Cloudflare, Inc. $NET Position Increased by Swedbank AB

Swedbank AB raised its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 165.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,309 shares of the company’s stock after buying an additional 72,431 shares during the period. Swedbank AB’s holdings in Cloudflare were worth $22,930,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its stake in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 104 shares during the period. Wiser Advisor Group LLC acquired a new position in Cloudflare in the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. boosted its stake in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares during the period. Wexford Capital LP acquired a new position in Cloudflare in the 3rd quarter worth approximately $30,000. Finally, Cloud Capital Management LLC acquired a new position in Cloudflare in the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Stock Up 0.0%

NET stock opened at $216.24 on Tuesday. Cloudflare, Inc. has a 12-month low of $154.93 and a 12-month high of $260.00. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The company has a market cap of $76.43 billion, a price-to-earnings ratio of -864.96 and a beta of 1.67. The company has a 50 day moving average of $207.77 and a two-hundred day moving average of $198.90.

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

Analysts Set New Price Targets

NET has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Scotiabank decreased their price objective on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 11th. Guggenheim raised their price objective on shares of Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research note on Wednesday, February 11th. Wells Fargo & Company raised their price objective on shares of Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $220.00 price objective on shares of Cloudflare in a research note on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.68.

Insider Buying and Selling

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $210.66, for a total value of $11,035,213.44. Following the completion of the sale, the chief executive officer owned 25,550 shares in the company, valued at $5,382,363. This represents a 67.22% decrease in their position. The transaction 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, CFO Thomas J. Seifert sold 10,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $200.61, for a total transaction of $2,006,100.00. Following the transaction, the chief financial officer owned 212,014 shares in the company, valued at $42,532,128.54. This represents a 4.50% decrease in their position. 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 quarter, insiders have sold 577,525 shares of company stock worth $118,153,351. Insiders own 10.89% of the company’s stock.

About Cloudflare

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.