
• Negative Sentiment: Cloudflare priced $2.175 billion of 0% convertible senior notes due 2031. The financing provides capital without cash interest expense, but future conversion could dilute existing shareholders and increases the company’s financial obligations. The transaction may weigh on the stock after its recent rally. Cloudflare Convertible Notes Offering
• Negative Sentiment: Valuation and widening GAAP losses remain risks. Despite strong revenue growth, Cloudflare continues to report a GAAP operating loss, while its very high valuation reflects substantial expectations for future growth. A director’s sale of 2,520 shares under a pre-arranged Rule 10b5-1 plan is a minor additional overhang, though the director retained nearly 495,000 shares. SEC insider transaction filing

Insiders Place Their Bets

In related news, CFO Thomas J. Seifert sold 55,000 shares of Cloudflare stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the transaction, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. This trade represents a 32.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 33,631 shares of Cloudflare stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $296.10, for a total transaction of $9,958,139.10. 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 752,052 shares of company stock worth $184,648,633 over the last ninety days. Company insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $307.10 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $108.55 billion, a P/E ratio of -529.48, a P/E/G ratio of 192.05 and a beta of 1.65. The business has a 50-day moving average price of $258.51 and a two-hundred day moving average price of $220.98. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $324.73.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 earnings per share for the quarter, beating 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 revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. Equities analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

About Cloudflare

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.