Cloudflare, Inc. $NET Stock: NFSG Corp Reduces Stake

NFSG Corp decreased its position in shares of Cloudflare, Inc. (NYSE:NET) by 11.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 19,864 shares of the company’s stock after selling 2,454 shares during the period. NFSG Corp’s holdings in Cloudflare were worth $6,899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GK Wealth Management LLC purchased a new position in Cloudflare in the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC boosted its stake in Cloudflare by 65.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after purchasing an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Cloudflare during the 2nd quarter valued at $30,000. CX Institutional boosted its stake in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Cloudflare in the 2nd quarter worth $33,000. Institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NET shares. Royal Bank Of Canada raised their price target on shares of Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Wall Street Zen cut shares of Cloudflare from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Susquehanna upped their price target on Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Truist Financial raised their price objective on shares of Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Benchmark downgraded Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. One 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $330.59.

Cloudflare Trading Down 2.9%

Shares of NYSE NET opened at $314.76 on Friday. The business’s 50 day moving average is $319.61 and its two-hundred day moving average is $263.78. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35. The stock has a market capitalization of $111.26 billion, a P/E ratio of -542.69, a PEG ratio of 257.95 and a beta of 1.65.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million for the quarter, compared to the consensus estimate 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 prior year, the business posted $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. As a group, research analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Buying and Selling

In related news, CFO Thomas Seifert sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $332.46, for a total value of $3,324,600.00. Following the completion of the sale, the chief financial officer directly owned 107,902 shares in the company, valued at $35,873,098.92. This trade represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $348.29, for a total value of $11,494,614.87. Following the completion of the sale, the insider owned 69,775 shares of the company’s stock, valued at approximately $24,301,934.75. This represents a 32.11% 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. Over the last 90 days, insiders have sold 458,839 shares of company stock worth $138,172,392. 10.66% of the stock is currently owned by corporate 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.