Cloudflare, Inc. $NET Stock Holdings Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in shares of Cloudflare, Inc. (NYSE:NET) by 19.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,659 shares of the company’s stock after buying an additional 25,958 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cloudflare were worth $31,070,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Quaker Wealth Management LLC raised its position in shares of Cloudflare by 218.6% during the 2nd quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after acquiring an additional 306 shares in the last quarter. Hilltop National Bank acquired a new position in Cloudflare in the second quarter worth $36,000. Ameritas Advisory Services LLC bought a new stake in Cloudflare during the second quarter valued at $39,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Cloudflare during the second quarter worth $45,000. Finally, Whipplewood Advisors LLC lifted its position in shares of Cloudflare by 277.6% in the 2nd quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock worth $50,000 after buying an additional 186 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Insider Activity

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total value of $8,069,149.90. Following the completion of the sale, the chief financial officer directly owned 137,486 shares in the company, valued at $26,697,031.48. This represents a 23.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $218.20, for a total value of $5,594,866.20. Following the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at approximately $3,180,265. The trade was a 63.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 599,869 shares of company stock worth $126,762,385 over the last three months. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Trading Down 2.5%

NYSE:NET opened at $186.56 on Friday. Cloudflare, Inc. has a 1 year low of $89.42 and a 1 year high of $260.00. The business has a fifty day moving average of $219.41 and a 200-day moving average of $197.50. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market cap of $65.35 billion, a price-to-earnings ratio of -621.87 and a beta of 2.10.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Equities analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NET has been the subject of a number of recent research reports. Oppenheimer began coverage on shares of Cloudflare in a research report on Monday, November 10th. They set an “outperform” rating and a $260.00 price objective for the company. Citizens Jmp lifted their target price on Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Cantor Fitzgerald upped their target price on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Wall Street Zen raised Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Wells Fargo & Company boosted their price objective on Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.35.

Cloudflare Profile

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.