Amova Asset Management Americas Inc. Cuts Position in Cloudflare, Inc. $NET

Amova Asset Management Americas Inc. reduced its stake in shares of Cloudflare, Inc. (NYSE:NET) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 452,103 shares of the company’s stock after selling 75,198 shares during the period. Amova Asset Management Americas Inc.’s holdings in Cloudflare were worth $89,123,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wiser Advisor Group LLC purchased a new stake in Cloudflare in the third quarter valued at approximately $26,000. Wexford Capital LP purchased a new stake in shares of Cloudflare during the third quarter worth $30,000. Ameriflex Group Inc. increased its position in shares of Cloudflare by 105.6% during the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after acquiring an additional 76 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after acquiring an additional 56 shares during the period. Finally, Rachor Investment Advisory Services LLC purchased a new stake 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 4.8%

Shares of Cloudflare stock opened at $235.88 on Wednesday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $276.82. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The stock has a market cap of $83.38 billion, a PE ratio of -943.50, a price-to-earnings-growth ratio of 4,156.04 and a beta of 1.70. The company has a 50-day moving average of $214.74 and a two-hundred day moving average of $201.01.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the prior 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.

Analyst Ratings Changes

NET has been the subject of a number of analyst reports. Susquehanna boosted their target price on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. BTIG Research reiterated a “buy” rating and set a $243.00 target price on shares of Cloudflare in a research note on Friday, May 8th. Wells Fargo & Company boosted their target price on shares of Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Piper Sandler reiterated an “overweight” rating and set a $250.00 target price (up from $222.00) on shares of Cloudflare in a research note on Friday, May 8th. Finally, Guggenheim boosted their target price on shares of Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research note on Wednesday, February 11th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.08.

Insiders Place Their Bets

In related news, CFO Thomas J. Seifert sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $200.61, for a total transaction of $2,006,100.00. Following the sale, the chief financial officer owned 212,014 shares in the company, valued at approximately $42,532,128.54. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $211.83, for a total transaction of $5,431,533.03. Following the completion of the transaction, the insider owned 47,425 shares in the company, valued at approximately $10,046,037.75. This trade represents a 35.09% decrease in their position. 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 ninety days, insiders sold 527,784 shares of company stock valued at $111,803,817. Corporate insiders own 10.89% of the company’s stock.

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.