Artemis Investment Management LLP Raises Position in Cloudflare, Inc. $NET

Artemis Investment Management LLP boosted its position in Cloudflare, Inc. (NYSE:NET) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,057 shares of the company’s stock after buying an additional 7,175 shares during the quarter. Artemis Investment Management LLP’s holdings in Cloudflare were worth $36,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pictet Asset Management Holding SA lifted its holdings in Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after purchasing an additional 206,506 shares during the period. Insight Holdings Group LLC bought a new stake in shares of Cloudflare during the 1st quarter worth about $6,768,000. Plato Investment Management Ltd acquired a new stake in shares of Cloudflare in the 2nd quarter worth approximately $1,499,000. Independent Financial Group LLC acquired a new stake in shares of Cloudflare in the 1st quarter worth approximately $3,484,000. Finally, Capula Management Ltd boosted its holdings in shares of Cloudflare by 97.1% in the first quarter. Capula Management Ltd now owns 13,526 shares of the company’s stock valued at $2,791,000 after acquiring an additional 6,662 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $353.15, for a total transaction of $1,765,750.00. Following the sale, the director directly owned 873,073 shares of the company’s stock, valued at approximately $308,325,729.95. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 10,000 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $332.46, for a total value of $3,324,600.00. Following the completion of the sale, the chief financial officer owned 107,902 shares in the company, valued at $35,873,098.92. This trade represents a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 458,839 shares of company stock valued at $138,172,392 in the last 90 days. Insiders own 10.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler boosted their target price on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. DZ Bank downgraded Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. KeyCorp upped their price objective on Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $340.00 target price on shares of Cloudflare in a research note on Monday. Finally, TD Cowen boosted their price target on shares of Cloudflare from $300.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and an average price target of $326.33.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Basin could become a new growth driver. Cloudflare’s newly launched data platform supports serverless analytics and AI workloads, uses open data formats, and avoids cross-cloud transfer fees. The product could expand Cloudflare’s addressable market and improve the economics of managing data for AI applications. Cloudflare’s Data Platform Expands: Is Basin the Next Growth Driver?
• Positive Sentiment: Investors continue to view Cloudflare as an AI-traffic beneficiary. Commentary highlighted the company’s positioning as AI agents generate more internet traffic, with Cloudflare’s network performance and security services potentially benefiting from that structural trend. Jim Cramer Loves Cloudflare, but There’s a Catch
• Positive Sentiment: Recent operating results support the growth narrative. Cloudflare’s latest reported revenue rose 35.9% year over year to approximately $696.1 million, exceeding estimates, while adjusted EPS also topped consensus. Management guided to $0.34 in third-quarter 2026 EPS and $1.25–$1.26 for the full year.
• Neutral Sentiment: Analyst sentiment remains broadly favorable, but investors are urged to be selective. The average brokerage recommendation is equivalent to Buy, although the report cautions that optimistic sell-side ratings may be less informative for a richly valued growth stock. Brokers Suggest Investing in Cloudflare
• Negative Sentiment: Valuation is a significant risk. Cloudflare has rallied about 28% over the past month and trades at exceptionally high growth multiples, prompting Jim Cramer to praise its AI potential while cautioning against buying at the current valuation. Further gains may therefore depend on continued execution and accelerating earnings growth. Jim Cramer Loves Cloudflare, but There’s a Catch
• Negative Sentiment: Insider selling adds a cautionary signal. Co-founder and President Michelle Zatlyn sold 33,003 shares each on October 5 and October 7 for roughly $23.1 million combined, reducing her holdings by 32.11%. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan, which lessens their significance as a discretionary bearish signal, but the sales can still weigh on sentiment.

Cloudflare Stock Performance

Shares of NET stock traded up $1.52 during trading hours on Thursday, reaching $344.49. 1,041,552 shares of the company’s stock were exchanged, compared to its average volume of 4,088,322. The stock has a market capitalization of $121.77 billion, a P/E ratio of -593.86, a P/E/G ratio of 282.35 and a beta of 1.65. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. The business has a fifty day moving average price of $313.26 and a 200-day moving average price of $258.43. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same period last year, the business posted $0.21 EPS. The business’s quarterly revenue was up 35.9% on a year-over-year basis. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Cloudflare Company Profile

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.