BDF Gestion Makes New Investment in Cloudflare, Inc. $NET

BDF Gestion acquired a new position in shares of Cloudflare, Inc. (NYSE:NET) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,863 shares of the company’s stock, valued at approximately $3,078,000.

Several other large investors have also bought and sold shares of NET. Jennison Associates LLC lifted 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 worth $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. Swedbank AB lifted its stake in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after purchasing an additional 811,297 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Cloudflare in the 2nd quarter valued at approximately $75,595,000. USS Investment Management Ltd grew its stake in shares of Cloudflare by 452.3% during the first quarter. USS Investment Management Ltd now owns 296,322 shares of the company’s stock worth $61,156,000 after buying an additional 242,668 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Cloudflare by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Trading Up 1.1%

NYSE NET traded up $3.24 during mid-day trading on Monday, reaching $299.54. 1,381,919 shares of the stock were exchanged, compared to its average volume of 4,051,497. The stock has a market cap of $105.88 billion, a P/E ratio of -516.33, a P/E/G ratio of 235.66 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $370.35. The stock has a 50 day simple moving average of $319.50 and a 200-day simple moving average of $264.48.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue was up 35.9% compared to the same quarter last year. 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, analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Activity at Cloudflare

In related news, CFO Thomas Seifert sold 10,000 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $332.46, for a total transaction of $3,324,600.00. Following the transaction, the chief financial officer owned 107,902 shares in the company, valued at $35,873,098.92. The trade was a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $353.15, for a total transaction of $1,765,750.00. Following the transaction, the director directly owned 873,073 shares in the company, valued at approximately $308,325,729.95. This represents a 0.57% decrease in their ownership of the stock. 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 90 days, insiders have sold 458,839 shares of company stock worth $138,172,392. 10.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on NET. Barclays increased their target price on Cloudflare from $355.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Wall Street Zen upgraded Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft raised Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Benchmark lowered shares of Cloudflare to an “underperform” rating in a report on Tuesday, July 7th. Finally, Truist Financial lifted their target price 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $330.59.

About Cloudflare

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

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