Cloudflare, Inc. $NET Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer reduced its Cloudflare stake by 26.4% in the third quarter, selling 14,336 shares and retaining 40,045 shares valued at approximately $13.9 million. Institutional investors collectively own 82.68% of Cloudflare.
• Cloudflare insiders sold 316,440 shares worth about $96.4 million over the past 90 days, including sales by a director and the CFO under pre-arranged Rule 10b5-1 plans.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $332.59 target price, although Cloudflare shares opened at $264.86 after a reported 5.6% decline.

Bank Julius Baer & Co. Ltd Zurich lowered its stake in Cloudflare, Inc. (NYSE:NET - Free Report) by 26.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,045 shares of the company's stock after selling 14,336 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Cloudflare were worth $13,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Greenleaf Trust lifted its holdings in shares of Cloudflare by 3.4% in the third quarter. Greenleaf Trust now owns 1,950 shares of the company's stock valued at $677,000 after purchasing an additional 65 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Cloudflare by 4.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,046,812 shares of the company's stock worth $363,537,000 after buying an additional 48,956 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Cloudflare during the third quarter worth about $14,296,000. Vise Technologies Inc. grew its holdings in shares of Cloudflare by 13.4% during the third quarter. Vise Technologies Inc. now owns 10,503 shares of the company's stock worth $3,647,000 after buying an additional 1,243 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of Cloudflare during the third quarter worth about $211,000. Institutional investors and hedge funds own 82.68% of the company's stock.

Insider Transactions at Cloudflare

In other news, Director Carl Ledbetter sold 5,000 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $304.40, for a total value of $1,522,000.00. Following the completion of the sale, the director owned 868,073 shares of the company's stock, valued at approximately $264,241,421.20. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing 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, CFO Thomas Seifert sold 12,500 shares of the firm's 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 completion of the transaction, the chief financial officer directly owned 104,958 shares of the company's stock, valued at $31,444,367.22. This represents a 10.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 316,440 shares of company stock worth $96,437,412 in the last 90 days. Corporate insiders own 10.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NET. Cantor Fitzgerald reissued a "neutral" rating and issued a $340.00 target price on shares of Cloudflare in a research report on Monday, October 5th. Benchmark cut Cloudflare to an "underperform" rating in a research note on Tuesday, July 7th. Piper Sandler upped their price target on Cloudflare from $250.00 to $333.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Jefferies Financial Group decreased their price target on shares of Cloudflare from $350.00 to $320.00 and set a "hold" rating for the company in a research note on Monday. Finally, Guggenheim raised their price target on shares of Cloudflare from $140.00 to $160.00 and gave the stock a "sell" rating in a research note on Friday, August 7th. One 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Cloudflare currently has a consensus rating of "Moderate Buy" and a consensus target price of $332.59.

Cloudflare Trading Down 5.6%

NYSE:NET opened at $264.86 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock's 50-day simple moving average is $320.21 and its 200 day simple moving average is $248.17. 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 released 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. The business had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. Cloudflare's revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. On average, analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal 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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