Handelsbanken Fonder AB Sells 29,729 Shares of Cloudflare, Inc. $NET

Handelsbanken Fonder AB reduced its position in Cloudflare, Inc. (NYSE:NET) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,130 shares of the company’s stock after selling 29,729 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cloudflare were worth $34,921,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Jennison Associates LLC increased its position in Cloudflare by 802.6% during the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock valued at $367,411,000 after purchasing an additional 1,657,144 shares during the period. Groupama Asset Managment lifted its position in shares of Cloudflare by 82.6% in the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after purchasing an additional 950,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Cloudflare by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after purchasing an additional 821,684 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Cloudflare during the 3rd quarter valued at about $138,660,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Cloudflare by 96.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,302,893 shares of the company’s stock valued at $279,588,000 after buying an additional 639,245 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on NET. Cantor Fitzgerald restated a “neutral” rating and issued a $224.00 price objective on shares of Cloudflare in a report on Wednesday, February 11th. DZ Bank upgraded Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday, February 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Guggenheim raised their target price on Cloudflare from $117.00 to $140.00 and gave the company a “sell” rating in a research note on Wednesday, February 11th. Finally, Morgan Stanley set a $245.00 price target on Cloudflare in a research note on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.68.

Cloudflare Trading Up 2.5%

NYSE:NET opened at $206.81 on Wednesday. The firm has a market capitalization of $73.10 billion, a P/E ratio of -827.25 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a one year low of $154.93 and a one year high of $260.00. The company’s 50-day simple moving average is $207.36 and its 200 day simple moving average is $199.61.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, analysts forecast that Cloudflare, Inc. will post -0.08 EPS for the current fiscal year.

Insider Activity at Cloudflare

In other news, CFO Thomas J. Seifert sold 41,557 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $185.04, for a total value of $7,689,707.28. Following the sale, the chief financial officer directly owned 85,452 shares of the company’s stock, valued at approximately $15,812,038.08. This represents a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were 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 of the company’s stock, valued at $3,981,473.58. The trade was a 69.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 653,060 shares of company stock valued at $128,655,860 in the last 90 days. Corporate insiders own 10.89% of the company’s stock.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, which could strengthen its positioning in AI infrastructure and developer tooling. Cloudflare Brings Secure, Scalable Sandboxes to Claude Managed Agents
• Positive Sentiment: Recent coverage highlighted Cloudflare’s AI-first pivot and workforce reduction as part of a strategy to improve efficiency while expanding AI products, which may be viewed as a margin and growth catalyst. Cloudflare Reshapes Business With AI Pivot And 20% Workforce Cut
• Positive Sentiment: Investor interest in AI-linked internet software names and a sectorwide lift after a strong Cisco report have also helped sentiment around NET. Why Cloudflare (NET) Stock Is Trading Up Today
• Neutral Sentiment: Analyst and media commentary continues to group Cloudflare with other AI software beneficiaries, but this is more sentiment-driven than a new fundamental update. Fastly’s Compute Revenues Surge: Is AI Demand Powering Growth?
• Negative Sentiment: Chief accounting officer Janel Riley sold shares in two separate transactions, and CFO Thomas J. Seifert also sold 10,000 shares, which can create some short-term pressure even though all were under pre-arranged 10b5-1 plans.

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.