Cloudflare, Inc. $NET Stock Holdings Lifted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Cloudflare, Inc. (NYSE:NET) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,397 shares of the company’s stock after acquiring an additional 2,406 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Cloudflare were worth $11,598,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NET. Jennison Associates LLC increased its holdings in Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. Swedbank AB boosted its stake in Cloudflare by 697.5% in the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after purchasing an additional 811,297 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Cloudflare in the second quarter worth $75,595,000. USS Investment Management Ltd boosted its stake in Cloudflare by 452.3% in the first quarter. USS Investment Management Ltd now owns 296,322 shares of the company’s stock worth $61,156,000 after purchasing an additional 242,668 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Cloudflare by 17.6% during 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 last quarter. 82.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NET shares. Raymond James Financial assumed coverage on Cloudflare in a research note on Tuesday, July 7th. They issued a “strong-buy” rating for the company. Susquehanna upped their price target on shares of Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Truist Financial upped their price target on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. UBS Group increased their price objective on shares of Cloudflare from $250.00 to $350.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Robert W. Baird set a $330.00 price objective on shares of Cloudflare in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $330.59.

Cloudflare Stock Performance

NET stock opened at $291.79 on Wednesday. The company has a 50 day moving average price of $318.95 and a 200 day moving average price of $265.73. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market capitalization of $103.14 billion, a PE ratio of -503.08, a price-to-earnings-growth ratio of 236.68 and a beta of 1.65.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. 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 forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Activity

In related news, CFO Thomas J. Seifert sold 55,000 shares of Cloudflare stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the completion of the sale, the chief financial officer directly owned 113,790 shares in the company, valued at $34,171,137. This trade represents a 32.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $283.42, for a total value of $14,846,389.86. 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 476,339 shares of company stock valued at $143,439,267 over the last 90 days. 10.66% of the stock is owned by company insiders.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Analyst support remains favorable: Stifel reiterated its Buy rating, citing opportunities across Cloudflare’s business lines, while TD Cowen raised its price target to $375. These calls suggest analysts continue to see upside despite recent volatility. Stifel Buy Rating TD Cowen Price Target
• Positive Sentiment: Developer and AI adoption are potential growth catalysts: More than 10 million developers are reportedly building on Cloudflare, while the company expanded partnerships for its AI Workspace platform. Investors may view this ecosystem growth as support for future Workers, enterprise AI and agentic-workload revenue. Cloudflare Developer Growth Cloudflare AI Workspace Partnerships
• Neutral Sentiment: Investor attention is elevated: Recent coverage highlights Cloudflare’s approximately 45% six-month return and strong prior operating momentum, including 35.9% year-over-year quarterly revenue growth and an earnings beat. However, heightened attention can also amplify short-term trading volatility. Zacks Cloudflare Investor Attention
• Negative Sentiment: Valuation remains a major risk: Cloudflare trades at roughly 41.8 times sales despite reporting a net loss. The recent 15% weekly decline reflects concern that expectations for Workers and AI growth may already be priced into the stock, increasing sensitivity to execution and guidance. Cloudflare Valuation Analysis
• Negative Sentiment: Insider selling may weigh on sentiment: CFO Thomas Seifert sold 12,500 shares for about $3.7 million, and director Carl Ledbetter sold 5,000 shares for approximately $1.5 million. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as standalone bearish signals but still adding pressure while the stock is volatile. Cloudflare Insider Sales

Cloudflare Company Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.