Cloudflare, Inc. $NET Shares Bought by Andra AP fonden

Key Points

• Andra AP fonden increased its Cloudflare stake by 44.5% in the second quarter, bringing its holdings to 48,356 shares valued at approximately $11.9 million. Institutional investors and hedge funds collectively own 82.68% of the company.
• Cloudflare reported quarterly revenue growth of 35.9% year over year and EPS of $0.29, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus, although the average price target of $321.85 is below the stock’s recent trading level.
• Investor enthusiasm is tempered by valuation and insider activity: the stock trades at roughly 35 times forward enterprise value to revenue, while insiders have sold about $154 million of shares over the past 90 days, including a $3.3 million Rule 10b5-1 sale by the CFO.

Andra AP fonden lifted its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 44.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,356 shares of the company's stock after acquiring an additional 14,900 shares during the period. Andra AP fonden's holdings in Cloudflare were worth $11,861,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Cornerstone Financial Management LLC grew its holdings in shares of Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company's stock worth $29,000 after buying an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Cloudflare in the 2nd quarter valued at approximately $30,000. CX Institutional increased its holdings in shares of Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company's stock valued at $33,000 after purchasing an additional 44 shares during the period. Cape Investment Advisory Inc. acquired a new position in shares of Cloudflare in the second quarter valued at approximately $33,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Cloudflare during the second quarter worth approximately $33,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cloudflare

In related news, CFO Thomas Seifert sold 10,000 shares of the company's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $332.46, for a total value of $3,324,600.00. Following the completion of the transaction, the chief financial officer directly owned 107,902 shares in the company, valued at approximately $35,873,098.92. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 2,538 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total value of $773,277.84. Following the transaction, the insider owned 112,082 shares in the company, valued at $34,149,143.76. This trade represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 552,674 shares of company stock valued at $153,972,304. 10.66% of the stock is currently owned by insiders.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare introduced controls that let customers manage or block AI crawlers from accessing their websites. The feature could strengthen the company’s position in AI infrastructure while helping customers address content usage, bandwidth costs and data-scraping concerns. Cloudflare Adds AI Crawling Controls as Stock Valuation Draws Focus
• Positive Sentiment: Recent commentary remains favorable, including an investor highlighting Cloudflare’s long-term prospects and Wall Street’s average recommendation remaining equivalent to “Buy.” Cloudflare’s latest reported quarter also featured 35.9% year-over-year revenue growth and earnings above consensus estimates.
• Positive Sentiment: Unusually high call-option activity and a reported 11.7% increase in the consensus price target indicate continued speculative and institutional interest in further upside, although neither guarantees future gains. Wall Street’s Bullish Views on Cloudflare
• Neutral Sentiment: Cloudflare rose alongside Fastly and Datadog in a sector-wide move after Treasury yields eased and signs of cooler U.S.-China tensions improved risk appetite. The strength was not tied to a new Cloudflare-specific announcement. Cloudflare Shares Rise as Software Stocks Rally
• Negative Sentiment: Investors are questioning what happens if Cloudflare’s growth cools. After a substantial multiyear rally, the stock’s roughly 35-times forward enterprise-value-to-revenue valuation leaves little room for execution disappointments. The reported average price target of $321.85 is also below recent trading levels. What Happens If Cloudflare’s Growth Cools?
• Negative Sentiment: CFO Thomas Seifert sold 10,000 shares worth approximately $3.3 million, reducing his holdings by 8.48%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which makes it less significant than discretionary insider selling but still adds a cautionary signal.

Cloudflare Stock Performance

NET opened at $353.93 on Wednesday. The stock has a market cap of $125.10 billion, a P/E ratio of -610.22, a P/E/G ratio of 279.70 and a beta of 1.66. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $357.10. The stock's 50 day simple moving average is $295.12 and its 200 day simple moving average is $247.37.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, equities analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Jefferies Financial Group set a $350.00 price target on Cloudflare in a report on Friday, August 7th. Zacks Research cut shares of Cloudflare from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. UBS Group upped their price objective on shares of Cloudflare from $250.00 to $350.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Wells Fargo & Company raised their target price 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. Finally, Royal Bank Of Canada lifted their price objective on Cloudflare from $290.00 to $346.00 and gave the company an "outperform" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Cloudflare currently has an average rating of "Moderate Buy" and an average price target of $321.85.

Cloudflare Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company's offerings include content delivery and 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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