16,344 Cloudflare, Inc. $NET Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in shares of Cloudflare, Inc. (NYSE:NET) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,775 shares of the company’s stock after selling 16,344 shares during the period. Vontobel Holding Ltd.’s holdings in Cloudflare were worth $50,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NET. TD Waterhouse Canada Inc. lifted its position in Cloudflare by 3.7% during the third quarter. TD Waterhouse Canada Inc. now owns 2,587 shares of the company’s stock valued at $908,000 after purchasing an additional 93 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Cloudflare in the 3rd quarter worth about $216,000. Aspiriant LLC bought a new stake in shares of Cloudflare in the 3rd quarter worth about $211,000. V Square Quantitative Management LLC grew its position in Cloudflare by 18.3% in the third quarter. V Square Quantitative Management LLC now owns 466 shares of the company’s stock worth $162,000 after acquiring an additional 72 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its position in Cloudflare by 32.7% in the third quarter. AdvisorNet Financial Inc now owns 1,023 shares of the company’s stock worth $332,000 after buying an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Down 6.6%

NET stock traded down $20.84 during mid-day trading on Friday, reaching $295.48. The company had a trading volume of 4,224,479 shares, compared to its average volume of 2,948,666. 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 company has a market capitalization of $104.44 billion, a PE ratio of -509.44, a price-to-earnings-growth ratio of 251.58 and a beta of 1.65. The firm has a 50 day moving average of $319.50 and a 200 day moving average of $264.00. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $370.35.

Cloudflare (NYSE:NET) last posted its quarterly earnings results 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. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s revenue was up 35.9% on a year-over-year basis. 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, equities analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NET. Citigroup reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday, August 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a report on Thursday. Wells Fargo & Company lifted their price target on shares of Cloudflare from $300.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. TD Cowen upped their price target on shares of Cloudflare from $355.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Mizuho upped their price target on shares of Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $330.59.

Insider Buying and Selling at Cloudflare

In other 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 value of $773,277.84. Following the completion of the sale, the insider owned 112,082 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $348.29, for a total transaction of $11,494,614.87. Following the transaction, the insider owned 69,775 shares in the company, valued at approximately $24,301,934.75. This represents a 32.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 458,839 shares of company stock worth $138,172,392. 10.66% of the stock is owned by company insiders.

Cloudflare 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.