Cloudflare, Inc. $NET Stock Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 20.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,575 shares of the company’s stock after acquiring an additional 2,470 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Cloudflare were worth $5,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NET. Verdence Capital Advisors LLC purchased a new position in Cloudflare during the third quarter valued at approximately $317,000. Flagship Harbor Advisors LLC raised its position in shares of Cloudflare by 2.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,238 shares of the company’s stock valued at $430,000 after purchasing an additional 33 shares during the period. Geneva Partners LLC bought a new stake in Cloudflare during the third quarter valued at about $2,763,000. Apollon Wealth Management LLC grew its position in shares of Cloudflare by 37.4% during the third quarter. Apollon Wealth Management LLC now owns 6,007 shares of the company’s stock worth $2,086,000 after purchasing an additional 1,635 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in shares of Cloudflare by 2.8% during the third quarter. Kingswood Wealth Advisors LLC now owns 4,613 shares of the company’s stock valued at $1,602,000 after buying an additional 126 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cloudflare

In related news, CFO Thomas Seifert sold 55,000 shares of Cloudflare stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the completion of the sale, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of Cloudflare stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $283.42, for a total transaction of $14,846,389.86. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 476,339 shares of company stock worth $143,439,267 over the last three months. 10.66% of the stock is currently owned by insiders.

Cloudflare Stock Down 2.7%

Shares of NET stock opened at $310.04 on Friday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35. The company has a market cap of $109.59 billion, a price-to-earnings ratio of -534.56, a price-to-earnings-growth ratio of 253.49 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. The stock’s fifty day moving average price is $320.74 and its 200 day moving average price is $247.33.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS 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 analyst estimates of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. Cloudflare’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm 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 expect that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NET shares. Truist Financial boosted their target price on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Sanford C. Bernstein increased their price objective on shares of Cloudflare from $181.00 to $245.00 and gave the stock a “market perform” rating in a research report on Thursday. Cantor Fitzgerald restated a “neutral” rating and issued a $340.00 price target on shares of Cloudflare in a report on Monday, October 5th. Raymond James Financial began coverage on Cloudflare in a research note on Tuesday, July 7th. They issued a “strong-buy” rating on the stock. Finally, Citizens Jmp reissued a “market outperform” rating and set a $394.00 target price on shares of Cloudflare in a research report on Monday, August 31st. One 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.70.

Cloudflare Profile

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.