Formuepleje A S Acquires 1,684 Shares of Cloudflare, Inc. $NET

Formuepleje A S bought a new position in Cloudflare, Inc. (NYSE:NET) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,684 shares of the company’s stock, valued at approximately $585,000.

A number of other hedge funds have also recently added to or reduced their stakes in NET. Mainsail Asset Management LLC purchased a new position in shares of Cloudflare during the 3rd quarter worth approximately $229,000. Covenant Asset Management LLC purchased a new stake in Cloudflare during the third quarter worth about $5,709,000. First Pacific Financial increased its holdings in Cloudflare by 2,580.0% in the third quarter. First Pacific Financial now owns 134 shares of the company’s stock valued at $47,000 after buying an additional 129 shares in the last quarter. Fortitude Family Office LLC boosted its stake in shares of Cloudflare by 24.3% during the 3rd quarter. Fortitude Family Office LLC now owns 281 shares of the company’s stock worth $98,000 after acquiring an additional 55 shares in the last quarter. Finally, Sanders Morris Harris LLC acquired a new stake in shares of Cloudflare in the 3rd quarter worth approximately $534,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Down 5.1%

Shares of Cloudflare stock traded down $16.65 during mid-day trading on Thursday, hitting $307.68. 1,987,080 shares of the stock were exchanged, compared to its average volume of 4,050,547. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $108.76 billion, a price-to-earnings ratio of -530.49, a price-to-earnings-growth ratio of 276.54 and a beta of 1.65. The company has a 50-day simple moving average of $318.98 and a 200 day simple moving average of $262.99. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $370.35.

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. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The company had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. 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 value of $16,516,500.00. Following the transaction, the chief financial officer directly owned 113,790 shares of the company’s stock, valued at $34,171,137. The trade was a 32.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total value of $9,723,673.89. Following the sale, the insider owned 69,775 shares of the company’s stock, valued at $20,557,808.25. The trade was a 32.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 458,839 shares of company stock worth $138,172,392 in the last quarter. 10.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NET has been the topic of several research reports. Raymond James Financial assumed coverage on Cloudflare in a report on Tuesday, July 7th. They issued a “strong-buy” rating on the stock. BTIG Research raised their target price on shares of Cloudflare from $382.00 to $413.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Robert W. Baird set a $330.00 target price on shares of Cloudflare in a report on Friday, August 7th. Barclays lifted their target price on shares of Cloudflare from $355.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $394.00 price target on shares of Cloudflare in a report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $330.59.

Cloudflare Profile

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.