Cloudflare, Inc. $NET Position Reduced by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its Cloudflare position by 40% in the third quarter, selling 58,287 shares and retaining 87,321 shares valued at approximately $30.3 million.
• Institutional investors own 82.68% of Cloudflare, while insiders sold 476,339 shares worth $143.4 million over the past three months, including sales by CFO Thomas Seifert and director Michelle Zatlyn under Rule 10b5-1 plans.
• Cloudflare reported strong quarterly results, with revenue rising 35.9% year over year to $696.1 million and adjusted earnings exceeding estimates. Analysts maintain a consensus “Moderate Buy” rating, but the stock’s elevated valuation and concerns about margins and AI-growth durability remain risks.

Robeco Institutional Asset Management B.V. lessened its position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 40.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,321 shares of the company's stock after selling 58,287 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Cloudflare were worth $30,325,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NET. GK Wealth Management LLC bought a new stake in shares of Cloudflare during the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC increased its position in shares of 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. bought a new position in shares of Cloudflare in the 2nd quarter worth approximately $30,000. CX Institutional lifted its stake in shares of Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company's stock worth $33,000 after purchasing an additional 44 shares during the period. Finally, Cape Investment Advisory Inc. bought a new position in shares of Cloudflare in the 2nd quarter worth approximately $33,000. Institutional investors own 82.68% of the company's stock.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare reported millions of attempted exploits targeting newly disclosed PHP vulnerabilities, which reportedly affect a large portion of websites. The activity highlights demand for Cloudflare’s web application security, threat intelligence and protective services, supporting the broader cybersecurity sector. Cloudflare sees millions of exploit attempts after PHP disclosure
• Positive Sentiment: Brown Advisory described accelerating growth at Cloudflare in its third-quarter investor letter, reinforcing the bullish view that the company can benefit from expanding AI infrastructure and enterprise security spending. Brown Advisory Sees Accelerating Growth at Cloudflare
• Positive Sentiment: A bullish analysis argues that Cloudflare is positioned to provide user verification, bot management and security infrastructure as AI agents increasingly automate online activity. The company’s expanded Cloudflare OS integrations could also improve adoption among large enterprises. Cloudflare: Even AI Will Have To Pay The Door Fee - Strong Buy
• Neutral Sentiment: Cloudflare’s latest quarterly results were stronger than expected, with revenue up 35.9% year over year and earnings exceeding consensus. However, the stock’s very high valuation means investors may require continued rapid growth and improving profitability to support further gains.
• Negative Sentiment: One analysis cautions that the AI-agent opportunity may be overstated, while separate commentary points to workforce reductions and declining gross margins. These concerns raise questions about the quality and durability of Cloudflare’s growth. Wall Street Breakfast Podcast: PHP Flaws Set Off Cyber Alarm
• Negative Sentiment: Two insiders recently sold shares, adding a modest sentiment headwind, while prior market volatility and the stock’s elevated valuation continue to make NET vulnerable to profit-taking.

Insider Transactions at Cloudflare

In related news, CFO Thomas J. Seifert sold 12,500 shares of Cloudflare stock in a transaction 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 approximately $31,444,367.22. The trade was a 10.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Cloudflare stock in a transaction 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 trade represents a 32.11% 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. Insiders sold a total of 476,339 shares of company stock valued at $143,439,267 over the last three months. Corporate insiders own 10.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Cloudflare from $250.00 to $350.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Scotiabank upped their target price on shares of Cloudflare from $300.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Cloudflare from a "hold" rating to a "buy" rating in a research report on Saturday, October 17th. BTIG Research lifted their price target on shares of Cloudflare from $382.00 to $413.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $394.00 price objective on shares of Cloudflare in a research report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Cloudflare presently has a consensus rating of "Moderate Buy" and a consensus price target of $330.59.

Cloudflare Stock Down 0.9%

Shares of NYSE:NET opened at $304.39 on Friday. The stock has a 50 day moving average of $318.34 and a 200 day moving average of $267.07. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $370.35. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $696.06 million for the quarter, compared to analysts' expectations of $664.66 million. During the same quarter last year, the business earned $0.21 EPS. The firm'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. Sell-side analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal 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.

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