TD Asset Management Inc Buys 2,994 Shares of Cloudflare, Inc. $NET

TD Asset Management Inc grew its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,467 shares of the company’s stock after buying an additional 2,994 shares during the quarter. TD Asset Management Inc’s holdings in Cloudflare were worth $16,456,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare during the 3rd quarter valued at about $26,000. Wexford Capital LP bought a new stake in shares of Cloudflare in the 3rd quarter valued at approximately $30,000. Ameriflex Group Inc. lifted its stake in shares of Cloudflare by 105.6% in the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after purchasing an additional 76 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new stake in shares of Cloudflare in the 4th quarter valued at approximately $35,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NET shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $305.00 price objective on shares of Cloudflare in a research note on Thursday. The Goldman Sachs Group lowered Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. KeyCorp lowered Cloudflare from an “overweight” rating to a “hold” rating in a research note on Wednesday, April 15th. Guggenheim raised their price objective on Cloudflare from $117.00 to $140.00 and gave the company a “sell” rating in a research note on Wednesday, February 11th. Finally, Mizuho lowered their price objective on Cloudflare from $255.00 to $235.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $239.08.

Insiders Place Their Bets

In other Cloudflare news, CFO Thomas J. Seifert sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $200.61, for a total value of $2,006,100.00. Following the completion of the sale, the chief financial officer owned 212,014 shares of the company’s stock, valued at $42,532,128.54. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 16,243 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $216.15, for a total transaction of $3,510,924.45. Following the completion of the sale, the insider directly owned 118,395 shares of the company’s stock, valued at approximately $25,591,079.25. The trade was a 12.06% 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 527,784 shares of company stock valued at $111,803,817 over the last quarter. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Down 0.8%

Shares of NYSE NET opened at $248.01 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The company has a market cap of $87.67 billion, a P/E ratio of -992.06, a PEG ratio of 4,194.92 and a beta of 1.70. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The firm has a 50-day simple moving average of $214.09 and a two-hundred day simple moving average of $200.73.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Cloudflare Company 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.