Fifth Third Bancorp Has $141,000 Position in Cloudflare, Inc. $NET

Key Points

• Fifth Third Bancorp cut its Cloudflare stake by 93.8% in the fourth quarter, leaving it with 715 shares valued at about $141,000.
• Cloudflare’s latest quarter came in ahead of expectations, with EPS of $0.25 and revenue of $639.76 million, up 33.5% year over year.
• Despite the strong results, the stock faced mixed signals: insiders sold heavily in recent months, and analysts still rate it Moderate Buy with an average price target of about $233.12.

Fifth Third Bancorp trimmed its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 93.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 715 shares of the company's stock after selling 10,832 shares during the quarter. Fifth Third Bancorp's holdings in Cloudflare were worth $141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NET. Physician Wealth Advisors Inc. grew its position in Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company's stock worth $26,000 after buying an additional 104 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in Cloudflare in the 3rd quarter valued at $26,000. Westside Investment Management Inc. lifted its position in shares of Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company's stock valued at $28,000 after acquiring an additional 65 shares during the period. ORG Wealth Partners LLC lifted its position in shares of Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company's stock valued at $30,000 after acquiring an additional 70 shares during the period. Finally, Wexford Capital LP acquired a new stake in shares of Cloudflare during the 3rd quarter worth $30,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NET shares. Scotiabank dropped their price target on Cloudflare from $255.00 to $225.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 11th. BTIG Research reiterated a "buy" rating and set a $243.00 price objective on shares of Cloudflare in a research note on Friday. Zacks Research raised shares of Cloudflare from a "strong sell" rating to a "hold" rating in a report on Friday, March 13th. Susquehanna set a $190.00 target price on shares of Cloudflare in a research report on Thursday, February 12th. Finally, KeyCorp downgraded shares of Cloudflare from an "overweight" rating to a "hold" rating in a report on Wednesday, April 15th. Nineteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $233.12.

Insider Buying and Selling

In related news, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $187.39, for a total value of $6,573,641.20. Following the completion of the transaction, the insider owned 34,514 shares of the company's stock, valued at $6,467,578.46. This represents a 50.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $173.78, for a total transaction of $9,103,291.52. Following the completion of the sale, the chief executive officer owned 22,911 shares in the company, valued at $3,981,473.58. This represents a 69.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 638,766 shares of company stock worth $125,757,221 in the last three months. 10.89% of the stock is owned by corporate insiders.

Cloudflare Stock Performance

NYSE:NET opened at $196.56 on Friday. Cloudflare, Inc. has a twelve month low of $130.20 and a twelve month high of $260.00. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. The stock's 50-day simple moving average is $204.88 and its 200 day simple moving average is $200.83. The firm has a market capitalization of $69.18 billion, a PE ratio of -786.22 and a beta of 1.67.

Cloudflare (NYSE:NET - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.84% and a negative net margin of 3.72%.The firm had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The business's quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare reported first-quarter EPS of $0.25 and revenue of about $639.8 million, both above Wall Street expectations, with revenue up 33.5% year over year. Article Title
• Positive Sentiment: The company lifted its full-year 2026 outlook, signaling continued confidence in longer-term demand despite the post-earnings drop. Article Title
• Neutral Sentiment: Piper Sandler raised its price target to $250 and kept an Overweight rating, suggesting some analysts still see upside after the pullback. Article Title
• Neutral Sentiment: Cloudflare also highlighted AI as a major long-term growth driver and said it is shifting toward an AI-first operating model, which could improve efficiency over time. Article Title
• Negative Sentiment: The company said it will cut about 1,100 jobs, or roughly 20% of its workforce, as it restructures around AI, raising concerns about disruption and execution risk. Article Title
• Negative Sentiment: Investors were disappointed that Cloudflare’s near-term revenue guidance came in just below expectations, fueling fears that growth may slow as AI infrastructure costs pressure margins. Article Title

Cloudflare Company Profile

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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