Susquehanna Fundamental Investments LLC Buys Shares of 17,961 Cloudflare, Inc. $NET

Key Points

• Susquehanna Fundamental Investments acquired 17,961 Cloudflare shares worth approximately $4.4 million in the second quarter. Institutional investors and hedge funds collectively own 82.68% of the company.
• Cloudflare reported quarterly EPS of $0.29, beating estimates of $0.27, while revenue rose 35.9% year over year to $696.06 million. The company continues to report negative net margins despite strong growth.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $320.19. However, insiders sold 640,531 shares worth about $168.5 million over the past 90 days.

Susquehanna Fundamental Investments LLC bought a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,961 shares of the company's stock, valued at approximately $4,405,000.

Several other large investors have also modified their holdings of NET. Empowered Funds LLC lifted its stake in shares of Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company's stock worth $750,000 after purchasing an additional 1,696 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Cloudflare in the second quarter valued at $424,000. Cerity Partners LLC grew its position in shares of Cloudflare by 30.1% in the second 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. increased its stake in Cloudflare by 40.1% in the second 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 last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Cloudflare by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company's stock worth $3,224,000 after buying an additional 2,093 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89. Following the transaction, the insider owned 69,775 shares of the company's stock, valued at $20,557,808.25. The trade was a 32.11% decrease in their position. 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 52,422 shares of Cloudflare stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. 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. In the last ninety days, insiders sold 640,531 shares of company stock valued at $168,474,753. 10.66% of the stock is owned by corporate insiders.

Cloudflare Price Performance

Shares of NYSE NET opened at $306.30 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. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $332.22. The business has a 50 day moving average price of $276.18 and a two-hundred day moving average price of $232.91. The firm has a market cap of $108.27 billion, a PE ratio of -528.10, a price-to-earnings-growth ratio of 184.12 and a beta of 1.65.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm's revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous 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. Sell-side analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Cloudflare in a research note on Friday, July 17th. Needham & Company LLC upped their price target on shares of Cloudflare from $280.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Stifel Nicolaus set a $260.00 price target on shares of Cloudflare in a report on Friday, May 8th. Mizuho boosted their price objective on shares of Cloudflare from $260.00 to $310.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Finally, Morgan Stanley restated an "overweight" rating and set a $370.00 price objective on shares of Cloudflare in a report on Friday, August 7th. One equities research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Cloudflare has a consensus rating of "Moderate Buy" and an average target price of $320.19.

Cloudflare 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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