Cloudflare, Inc. $NET Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in shares of Cloudflare, Inc. (NYSE:NET) by 22.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,391,966 shares of the company’s stock after selling 406,147 shares during the quarter. Pictet Asset Management Holding SA owned 0.39% of Cloudflare worth $483,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NET. Andra AP fonden boosted its holdings in shares of Cloudflare by 44.5% in the second quarter. Andra AP fonden now owns 48,356 shares of the company’s stock worth $11,861,000 after buying an additional 14,900 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of Cloudflare during the 2nd quarter valued at $1,499,000. Insight Holdings Group LLC purchased a new stake in shares of Cloudflare in the 1st quarter worth $6,768,000. Independent Financial Group LLC purchased a new stake in shares of Cloudflare in the 1st quarter worth $3,484,000. Finally, Capula Management Ltd raised its stake in shares of Cloudflare by 97.1% in the first quarter. Capula Management Ltd now owns 13,526 shares of the company’s stock worth $2,791,000 after buying an additional 6,662 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas Seifert sold 12,500 shares of the stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $299.59, for a total value of $3,744,875.00. Following the transaction, the chief financial officer directly owned 104,958 shares of the company’s stock, valued at approximately $31,444,367.22. This represents a 10.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $348.29, for a total transaction of $11,494,614.87. Following the completion of the transaction, the insider owned 69,775 shares in the company, valued at approximately $24,301,934.75. This trade represents a 32.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 259,057 shares of company stock worth $79,516,905. 10.66% of the stock is currently owned by insiders.

Cloudflare Price Performance

Shares of NYSE NET opened at $269.20 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market cap of $95.15 billion, a PE ratio of -395.88, a P/E/G ratio of 208.12 and a beta of 1.37. The business has a 50-day simple moving average of $318.23 and a two-hundred day simple moving average of $249.77. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $370.35.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $782.51 million for the quarter, compared to the consensus estimate of $737.16 million. Cloudflare had a negative net margin of 8.75% and a negative return on equity of 5.98%. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. As a group, equities analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Third-quarter revenue rose 39.2% year over year to $782.5 million, beating estimates, while adjusted EPS of $0.38 also topped forecasts. The company cited strong enterprise demand and growing adoption of its developer platform. Cloudflare Q3 Earnings Beat Estimates on Robust Enterprise Demand
• Positive Sentiment: Cloudflare raised its 2026 outlook: full-year revenue guidance is about $3.0 billion and EPS guidance is $1.35, above consensus estimates. Fourth-quarter revenue guidance of $845 million–$846 million and EPS guidance of $0.43 also exceeded expectations. Why Cloudflare Stock Opened Higher Today
• Positive Sentiment: Further signs of AI-related momentum include Cloudflare’s first revenue from AI bot traffic and a developer base that doubled to 10 million. Analysts at Wolfe Research upgraded the shares to Outperform. Why Cloudflare Stock Opened Higher Today
• Neutral Sentiment: Analyst actions were mixed: Piper Sandler reaffirmed Overweight and raised its target, while Scotiabank, Needham and Cantor Fitzgerald lowered targets; the latter firms retained positive or neutral ratings. Scotiabank rating update
• Negative Sentiment: Some profitability measures lagged growth: gross margin faced pressure, free cash flow grew more slowly than revenue, and the GAAP operating loss widened. Cloudflare’s high valuation may make the stock sensitive to any slowdown or disappointment. Cloudflare Sales Up 39%, Gross Margin Falls

Wall Street Analyst Weigh In

NET has been the subject of a number of analyst reports. Stephens initiated coverage on Cloudflare in a research note on Tuesday. They issued an “overweight” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Thursday, October 15th. Guggenheim boosted their price objective on shares of Cloudflare from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. DZ Bank cut shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, TD Cowen lowered Cloudflare from a “buy” rating to a “hold” rating in a research note on Tuesday. Twenty-six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $332.82.

About Cloudflare

Cloudflare, Inc provides cloud-based services that help businesses and other organizations protect, connect and improve the performance of websites, applications and networks. Its global network delivers services including content delivery, domain name system management, and protection against distributed denial-of-service attacks and other cyber threats.

The company also offers web application security, bot management and Zero Trust services for securing access to applications and internal networks.