Cloudflare, Inc. $NET Shares Purchased by AIA Group Ltd

Key Points

• AIA Group increased its stake in Cloudflare by 14.3% to 63,753 shares (about $13.68M), and institutional investors now own roughly 82.68% of the stock, led by Vanguard's 32.3M-share position.
• Insider selling has been heavy: insiders sold 638,799 shares worth ~$121.56M over the last 90 days (including large sales by Michelle Zatlyn and CAO Janel Riley), leaving insiders with 10.89% ownership.
• Analyst sentiment is broadly positive with an average rating of "Moderate Buy" and a $233.38 target; Cloudflare beat quarterly EPS and revenue (revenue +33.6% YoY) but still shows negative profitability metrics (net margin -4.72%, negative ROE) and a market cap of about $78.97B.

AIA Group Ltd boosted its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 14.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,753 shares of the company's stock after purchasing an additional 7,997 shares during the quarter. AIA Group Ltd's holdings in Cloudflare were worth $13,681,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Cloudflare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company's stock worth $6,934,958,000 after purchasing an additional 821,684 shares during the last quarter. Invesco Ltd. increased its holdings in Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company's stock valued at $850,792,000 after buying an additional 49,485 shares during the last quarter. Norges Bank bought a new stake in Cloudflare in the second quarter valued at about $541,462,000. Groupama Asset Managment raised its stake in Cloudflare by 82.6% during the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company's stock valued at $450,639,000 after buying an additional 950,000 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Cloudflare by 1.2% during the third quarter. Northern Trust Corp now owns 1,909,120 shares of the company's stock valued at $409,678,000 after buying an additional 21,715 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michelle Zatlyn sold 25,641 shares of the firm's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $189.50, for a total transaction of $4,858,969.50. Following the transaction, the insider directly owned 34,514 shares of the company's stock, valued at approximately $6,540,403. This trade represents a 42.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Janel Riley sold 23,332 shares of Cloudflare stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $190.00, for a total transaction of $4,433,080.00. Following the sale, the chief accounting officer owned 56,791 shares in the company, valued at approximately $10,790,290. This represents a 29.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 638,799 shares of company stock worth $121,556,536 over the last 90 days. Insiders own 10.89% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NET. Wells Fargo & Company boosted their price target on Cloudflare from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Wednesday, February 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Cloudflare in a research note on Wednesday, January 21st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $224.00 price objective on shares of Cloudflare in a report on Wednesday, February 11th. BTIG Research boosted their target price on shares of Cloudflare from $199.00 to $243.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Finally, DZ Bank raised shares of Cloudflare from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Cloudflare presently has an average rating of "Moderate Buy" and an average target price of $233.38.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Order-flow bullish signal (“Power Inflow”) triggered, drawing momentum and institutional order-flow buying that can accelerate short-term moves. Cloudflare Shares Rise Nearly 7% After Key Trading Signal
• Positive Sentiment: AI/enterprise growth narrative: analysts and commentators point to rising AI-driven network activity, bigger enterprise deals, and Cloudflare’s edge/AI positioning as the fundamental rationale for upside. Cloudflare shares rise as AI/enterprise growth narrative keeps gaining traction
• Positive Sentiment: Technology/edge angle: coverage calling Cloudflare well positioned for AI at the edge has added retail/momentum interest. Cloudflare Surges 8%: NVIDIA's AI Boom Is Coming for the Edge and This Stock Is Ready
• Neutral Sentiment: Analyst/target activity is supportive (multiple buy/outperform ratings and elevated median targets) but analysts’ estimates still reflect near-term profitability headwinds—so impact is mixed. Analyst Coverage Summary
• Negative Sentiment: CEO Matthew Prince executed large open-market sales this week (multiple filings) that materially reduced his direct stake — a signal some investors interpret as a near-term negative. SEC Form 4 — Matthew Prince
• Negative Sentiment: CFO Thomas Seifert also sold shares (SEC filing), and data show heavy insider selling activity across the company lately — this can weigh on sentiment if investors read it as insiders cashing out. CFO Sale / Insider Trades

Cloudflare Stock Performance

Shares of NET opened at $225.45 on Thursday. The firm has a fifty day moving average of $186.34 and a 200-day moving average of $203.14. The company has a market cap of $78.97 billion, a price-to-earnings ratio of -777.39 and a beta of 1.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.98 and a current ratio of 1.98. Cloudflare, Inc. has a 1 year low of $89.42 and a 1 year high of $260.00.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $614.51 million for the quarter, compared to the consensus estimate of $591.67 million. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. Cloudflare's quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. As a group, equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

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.

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