Susquehanna Fundamental Investments LLC Invests $4.41 Million in Cloudflare, Inc. $NET

Susquehanna Fundamental Investments LLC bought a new position in Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 17,961 shares of the company’s stock, valued at approximately $4,405,000.

Other hedge funds also recently made changes to their positions in the company. Lingotto Investment Management LLP bought a new stake in shares of Cloudflare in the 4th quarter worth about $34,626,000. Jupiter Asset Management Ltd. grew its stake in Cloudflare by 1,984.7% during the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after buying an additional 188,226 shares during the last quarter. Trek Financial LLC acquired a new stake in shares of Cloudflare during the fourth quarter worth approximately $1,793,000. Pictet Asset Management Holding SA raised its stake in shares of Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after acquiring an additional 206,506 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Cloudflare in the fourth quarter valued at approximately $5,543,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Buying and Selling

In other Cloudflare news, CFO Thomas J. Seifert sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was 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. The trade was a 32.58% decrease in their position. 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, CEO Matthew Prince sold 52,422 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 640,531 shares of company stock worth $168,474,753. 10.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NET shares. Zacks Research lowered Cloudflare from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Robert W. Baird set a $330.00 price objective on Cloudflare in a research note on Friday, August 7th. Mizuho increased their target price on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. TD Cowen raised their target price on Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Truist Financial upped their price target on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $320.19.

Cloudflare Price Performance

Cloudflare stock opened at $306.30 on Tuesday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22. 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 firm has a market capitalization of $108.27 billion, a P/E ratio of -528.10, a PEG ratio of 184.12 and a beta of 1.65. The business has a 50-day moving average of $276.18 and a 200-day moving average of $232.91.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The business had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same quarter last year, the business posted $0.21 EPS. The firm’s revenue was up 35.9% compared to the same quarter last year. 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, equities analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Cloudflare 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.