QRG Capital Management Inc. Has $11.14 Million Holdings in Cloudflare, Inc. $NET

QRG Capital Management Inc. decreased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 15.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 51,908 shares of the company’s stock after selling 9,281 shares during the period. QRG Capital Management Inc.’s holdings in Cloudflare were worth $11,139,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NET. Reliant Investment Partners LLC boosted its stake in shares of Cloudflare by 1.5% during the 3rd quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock worth $718,000 after buying an additional 50 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Cloudflare by 59.9% during the third quarter. Ritholtz Wealth Management now owns 1,895 shares of the company’s stock worth $407,000 after acquiring an additional 710 shares in the last quarter. Davis Rea LTD. boosted its position in Cloudflare by 19.5% during the third quarter. Davis Rea LTD. now owns 61,273 shares of the company’s stock valued at $13,149,000 after purchasing an additional 9,992 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Cloudflare in the third quarter valued at approximately $326,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Cloudflare by 1.2% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,928 shares of the company’s stock worth $14,577,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Insiders Place Their Bets

In other Cloudflare news, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $200.27, for a total transaction of $504,680.40. Following the transaction, the director owned 495,191 shares in the company, valued at $99,171,901.57. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $190.05, for a total value of $4,873,072.05. Following the sale, the insider directly owned 24,555 shares of the company’s stock, valued at $4,666,677.75. This represents a 51.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 634,213 shares of company stock worth $125,864,394 over the last three months. 10.89% of the stock is currently owned by corporate insiders.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Acquisition — Cloudflare announced it has hired The Astro Technology Company team (creators of the Astro web framework), a deal that strengthens its developer tooling and edge web‑development capabilities. Read More.
• Positive Sentiment: Acquisition — Cloudflare is acquiring Human Native, an AI data marketplace intended to help AI developers find, access and buy high‑quality training data — a clear strategic push into AI monetization that traders view as growth‑positive. Read More.
• Neutral Sentiment: Analyst action — Citigroup lowered its price target from $318 to $260 but kept a “buy” rating (the new target still implies material upside versus current levels), so the move partially trims enthusiasm while leaving a constructive stance. Read More.
• Neutral Sentiment: Street consensus — The analyst mix remains skewed positive (many Buy/outperform ratings) with a MarketBeat consensus target near the low‑to‑mid‑$200s, keeping expectations for upside but showing varied conviction.
• Negative Sentiment: Insider selling — CEO Michelle Zatlyn disclosed sizeable share sales (25,641 shares on Jan. 13 and Jan. 15 in filings), which can spook some investors as liquidity‑taking or signal near‑term confidence differences. Read More.
• Negative Sentiment: Other insider disposition — A separate disclosure shows Rep. Gilbert Ray Cisneros Jr. sold shares recently, adding to the stream of insider exits. Read More.
• Negative Sentiment: Negative third‑party voice — Weiss Ratings included Cloudflare on a “sell” list, which may pressure sentiment among retail investors who follow such services. Read More.
• Negative Sentiment: Company report risk — A recent Cloudflare report flagged a potential “technical glass ceiling” for AI growth and cybersecurity implications, which could raise execution concerns for investors focused on AI upside. Read More.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NET shares. Citigroup decreased their target price on shares of Cloudflare from $318.00 to $260.00 and set a “buy” rating for the company in a research note on Friday. Citizens Jmp increased their price target on shares of 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 boosted their price objective on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. UBS Group dropped their target price on shares of Cloudflare from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Needham & Company LLC raised their target price on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $230.26.

Cloudflare Stock Performance

Shares of NET stock opened at $184.41 on Friday. The company has a market capitalization of $64.60 billion, a price-to-earnings ratio of -614.70, a PEG ratio of 121.13 and a beta of 1.96. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. The company has a 50-day simple moving average of $200.18 and a 200 day simple moving average of $206.40.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The firm had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. During the same period last year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, sell-side analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

About Cloudflare

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.