Cloudflare, Inc. $NET Holdings Boosted by Bokf Na

Key Points

• Bokf Na increased its Cloudflare stake by 226.5% in the third quarter, while several other institutional investors also raised their positions. Hedge funds and institutions collectively own 82.68% of NET.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $333.70. Ratings range from Strong Buy to Sell.
• Cloudflare shares opened at $279.86, down 9.8%, despite quarterly revenue rising 35.9% year over year and earnings of $0.29 per share exceeding estimates. Insiders have sold $143.4 million of stock over the past 90 days under pre-arranged trading plans.

Bokf Na lifted its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 226.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,784 shares of the company's stock after purchasing an additional 6,094 shares during the quarter. Bokf Na's holdings in Cloudflare were worth $3,051,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NET. Motley Fool Asset Management LLC raised its holdings in Cloudflare by 6.8% during the third quarter. Motley Fool Asset Management LLC now owns 25,710 shares of the company's stock worth $8,929,000 after purchasing an additional 1,645 shares during the last quarter. North Dakota State Investment Board grew its holdings in Cloudflare by 40.6% in the third quarter. North Dakota State Investment Board now owns 14,762 shares of the company's stock valued at $5,127,000 after purchasing an additional 4,261 shares during the last quarter. VestGen Advisors LLC grew its holdings in Cloudflare by 73.2% in the third quarter. VestGen Advisors LLC now owns 2,274 shares of the company's stock valued at $790,000 after purchasing an additional 961 shares during the last quarter. Generali Asset Management SPA SGR increased its position in shares of Cloudflare by 6.0% in the third quarter. Generali Asset Management SPA SGR now owns 19,762 shares of the company's stock valued at $6,863,000 after buying an additional 1,118 shares in the last quarter. Finally, SYM FINANCIAL Corp increased its position in shares of Cloudflare by 36.1% in the third quarter. SYM FINANCIAL Corp now owns 1,732 shares of the company's stock valued at $601,000 after buying an additional 459 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.

Wall Street Analysts Forecast Growth

NET has been the subject of several recent research reports. Morgan Stanley restated an "overweight" rating and set a $370.00 target price on shares of Cloudflare in a report on Friday, August 7th. Robert W. Baird set a $330.00 price target on shares of Cloudflare in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a "buy" rating in a report on Tuesday, July 7th. Benchmark lowered shares of Cloudflare to an "underperform" rating in a research report on Tuesday, July 7th. Finally, Needham & Company LLC raised their price objective on shares of Cloudflare from $280.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $333.70.

Insider Activity at Cloudflare

In related news, insider Michelle Zatlyn sold 33,003 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was 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 approximately $20,557,808.25. This trade represents a 32.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $283.42, for a total value of $14,846,389.86. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 476,339 shares of company stock worth $143,439,267. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare Stock Down 9.8%

Shares of NYSE NET opened at $279.86 on Friday. 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 firm has a fifty day moving average of $320.77 and a 200-day moving average of $247.79. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $370.35.

Cloudflare (NYSE:NET - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The business had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same period last year, the company posted $0.21 EPS. The business's quarterly 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, sell-side analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current year.

Cloudflare 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.

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