Andra AP fonden Decreases Position in Cloudflare, Inc. $NET

Andra AP fonden decreased its holdings in Cloudflare, Inc. (NYSE:NET) by 30.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 33,456 shares of the company’s stock after selling 14,475 shares during the quarter. Andra AP fonden’s holdings in Cloudflare were worth $6,903,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. HM Payson & Co. acquired a new position in Cloudflare during the 4th quarter worth approximately $25,000. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare in the 3rd quarter valued at $26,000. Wexford Capital LP acquired a new stake in shares of Cloudflare in the 3rd quarter valued at $30,000. Brown Brothers Harriman & Co. lifted its position in shares of Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new position in shares of Cloudflare during the fourth quarter worth $35,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Trading Down 1.3%

NET opened at $268.86 on Thursday. The firm has a market cap of $95.04 billion, a price-to-earnings ratio of -1,075.46, a price-to-earnings-growth ratio of 277.55 and a beta of 1.67. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $291.00. The business’s 50 day moving average is $241.16 and its two-hundred day moving average is $211.56. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. 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, research analysts predict that Cloudflare, Inc. will post 0.02 EPS for the current year.

Analyst Upgrades and Downgrades

NET has been the topic of several recent analyst reports. Citigroup reissued a “market outperform” rating on shares of Cloudflare in a report on Monday. Raymond James Financial assumed coverage on Cloudflare in a research note on Tuesday, July 7th. They set a “strong-buy” rating for the company. Deutsche Bank Aktiengesellschaft raised Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Truist Financial increased their price target on shares of Cloudflare from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Benchmark cut shares of Cloudflare to an “underperform” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and an average price target of $258.59.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the sale, the insider directly owned 47,425 shares of the company’s stock, valued at approximately $10,148,001.50. This represents a 42.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction 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. Insiders have sold a total of 564,903 shares of company stock worth $127,356,194 over the last three months. 10.66% 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.