Cloudflare, Inc. $NET Shares Sold by Davis Rea LTD.

Davis Rea LTD. reduced its position in Cloudflare, Inc. (NYSE:NET) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 68,374 shares of the company’s stock after selling 5,010 shares during the quarter. Cloudflare makes up approximately 6.8% of Davis Rea LTD.’s investment portfolio, making the stock its 6th biggest position. Davis Rea LTD.’s holdings in Cloudflare were worth $23,745,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GK Wealth Management LLC purchased a new position in Cloudflare in the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC grew its stake in Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after buying an additional 47 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in Cloudflare during the second quarter worth approximately $30,000. CX Institutional increased its position in shares of Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Cloudflare in the second quarter worth $33,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Activity

In other Cloudflare news, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $348.29, for a total value of $11,494,614.87. Following the transaction, the insider owned 69,775 shares in the company, valued at $24,301,934.75. The trade was a 32.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $353.15, for a total transaction of $1,765,750.00. Following the completion of the transaction, 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. 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 quarter, insiders sold 458,839 shares of company stock worth $138,172,392. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Stock Down 0.7%

Shares of NYSE NET traded down $2.49 during trading on Tuesday, reaching $348.38. 1,745,503 shares of the stock were exchanged, compared to its average volume of 4,064,003. The business’s 50-day moving average price is $317.39 and its 200 day moving average price is $261.27. 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. The company has a market capitalization of $123.14 billion, a price-to-earnings ratio of -600.66, a price-to-earnings-growth ratio of 287.06 and a beta of 1.65.

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

Wall Street Analyst Weigh In

NET has been the topic of several recent research reports. BTIG Research lifted their target price on shares of Cloudflare from $382.00 to $413.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Truist Financial increased their price target on Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a report on Friday, July 17th. UBS Group raised their price objective on Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group set a $350.00 price objective on Cloudflare in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $330.59.

About Cloudflare

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.