6,824 Cloudflare, Inc. $NET Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. lessened its holdings in Cloudflare, Inc. (NYSE:NET) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 220,097 shares of the company’s stock after selling 6,824 shares during the period. Congress Asset Management Co. owned about 0.06% of Cloudflare worth $76,435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Violich Capital Management Inc. bought a new stake in Cloudflare during the 3rd quarter valued at $226,000. Versant Capital Management Inc raised its position in shares of Cloudflare by 14.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,342 shares of the company’s stock worth $466,000 after acquiring an additional 173 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in shares of Cloudflare during the 3rd quarter worth $76,000. QRG Capital Management Inc. lifted its stake in shares of Cloudflare by 26.9% during the 2nd quarter. QRG Capital Management Inc. now owns 89,277 shares of the company’s stock worth $21,898,000 after purchasing an additional 18,914 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Cloudflare by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,229 shares of the company’s stock valued at $1,773,000 after purchasing an additional 738 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Guggenheim increased their price target on shares of Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a research report on Friday, August 7th. KeyCorp lifted their price objective on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. DZ Bank lowered shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. Oppenheimer increased their target price on shares of Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group set a $350.00 target price on shares of Cloudflare in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $326.33.

Cloudflare Stock Down 1.1%

Cloudflare stock traded down $3.78 during midday trading on Tuesday, reaching $355.71. The company’s stock had a trading volume of 2,589,652 shares, compared to its average volume of 4,113,934. 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 stock has a market capitalization of $125.73 billion, a P/E ratio of -613.30, a PEG ratio of 277.63 and a beta of 1.65. The stock’s 50-day simple moving average is $310.01 and its 200-day simple moving average is $256.66. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week 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. The business had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The company’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. 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, sell-side analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: BTIG upgraded Cloudflare to “Buy” and raised its price target from $382 to $413, implying approximately 16% upside from the referenced price. The upgrade reflects confidence in Cloudflare’s growth prospects and helped the stock reach a new 12-month high. BTIG Research Issues Positive Forecast for Cloudflare Stock Price
• Positive Sentiment: Cloudflare’s product momentum remains a key support for NET. Company data cited by the market ranked Cloudflare as the fastest provider across 74% of the top 1,000 networks, reinforcing its competitive position as machine-generated internet traffic and AI usage expand. Why Cloudflare Stock Is Trading Up Today
• Positive Sentiment: A partnership with Deutsche Telekom could broaden Cloudflare’s European enterprise distribution and create additional opportunities in cybersecurity and connectivity services. Strong AI-security demand and growth among large customers have also supported the stock’s six-month advance. Can Cloudflare’s Deutsche Telekom Deal Drive Enterprise Growth?
• Neutral Sentiment: A cooler-than-expected U.S. jobs report fueled a broader technology rally and increased investor appetite for higher-beta cloud shares, contributing to Cloudflare’s recent outperformance. Cloudflare Climbs as Risk Appetite Favors High-Beta Cloud Names
• Negative Sentiment: Cloudflare’s roughly 65% six-month gain and valuation near its 52-week high have raised concerns that expectations are already very high. Analysts cite margin pressure and a premium valuation as reasons investors may lock in profits, which could explain the stock’s recent weakness despite favorable news. NET Stock Surges 65% in Six Months

Insider Activity at Cloudflare

In other Cloudflare news, insider Alissa Michelle Starzak sold 2,538 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $304.68, for a total transaction of $773,277.84. Following the transaction, the insider owned 112,082 shares in the company, valued at approximately $34,149,143.76. This represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $353.15, for a total transaction of $1,765,750.00. Following the completion of the transaction, the director directly owned 873,073 shares of the company’s stock, valued at approximately $308,325,729.95. This represents 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 392,833 shares of company stock worth $115,040,919 in the last 90 days. 10.66% of the stock is owned by insiders.

Cloudflare Company 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.