Geneva Partners LLC Buys New Stake in Cloudflare, Inc. $NET

Geneva Partners LLC bought a new position in Cloudflare, Inc. (NYSE:NET) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,956 shares of the company’s stock, valued at approximately $2,763,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Management Professionals Inc. grew its holdings in shares of Cloudflare by 6.1% in the third quarter. Financial Management Professionals Inc. now owns 623 shares of the company’s stock valued at $216,000 after acquiring an additional 36 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in Cloudflare by 31.2% during the third quarter. Armstrong Advisory Group Inc. now owns 164 shares of the company’s stock worth $57,000 after acquiring an additional 39 shares during the period. CX Institutional lifted its holdings in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 44 shares during the period. Wedbush Securities Inc. lifted its holdings in Cloudflare by 4.2% during the third quarter. Wedbush Securities Inc. now owns 1,095 shares of the company’s stock worth $380,000 after acquiring an additional 44 shares during the period. Finally, Wealth Architects LLC boosted its position in Cloudflare by 4.6% in the second quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock worth $251,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NET. BTIG Research raised their target price on Cloudflare from $382.00 to $413.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Truist Financial lifted their target price on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Benchmark downgraded shares of Cloudflare to an “underperform” rating in a report on Tuesday, July 7th. Robert W. Baird set a $330.00 price target on shares of Cloudflare in a research report on Friday, August 7th. Finally, Piper Sandler increased their price target on shares of Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.59.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 12,500 shares of Cloudflare stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $299.59, for a total value of $3,744,875.00. Following the completion of the transaction, the chief financial officer owned 104,958 shares in the company, valued at $31,444,367.22. This trade represents a 10.64% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $304.40, for a total transaction of $1,522,000.00. Following the completion of the transaction, the director owned 868,073 shares of the company’s stock, valued at $264,241,421.20. The trade was a 0.57% decrease in their position. 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. Insiders have sold a total of 476,339 shares of company stock valued at $143,439,267 over the last three months. 10.66% of the stock is currently owned by insiders.

Cloudflare Stock Performance

NYSE:NET opened at $332.86 on Tuesday. 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 business has a fifty day simple moving average of $319.62 and a two-hundred day simple moving average of $245.41. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $370.35. The company has a market capitalization of $117.65 billion, a P/E ratio of -573.89, a P/E/G ratio of 259.07 and a beta of 1.65.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same period in the previous year, the company posted $0.21 earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. 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, analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

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.