DNB Asset Management AS Cuts Stock Position in Cloudflare, Inc. $NET

DNB Asset Management AS cut its holdings in Cloudflare, Inc. (NYSE:NET) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,301 shares of the company’s stock after selling 9,341 shares during the quarter. DNB Asset Management AS’s holdings in Cloudflare were worth $16,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Empowered Funds LLC lifted its position in Cloudflare by 34.2% in the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after buying an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Cloudflare in the second quarter worth $424,000. Cerity Partners LLC lifted its position in Cloudflare by 30.1% in the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after buying an additional 6,363 shares during the last quarter. Sei Investments Co. lifted its position in Cloudflare by 40.1% in the second quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after buying an additional 94,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Cloudflare by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after buying an additional 2,093 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $173.78, for a total value of $9,103,291.52. Following the transaction, the chief executive officer owned 22,911 shares in the company, valued at $3,981,473.58. The trade was a 69.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $187.39, for a total value of $6,573,641.20. Following the completion of the transaction, the insider owned 34,514 shares in the company, valued at $6,467,578.46. This trade represents a 50.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 636,246 shares of company stock worth $125,320,379 over the last quarter. Insiders own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NET. Barclays lifted their target price on Cloudflare from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Piper Sandler reiterated an “overweight” rating and set a $250.00 target price (up from $222.00) on shares of Cloudflare in a research report on Friday, May 8th. DZ Bank upgraded Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Friday, February 13th. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, KeyCorp downgraded Cloudflare from an “overweight” rating to a “hold” rating in a research report on Wednesday, April 15th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $236.68.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $197.14 on Friday. The firm has a market cap of $69.68 billion, a P/E ratio of -788.54 and a beta of 1.67. The company has a current ratio of 1.96, a quick ratio of 1.98 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 12 month low of $152.41 and a 12 month high of $260.00. The stock’s fifty day moving average price is $206.94 and its 200-day moving average price is $200.09.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, equities research analysts expect that Cloudflare, Inc. will post -0.09 earnings per share for the current fiscal year.

Cloudflare Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.