Cloudflare, Inc. $NET Stock: RDA Financial Network Cuts Stake

RDA Financial Network reduced its stake in shares of Cloudflare, Inc. (NYSE:NET) by 43.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,224 shares of the company’s stock after selling 7,126 shares during the quarter. RDA Financial Network’s holdings in Cloudflare were worth $3,203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jennison Associates LLC boosted its stake in shares of Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. Amundi boosted its position in Cloudflare by 2.0% in the first quarter. Amundi now owns 1,707,256 shares of the company’s stock valued at $352,275,000 after buying an additional 32,804 shares in the last quarter. Corient Private Wealth LLC grew its stake in Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after buying an additional 1,365,598 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Cloudflare by 17.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after acquiring an additional 206,506 shares in the last quarter. Finally, National Pension Service boosted its holdings in shares of Cloudflare by 1.6% in the 2nd quarter. National Pension Service now owns 959,987 shares of the company’s stock worth $235,466,000 after acquiring an additional 15,546 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NET has been the topic of a number of research analyst reports. Robert W. Baird set a $330.00 price target on Cloudflare in a research report on Friday, August 7th. BTIG Research lifted their price objective on Cloudflare from $382.00 to $413.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Morgan Stanley reissued an “overweight” rating and issued a $370.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. Finally, Oppenheimer lifted their price target on shares of Cloudflare from $380.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $330.59.

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,383 shares of Cloudflare stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $283.42, for a total transaction of $14,846,389.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total value of $16,516,500.00. Following the completion of the transaction, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. This represents a 32.58% 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. Over the last ninety days, insiders sold 458,839 shares of company stock valued at $138,172,392. Company insiders own 10.66% of the company’s stock.

Cloudflare Trading Down 4.2%

NET traded down $13.48 during mid-day trading on Thursday, hitting $310.85. The stock had a trading volume of 2,046,351 shares, compared to its average volume of 4,051,601. The stock’s fifty day simple moving average is $318.98 and its 200-day simple moving average is $262.99. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market capitalization of $109.88 billion, a price-to-earnings ratio of -534.40, a price-to-earnings-growth ratio of 276.54 and a beta of 1.65. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35.

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

Cloudflare Profile

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.