Cloudflare, Inc. $NET Shares Sold by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. lowered its stake in Cloudflare, Inc. (NYSE:NET) by 15.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 527,301 shares of the company’s stock after selling 97,178 shares during the period. Cloudflare makes up approximately 1.1% of Amova Asset Management Americas Inc.’s portfolio, making the stock its 24th largest position. Amova Asset Management Americas Inc.’s holdings in Cloudflare were worth $113,085,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NET. Norges Bank acquired a new stake in shares of Cloudflare during the second quarter valued at $541,462,000. Groupama Asset Managment purchased a new position in Cloudflare in the 2nd quarter valued at about $225,204,000. Vanguard Group Inc. boosted its stake in shares of Cloudflare by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock worth $6,934,958,000 after purchasing an additional 821,684 shares during the last quarter. KBC Group NV grew its holdings in shares of Cloudflare by 1,388.7% during the second quarter. KBC Group NV now owns 736,153 shares of the company’s stock worth $144,161,000 after buying an additional 686,702 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Cloudflare in the third quarter valued at approximately $138,660,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NET shares. Citigroup raised their target price on shares of Cloudflare from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Robert W. Baird set a $260.00 price objective on Cloudflare and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Needham & Company LLC dropped their target price on Cloudflare from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Susquehanna set a $190.00 price target on Cloudflare in a research note on Thursday, February 12th. Finally, Oppenheimer assumed 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. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $230.70.

Insiders Place Their Bets

In related news, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $187.39, for a total transaction of $6,573,641.20. Following the completion of the sale, the insider directly owned 34,514 shares of the company’s stock, valued at approximately $6,467,578.46. This trade represents a 50.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $201.23, for a total transaction of $10,541,232.32. The SEC filing for this sale provides additional information. Insiders sold a total of 555,262 shares of company stock worth $104,705,441 in the last 90 days. 10.89% of the stock is owned by company insiders.

Cloudflare Stock Up 4.0%

Shares of NYSE NET opened at $186.06 on Thursday. The stock has a fifty day moving average price of $184.65 and a 200 day moving average price of $202.60. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.35. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The company has a market cap of $65.17 billion, a P/E ratio of -641.56 and a beta of 1.98.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The company had revenue of $614.51 million for the quarter, compared to analysts’ expectations of $591.67 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The firm’s quarterly revenue was up 33.6% on a year-over-year basis. Research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced what it calls the industry’s first full SASE platform with integrated post‑quantum encryption and published a 2026 Threat Intelligence Report showing new, large-scale attacker behaviors; investors view this as validation of Cloudflare One as a strategic growth and differentiation driver in security. Cloudflare’s Quantum Ready SASE And Threat Report Reshape Security Outlook Cloudflare 2026 Threat Intelligence Report
• Positive Sentiment: Cloudflare filed a large shelf registration tied to employee stock plans (~21M Class A shares / US$3.63B cap), which the market interpreted as enabling compensation to attract and retain talent for next‑generation security work — a near-term catalyst for investor optimism about execution on new products. Cloudflare (NET) Is Up 9.2% After Expanding Post-Quantum SASE And Employee Equity Capacity – Has The Bull Case Changed?
• Neutral Sentiment: Management is engaging with investors — Cloudflare presented at the Morgan Stanley TMT conference (transcript available). These events boost transparency and can support multiple quarters of execution but are not immediate revenue drivers. Cloudflare, Inc. (NET) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Neutral Sentiment: Wall Street sentiment remains broadly bullish (average analyst rating = Buy). That supports valuation momentum but also means expectations are high; routine analyst coverage pieces are less likely to move the stock materially absent surprises. Is It Worth Investing in Cloudflare (NET) Based on Wall Street’s Bullish Views? Is It Worth Investing in Cloudflare (NET) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Regulatory/legal overhang: reports say CEO Matthew Prince was summoned by a Spanish court in an investigation into illegal soccer broadcasting. This creates near‑term headline risk and could lead to further scrutiny; investors may re‑price governance/legal risk if the situation develops. Cloudflare’s CEO summoned as suspect in Spanish football rights case: report Market Chatter: Cloudflare CEO Summoned by Spanish Court in Investigation Into Illegal Soccer Broadcasting

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.