Cloudflare, Inc. $NET Stock Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,893 shares of the company’s stock after selling 1,925 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Cloudflare were worth $13,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NET. GK Wealth Management LLC purchased a new stake in Cloudflare in the 3rd quarter worth about $25,000. Toth Financial Advisory Corp acquired a new stake in Cloudflare during the 3rd quarter worth about $36,000. Cornerstone Financial Management LLC grew its stake in Cloudflare by 65.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Cloudflare during the 2nd quarter valued at about $30,000. Finally, CX Institutional grew its stake in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 44 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Stock Performance

Shares of NET stock opened at $269.20 on Friday. 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 fifty-two week low of $158.83 and a fifty-two week high of $370.35. The stock’s 50-day moving average is $318.23 and its two-hundred day moving average is $249.77. The firm has a market cap of $95.15 billion, a P/E ratio of -395.88, a PEG ratio of 208.12 and a beta of 1.37.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $782.51 million during the quarter, compared to the consensus estimate of $737.16 million. Cloudflare had a negative return on equity of 5.98% and a negative net margin of 8.75%. The business’s quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. Analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NET. Guggenheim increased their price target on shares of Cloudflare from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank Of Canada decreased their price target on shares of Cloudflare from $405.00 to $350.00 and set an “outperform” rating for the company in a report on Friday. Citizens Jmp reaffirmed a “market outperform” rating and set a $394.00 price objective on shares of Cloudflare in a research report on Monday, August 31st. Fox Advisors lowered shares of Cloudflare to a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley began coverage on shares of Cloudflare in a research report on Tuesday. They issued an “overweight” rating for the company. Twenty-six analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $332.82.

Insider Activity at Cloudflare

In other Cloudflare news, Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $312.22, for a total value of $1,561,100.00. Following the completion of the sale, the director directly owned 878,073 shares in the company, valued at $274,151,952.06. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the completion of the sale, the chief financial officer directly owned 104,958 shares of the company’s stock, valued at $31,444,367.22. This represents a 10.64% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 259,057 shares of company stock valued at $79,516,905. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Third-quarter revenue rose 39.2% year over year to $782.5 million, beating estimates, while adjusted EPS of $0.38 also topped forecasts. The company cited strong enterprise demand and growing adoption of its developer platform. Cloudflare Q3 Earnings Beat Estimates on Robust Enterprise Demand
• Positive Sentiment: Cloudflare raised its 2026 outlook: full-year revenue guidance is about $3.0 billion and EPS guidance is $1.35, above consensus estimates. Fourth-quarter revenue guidance of $845 million–$846 million and EPS guidance of $0.43 also exceeded expectations. Why Cloudflare Stock Opened Higher Today
• Positive Sentiment: Further signs of AI-related momentum include Cloudflare’s first revenue from AI bot traffic and a developer base that doubled to 10 million. Analysts at Wolfe Research upgraded the shares to Outperform. Why Cloudflare Stock Opened Higher Today
• Neutral Sentiment: Analyst actions were mixed: Piper Sandler reaffirmed Overweight and raised its target, while Scotiabank, Needham and Cantor Fitzgerald lowered targets; the latter firms retained positive or neutral ratings. Scotiabank rating update
• Negative Sentiment: Some profitability measures lagged growth: gross margin faced pressure, free cash flow grew more slowly than revenue, and the GAAP operating loss widened. Cloudflare’s high valuation may make the stock sensitive to any slowdown or disappointment. Cloudflare Sales Up 39%, Gross Margin Falls

Cloudflare Profile

Cloudflare, Inc provides cloud-based services that help businesses and other organizations protect, connect and improve the performance of websites, applications and networks. Its global network delivers services including content delivery, domain name system management, and protection against distributed denial-of-service attacks and other cyber threats.

The company also offers web application security, bot management and Zero Trust services for securing access to applications and internal networks.