Cloudflare, Inc. $NET Shares Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Cloudflare stake by 4,348.4% in the third quarter, ending with 150,000 shares valued at approximately $52.1 million. Institutional investors collectively own 82.68% of the company.
• Cloudflare exceeded quarterly expectations, reporting $0.29 EPS versus a $0.27 consensus estimate and $696.1 million in revenue, up 35.9% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $333.70, although insiders sold 476,339 shares worth roughly $143.4 million during the latest quarter.

International Assets Investment Management LLC grew its position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 4,348.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,000 shares of the company's stock after purchasing an additional 146,628 shares during the period. International Assets Investment Management LLC's holdings in Cloudflare were worth $52,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Parcion Private Wealth LLC raised its stake in shares of Cloudflare by 76.4% during the third quarter. Parcion Private Wealth LLC now owns 3,288 shares of the company's stock worth $1,142,000 after acquiring an additional 1,424 shares in the last quarter. Founders Financial Securities LLC purchased a new stake in shares of Cloudflare in the 3rd quarter valued at $294,000. United Asset Strategies Inc. purchased a new stake in shares of Cloudflare in the 3rd quarter valued at $1,070,000. Choreo LLC grew its holdings in shares of Cloudflare by 4.5% during the 3rd quarter. Choreo LLC now owns 7,376 shares of the company's stock valued at $2,562,000 after purchasing an additional 316 shares during the last quarter. Finally, Interchange Capital Partners LLC grew its holdings in shares of Cloudflare by 23.6% during the 3rd quarter. Interchange Capital Partners LLC now owns 1,148 shares of the company's stock valued at $399,000 after purchasing an additional 219 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 33,003 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the transaction, the insider directly owned 69,775 shares of the company's stock, valued at approximately $20,557,808.25. The trade was a 32.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $283.42, for a total transaction of $14,846,389.86. 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. Insiders sold a total of 476,339 shares of company stock worth $143,439,267 over the last quarter. 10.66% of the stock is owned by corporate insiders.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $279.86 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average price of $320.77 and a 200-day moving average price of $247.79. The company has a market cap of $98.92 billion, a price-to-earnings ratio of -482.52, a price-to-earnings-growth ratio of 246.79 and a beta of 1.65. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $370.35.

Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) 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 company had revenue of $696.06 million for the quarter, compared to analysts' expectations of $664.66 million. During the same period last year, the firm earned $0.21 earnings per share. Cloudflare'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. As a group, equities analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NET. Citizens Jmp reaffirmed a "market outperform" rating and set a $394.00 price objective on shares of Cloudflare in a research note on Monday, August 31st. Barclays boosted their target price on Cloudflare from $355.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. Royal Bank Of Canada raised their price target on Cloudflare from $290.00 to $346.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Wall Street Zen lowered Cloudflare from a "buy" rating to a "hold" rating in a research report on Sunday, October 25th. Finally, KeyCorp lifted their price target on Cloudflare from $300.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $333.70.

About Cloudflare

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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