Nykredit A S Purchases New Shares in Cloudflare, Inc. $NET

Nykredit A S acquired a new stake in Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 135,818 shares of the company’s stock, valued at approximately $33,313,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after purchasing an additional 241,981 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after buying an additional 2,530,872 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Cloudflare by 1.6% in the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after buying an additional 63,198 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after buying an additional 49,485 shares during the last quarter. Finally, Norges Bank acquired a new position in Cloudflare during the 4th quarter worth about $718,316,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Price Performance

Cloudflare stock opened at $284.44 on Friday. The business’s 50-day simple moving average is $279.56 and its 200 day simple moving average is $234.82. 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 stock has a market cap of $100.54 billion, a price-to-earnings ratio of -490.41, a P/E/G ratio of 222.95 and a beta of 1.66. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $332.22.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share 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 firm had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. During the same period in the previous year, the business posted $0.21 EPS. The company’s quarterly 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. As a group, research analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on NET. BTIG Research increased their price objective on shares of Cloudflare from $314.00 to $382.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wells Fargo & Company boosted their target price on shares of Cloudflare from $300.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Susquehanna upped their target price on shares of Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. TD Cowen increased their price target on shares of Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Stifel Nicolaus set a $260.00 price target on shares of Cloudflare in a report on Friday, May 8th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.19.

Insider Activity at Cloudflare

In related news, CAO Janel Riley sold 3,481 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $305.26, for a total value of $1,062,610.06. Following the transaction, the chief accounting officer directly owned 41,547 shares in the company, valued at $12,682,637.22. This represents a 7.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were 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 approximately $19,357,678.25. The trade was a 32.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 640,531 shares of company stock worth $168,474,753 over the last 90 days. Insiders own 10.66% of the company’s stock.

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.