Cloudflare, Inc. $NET Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel trimmed its position in shares of Cloudflare, Inc. (NYSE:NET) by 14.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 153,033 shares of the company’s stock after selling 25,285 shares during the quarter. Carnegie Investment Counsel’s holdings in Cloudflare were worth $32,839,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NET. Norges Bank purchased a new stake in shares of Cloudflare in the 2nd quarter worth about $541,462,000. Groupama Asset Managment acquired a new position in Cloudflare during the second quarter worth about $225,204,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after acquiring an additional 786,063 shares during the last quarter. KBC Group NV lifted its holdings in shares of Cloudflare by 1,388.7% in the second quarter. KBC Group NV now owns 736,153 shares of the company’s stock valued at $144,161,000 after purchasing an additional 686,702 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Cloudflare by 2.1% in the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after purchasing an additional 658,656 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Down 0.0%

Shares of Cloudflare stock opened at $202.56 on Friday. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two week high of $260.00. The business’s fifty day moving average is $210.20 and its two-hundred day moving average is $205.23. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a market cap of $70.95 billion, a PE ratio of -675.21 and a beta of 1.94.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm had revenue of $562.03 million during the quarter, compared to analyst estimates of $544.65 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Oppenheimer began coverage on shares of Cloudflare in a research note on Monday, November 10th. They set an “outperform” rating and a $260.00 price objective for the company. Cantor Fitzgerald increased their target price on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. UBS Group raised their price target on Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Argus upped their price objective on Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Piper Sandler increased their price objective on Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average target price of $234.78.

Insider Activity

In other news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $215.51, for a total transaction of $11,289,275.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michelle Zatlyn sold 35,099 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the completion of the sale, the insider owned 24,555 shares of the company’s stock, valued at approximately $4,892,829.30. The trade was a 58.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 628,079 shares of company stock valued at $128,603,861 in the last 90 days. 10.89% of the stock is currently owned by insiders.

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.