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

Amova Asset Management Americas Inc. lowered its position in Cloudflare, Inc. (NYSE:NET) by 7.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 419,086 shares of the company’s stock after selling 33,017 shares during the period. Cloudflare comprises approximately 1.2% of Amova Asset Management Americas Inc.’s holdings, making the stock its 28th largest position. Amova Asset Management Americas Inc.’s holdings in Cloudflare were worth $86,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NET. HM Payson & Co. acquired a new stake in Cloudflare during the 4th quarter worth $25,000. Wiser Advisor Group LLC acquired a new position in Cloudflare in the third quarter valued at $26,000. Wexford Capital LP purchased a new stake in shares of Cloudflare in the third quarter valued at about $30,000. Brown Brothers Harriman & Co. raised its holdings in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after buying an additional 56 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Cloudflare during the fourth quarter worth about $35,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NET shares. Barclays raised their price target on Cloudflare from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $136.00 price objective on shares of Cloudflare in a research report on Wednesday, June 10th. Citizens Jmp boosted their target price on Cloudflare from $270.00 to $330.00 and gave the company a “market outperform” rating in a report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price target on shares of Cloudflare in a report on Thursday. Finally, Guggenheim reiterated a “sell” rating and issued a $140.00 price objective on shares of Cloudflare in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $256.74.

Insider Transactions at Cloudflare

In related news, CEO Matthew Prince sold 52,383 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $12,953,268.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $268.11, for a total transaction of $1,340,550.00. Following the transaction, the director owned 888,073 shares in the company, valued at $238,101,252.03. The trade was a 0.56% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 590,544 shares of company stock valued at $132,719,009. 10.66% of the stock is owned by company insiders.

Cloudflare Stock Down 1.9%

NET opened at $272.27 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $291.00. The stock has a market capitalization of $96.24 billion, a P/E ratio of -1,089.08, a P/E/G ratio of 283.00 and a beta of 1.67. The business has a 50 day simple moving average of $237.94 and a 200-day simple moving average of $210.52.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Cloudflare’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, equities analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current fiscal year.

About Cloudflare

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.