Cloudflare, Inc. $NET Stock Purchased by North Dakota State Investment Board

North Dakota State Investment Board boosted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 40.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,762 shares of the company’s stock after purchasing an additional 4,261 shares during the period. North Dakota State Investment Board’s holdings in Cloudflare were worth $5,127,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC increased its position in shares of Cloudflare by 2.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,238 shares of the company’s stock worth $430,000 after purchasing an additional 33 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Cloudflare by 6.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 623 shares of the company’s stock worth $216,000 after purchasing an additional 36 shares in the last quarter. Armstrong Advisory Group Inc. boosted its holdings in shares of Cloudflare by 31.2% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 164 shares of the company’s stock valued at $57,000 after buying an additional 39 shares during the last quarter. CX Institutional boosted its holdings in shares of Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 44 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in shares of Cloudflare by 4.2% in the 3rd quarter. Wedbush Securities Inc. now owns 1,095 shares of the company’s stock valued at $380,000 after buying an additional 44 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NET shares. DZ Bank downgraded shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Benchmark cut shares of Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Guggenheim lifted their price objective 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. The Goldman Sachs Group restated a “buy” rating and set a $389.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. Finally, Citizens Jmp restated a “market outperform” rating and set a $394.00 price objective on shares of Cloudflare in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas Seifert sold 12,500 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the transaction, the chief financial officer owned 104,958 shares in the company, valued at $31,444,367.22. This represents a 10.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $304.40, for a total transaction of $1,522,000.00. Following the transaction, the director owned 868,073 shares in the company, valued at approximately $264,241,421.20. The trade was a 0.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 476,339 shares of company stock valued at $143,439,267 in the last quarter. Company insiders own 10.66% of the company’s stock.

Cloudflare Stock Down 2.9%

NET stock opened at $318.16 on Thursday. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. 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 $112.46 billion, a price-to-earnings ratio of -548.54, a PEG ratio of 259.07 and a beta of 1.65. The business’s fifty day moving average price is $320.38 and its two-hundred day moving average price is $246.69.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS 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 business had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same period in the prior year, the company posted $0.21 earnings per share. Cloudflare’s revenue was up 35.9% compared to the same quarter last year. 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 anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Cloudflare Company Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.