Comerica Bank Has $2.68 Million Position in Cloudflare, Inc. $NET

Key Points

• Comerica Bank cut its stake in Cloudflare by 76.6% during Q4, selling 44,386 shares and leaving 13,587 shares valued at approximately $2,679,000.
• Insiders have been net sellers recently — Director Carl Ledbetter sold 5,009 shares and CEO Matthew Prince sold 659, and insiders disposed of a total of 621,246 shares worth about $121,627,039 in the past three months, though insiders still own 10.89% of the company.
• Analysts remain broadly constructive with a consensus "Moderate Buy" and an average target near $232.62 versus the recent price around $223.66, after Cloudflare beat quarterly revenue and EPS expectations (revenue up 33.6%, EPS $0.28 vs $0.27 consensus).

Comerica Bank reduced its position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 76.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,587 shares of the company's stock after selling 44,386 shares during the quarter. Comerica Bank's holdings in Cloudflare were worth $2,679,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NET. Empowered Funds LLC raised its stake in Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company's stock valued at $750,000 after purchasing an additional 1,696 shares during the period. Sivia Capital Partners LLC acquired a new stake in Cloudflare during the 2nd quarter valued at $424,000. Cerity Partners LLC raised its stake in Cloudflare by 30.1% during the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company's stock valued at $5,391,000 after purchasing an additional 6,363 shares during the period. Sei Investments Co. raised its stake in Cloudflare by 40.1% during the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company's stock valued at $64,432,000 after purchasing an additional 94,112 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Cloudflare by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company's stock valued at $3,224,000 after purchasing an additional 2,093 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Susquehanna set a $190.00 target price on shares of Cloudflare in a research note on Thursday, February 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Cloudflare in a report on Monday, April 20th. DZ Bank upgraded shares of Cloudflare from a "hold" rating to a "buy" rating and set a $215.00 price target on the stock in a report on Friday, February 13th. Royal Bank Of Canada boosted their price target on shares of Cloudflare from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, February 11th. Finally, Zacks Research upgraded shares of Cloudflare from a "strong sell" rating to a "hold" rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare currently has an average rating of "Moderate Buy" and a consensus target price of $232.62.

Insider Transactions at Cloudflare

In related news, Director Carl Ledbetter sold 5,009 shares of the company's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $215.82, for a total value of $1,081,042.38. Following the completion of the sale, the director directly owned 923,073 shares in the company, valued at approximately $199,217,614.86. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 659 shares of the company's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $223.62, for a total transaction of $147,365.58. Following the completion of the sale, the chief executive officer owned 406,315 shares of the company's stock, valued at $90,860,160.30. This represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 621,246 shares of company stock valued at $121,627,039 in the last three months. 10.89% of the stock is currently owned by company insiders.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare launched fully automated onboarding for AI agents (partnering with Stripe) and is offering up to $100k in credits to qualifying startups — a strategic move that positions NET as infrastructure for AI-native apps and could boost new customer acquisition and revenue growth. Article Title
• Positive Sentiment: Jim Cramer named Cloudflare a “terrific cyber defender” on Mad Money ahead of earnings, bringing retail attention and short-term buying interest. Media endorsements can amplify momentum into the company’s upcoming results. Article Title
• Positive Sentiment: Brokerages still lean constructive: the consensus/average price target sits around ~$231.85 (implying roughly mid-teens upside vs. recent levels), and aggregated recommendations remain around “moderate buy,” supporting continued analyst-driven interest. Article Title
• Neutral Sentiment: Coverage notes that fair-value estimates have only shifted marginally (to ~$231.85), signaling mixed analyst views — some raising targets, others trimming as they reassess how much growth is already priced in. This keeps headline upside in place but limits conviction for large upgrades. Article Title
• Negative Sentiment: Seeking Alpha downgraded NET to Hold, arguing valuation has largely caught up with the story despite operational strengths — a view that can pressure sentiment among value-oriented investors. Article Title
• Neutral Sentiment: Director Carl Ledbetter sold 5,009 shares under a pre-arranged Rule 10b5-1 plan (typical institutional/insider liquidity), a small percentage of his holdings and less likely to signal negative new information. SEC Filing
• Negative Sentiment: Director Mark Hawkins sold 133 shares (~1.29% decrease in his position), a small insider sale that could be viewed negatively by some traders but is immaterial in size. SEC Filing

Cloudflare Trading Up 2.8%

Cloudflare stock opened at $223.66 on Tuesday. The company's fifty day simple moving average is $199.89 and its 200-day simple moving average is $200.05. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. Cloudflare, Inc. has a 12 month low of $120.46 and a 12 month high of $260.00. The stock has a market cap of $78.72 billion, a P/E ratio of -771.21 and a beta of 1.67.

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