Westwind Capital Acquires New Shares in Cloudflare, Inc. $NET

Westwind Capital acquired a new stake in Cloudflare, Inc. (NYSE:NET) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,113 shares of the company’s stock, valued at approximately $2,817,000. Cloudflare comprises about 0.7% of Westwind Capital’s holdings, making the stock its 29th largest position.

A number of other institutional investors have also made changes to their positions in the business. Jennison Associates LLC raised its stake in Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after acquiring an additional 2,530,872 shares during the period. Amundi boosted its position in Cloudflare by 2.0% during the first quarter. Amundi now owns 1,707,256 shares of the company’s stock worth $352,275,000 after purchasing an additional 32,804 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after purchasing an additional 206,506 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the last quarter. Finally, National Pension Service raised its position in shares of Cloudflare by 1.6% in the second quarter. National Pension Service now owns 959,987 shares of the company’s stock valued at $235,466,000 after purchasing an additional 15,546 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare is expanding its strategic position in security and data infrastructure. The company became a public Certificate Authority, began issuing post-quantum-ready TLS certificates, launched Basin—an open-source serverless data platform for analytics and AI workloads—and partnered with Deutsche Telekom on enterprise security and connectivity services in Europe. These initiatives could broaden Cloudflare’s addressable market and create new sources of long-term growth. What Could Cloudflare New Trust and Data Push Mean for Its Future?
• Positive Sentiment: AI traffic remains a central bullish catalyst. Cloudflare is benefiting from the increasing use of AI agents and related internet traffic, supporting the view that its network, security and performance products could see sustained demand. The company’s Basin platform is also designed to support AI data workloads. Why Cloudflare Stock Rallied Nearly 14% in September
• Neutral Sentiment: Brokerage analysts maintain an average Buy-equivalent recommendation for NET, but the usefulness of that consensus may be limited because analyst ratings are often optimistic for high-growth technology stocks. Brokers Suggest Investing in Cloudflare
• Negative Sentiment: Valuation is creating significant investor risk. After roughly quadrupling over three years and trading near its 12-month high, Cloudflare’s share price appears to assume very strong future sales and profit growth. Commentary from Jim Cramer similarly recognized the AI opportunity while cautioning against buying at the current valuation. Cloudflare Stock May Be Overvalued
• Negative Sentiment: Repeated insider sales may weigh on sentiment. Co-founder and co-CEO Michelle Zatlyn sold 33,003 shares at an average price of $348.29 on October 7, following an equivalent sale on October 5. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing the direct signaling value, but together lowered her ownership by about 32%. Cloudflare Insider Trading

Cloudflare Price Performance

Shares of NET stock traded down $1.75 during trading on Thursday, hitting $341.23. The company had a trading volume of 2,439,476 shares, compared to its average volume of 4,096,033. The firm has a market capitalization of $120.61 billion, a P/E ratio of -588.32, a price-to-earnings-growth ratio of 282.35 and a beta of 1.65. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $370.35. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The stock’s 50-day moving average price is $313.26 and its 200 day moving average price is $258.43.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Equities analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Insider Activity at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the sale, the insider directly owned 69,775 shares in the company, valued at $20,557,808.25. This represents a 32.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the completion of the transaction, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 458,839 shares of company stock valued at $138,172,392 over the last quarter. 10.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NET has been the topic of several research analyst reports. Needham & Company LLC increased their price target on shares of Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a report on Friday, August 7th. Raymond James Financial began coverage on Cloudflare in a research report on Tuesday, July 7th. They issued a “strong-buy” rating on the stock. Guggenheim increased their target price on Cloudflare from $140.00 to $160.00 and gave the stock a “sell” rating in a research note on Friday, August 7th. TD Cowen boosted their price target on Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Truist Financial upped their price objective on Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.33.

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.