Cloudflare, Inc. $NET Stock Holdings Lifted by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC grew its stake in Cloudflare, Inc. (NYSE:NET) by 51.7% during the second quarter, HoldingsChannel reports. The firm owned 292,861 shares of the company’s stock after purchasing an additional 99,830 shares during the quarter. Cloudflare comprises approximately 18.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Whetstone Capital Advisors LLC’s holdings in Cloudflare were worth $71,833,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NET. HM Payson & Co. purchased a new position in Cloudflare during the 4th quarter worth $25,000. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare in the third quarter valued at about $26,000. Cornerstone Financial Management LLC increased its stake in shares of Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after acquiring an additional 47 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in Cloudflare during the second quarter worth about $30,000. Finally, Wexford Capital LP acquired a new stake in Cloudflare in the third quarter valued at about $30,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Trading Up 10.6%

Shares of Cloudflare stock opened at $314.40 on Thursday. The company has a 50-day moving average of $283.25 and a two-hundred day moving average of $237.52. The stock has a market cap of $111.13 billion, a PE ratio of -542.07, a price-to-earnings-growth ratio of 232.40 and a beta of 1.66. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $332.22.

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

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare introduced an AI security service that integrates OpenAI’s cybersecurity models with Cloudflare’s global infrastructure. Investors viewed the agreement as a high-profile validation of Cloudflare’s agentic-AI and cybersecurity strategy, supporting expectations for stronger enterprise demand. Cloudflare Shares Skyrocket, What You Need To Know
• Positive Sentiment: Meta’s unveiling of its Muse personalized AI agent added to investor enthusiasm around AI agents. Cloudflare is positioned to benefit as companies require security, connectivity and performance infrastructure for increasingly autonomous AI applications. Why Cloudflare Rallied Today
• Positive Sentiment: The OpenAI announcement reinforced recent growth themes in Cloudflare’s AI security, SASE and Workers businesses. The company’s latest reported quarter also showed 35.9% year-over-year revenue growth, with earnings and revenue exceeding analyst expectations.
• Neutral Sentiment: Cloudflare’s valuation remains demanding after the rally. Analysts generally maintain a positive outlook, with a consensus “Moderate Buy” rating and price target near $320, but the stock’s premium valuation leaves it sensitive to execution and growth expectations.
• Negative Sentiment: Insider Michelle Zatlyn sold 33,003 shares worth approximately $9.2 million, reducing her direct holdings by about 32%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which limits its significance as a discretionary signal, but it may still concern some investors. Insider Selling: Cloudflare Insider Sells 33,003 Shares

Insider Buying and Selling

In other news, insider Alissa Michelle Starzak sold 2,538 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total value of $773,277.84. Following the completion of the transaction, the insider owned 112,082 shares in the company, valued at $34,149,143.76. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 Cloudflare stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $277.43, for a total value of $9,156,022.29. Following the transaction, the insider directly owned 69,775 shares of the company’s stock, valued at $19,357,678.25. This trade represents a 32.11% decrease in their position. 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 have sold 706,244 shares of company stock valued at $186,761,866 in the last three months. 10.66% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on NET. Oppenheimer lifted their price objective on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 7th. New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Scotiabank raised their price target on Cloudflare from $300.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Robert W. Baird set a $330.00 price target on Cloudflare in a research note on Friday, August 7th. Finally, Piper Sandler increased their price objective on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.19.

Cloudflare Company Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.