Nykredit A S Buys Shares of 119,162 Cloudflare, Inc. $NET

Key Points

• Nykredit A/S acquired 119,162 Cloudflare shares in the second quarter, valued at approximately $29.2 million. Institutional investors and hedge funds collectively own 82.68% of the company.
• Cloudflare reported quarterly revenue of $696.1 million, up 35.9% year over year, and EPS of $0.29, exceeding analyst expectations. The company issued fiscal 2026 EPS guidance of $1.25–$1.26.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $321.85 price target, although insiders sold 647,442 shares worth about $173.8 million over the past three months.

Nykredit A S bought a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 119,162 shares of the company's stock, valued at approximately $29,228,000.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Financial Management LLC boosted its position in Cloudflare by 65.3% in the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company's stock valued at $29,000 after buying an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Cloudflare during the 2nd quarter worth $30,000. CX Institutional grew its position in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company's stock worth $33,000 after acquiring an additional 44 shares during the last quarter. Cape Investment Advisory Inc. acquired a new position in Cloudflare in the 2nd quarter worth about $33,000. Finally, Ancora Advisors LLC bought a new position in Cloudflare in the second quarter valued at about $33,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Performance

Shares of NET opened at $323.18 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 firm's fifty day simple moving average is $292.04 and its two-hundred day simple moving average is $244.53. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $338.00. The stock has a market capitalization of $114.23 billion, a P/E ratio of -557.21, a price-to-earnings-growth ratio of 265.60 and a beta of 1.66.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $664.66 million. During the same period in the previous year, the business earned $0.21 EPS. The firm's revenue was up 35.9% compared to the same quarter last year. 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, analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NET. Weiss Ratings reissued a "sell (d-)" rating on shares of Cloudflare in a research note on Friday, July 17th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $394.00 price objective on shares of Cloudflare in a research note on Monday, August 31st. Jefferies Financial Group set a $350.00 target price on shares of Cloudflare in a research report on Friday, August 7th. Truist Financial upped their price target on shares of Cloudflare from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded shares of Cloudflare from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $321.85.

Insiders Place Their Bets

In other news, CFO Thomas Seifert sold 55,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the completion of the sale, the chief financial officer owned 113,790 shares of the company's stock, valued at $34,171,137. This trade represents a 32.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of Cloudflare 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 completion of the sale, the insider owned 69,775 shares of the company's stock, valued at $20,557,808.25. This represents a 32.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 647,442 shares of company stock worth $173,812,433. Corporate insiders own 10.66% of the company's stock.

Cloudflare Company Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company's offerings include content delivery and 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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