Cloudflare, Inc. $NET Stock: International Assets Investment Management LLC Boosts Position

International Assets Investment Management LLC lifted its position in Cloudflare, Inc. (NYSE:NET) by 4,348.4% in the 3rd quarter, Holdings Channel reports. The fund owned 150,000 shares of the company’s stock after acquiring an additional 146,628 shares during the quarter. International Assets Investment Management LLC’s holdings in Cloudflare were worth $52,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Flagship Harbor Advisors LLC boosted its position in shares of Cloudflare by 2.7% during the third quarter. Flagship Harbor Advisors LLC now owns 1,238 shares of the company’s stock valued at $430,000 after purchasing an additional 33 shares in the last quarter. Financial Management Professionals Inc. grew its stake in Cloudflare by 6.1% in the third quarter. Financial Management Professionals Inc. now owns 623 shares of the company’s stock worth $216,000 after purchasing an additional 36 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Cloudflare by 31.2% in the third quarter. Armstrong Advisory Group Inc. now owns 164 shares of the company’s stock worth $57,000 after purchasing an additional 39 shares in the last quarter. CX Institutional raised its holdings in Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its position in Cloudflare by 4.2% during the third quarter. Wedbush Securities Inc. now owns 1,095 shares of the company’s stock valued at $380,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In related news, CEO Matthew Prince sold 52,383 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $283.42, for a total transaction of $14,846,389.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the sale, the insider owned 69,775 shares of the company’s stock, valued at approximately $20,557,808.25. This represents a 32.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 476,339 shares of company stock valued at $143,439,267 in the last quarter. 10.66% of the stock is owned by insiders.

Cloudflare Stock Down 9.8%

NET stock opened at $279.86 on Friday. The business has a 50 day moving average of $320.77 and a 200 day moving average of $247.79. The firm has a market cap of $98.92 billion, a PE ratio of -482.52, a price-to-earnings-growth ratio of 246.79 and a beta of 1.65. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $370.35. 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 released its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The business had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NET shares. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Scotiabank increased their price target on shares of Cloudflare from $300.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Raymond James Financial began coverage on shares of Cloudflare in a research report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Citizens Jmp reissued a “market outperform” rating and set a $394.00 price objective on shares of Cloudflare in a research note on Monday, August 31st. Finally, KeyCorp boosted their price objective on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $333.70.

Cloudflare 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.