Leonteq Securities AG bought a new stake in Cloudflare, Inc. (NYSE:NET – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,172 shares of the company’s stock, valued at approximately $1,611,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its position in Cloudflare by 322.4% in the third quarter. Allianz Asset Management GmbH now owns 65,182 shares of the company’s stock valued at $13,987,000 after purchasing an additional 49,749 shares during the period. National Pension Service increased its position in shares of Cloudflare by 1.0% during the third quarter. National Pension Service now owns 618,662 shares of the company’s stock worth $132,759,000 after acquiring an additional 5,939 shares during the period. Trek Financial LLC purchased a new stake in shares of Cloudflare during the fourth quarter worth $1,793,000. Massachusetts Financial Services Co. MA increased its position in shares of Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after acquiring an additional 336,768 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Cloudflare by 20.1% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 170,186 shares of the company’s stock worth $36,520,000 after acquiring an additional 28,495 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.
Cloudflare Stock Performance
Shares of NET stock opened at $212.47 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a fifty day moving average price of $207.63 and a 200 day moving average price of $199.23. The company has a market cap of $75.10 billion, a P/E ratio of -849.88 and a beta of 1.67. Cloudflare, Inc. has a 12 month low of $154.93 and a 12 month high of $260.00.
Insiders Place Their Bets
In related news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $173.78, for a total transaction of $9,103,291.52. Following the completion of the transaction, the chief executive officer owned 22,911 shares in the company, valued at approximately $3,981,473.58. The trade was a 69.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $189.50, for a total transaction of $4,858,969.50. Following the transaction, the insider owned 34,514 shares of the company’s stock, valued at approximately $6,540,403. The trade was a 42.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 655,550 shares of company stock valued at $131,181,924. Insiders own 10.89% of the company’s stock.
Analysts Set New Price Targets
NET has been the topic of a number of recent research reports. Mizuho cut their price objective on Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. BTIG Research reaffirmed a “buy” rating and set a $243.00 price objective on shares of Cloudflare in a research report on Friday, May 8th. Guggenheim upped their price objective on Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research report on Wednesday, February 11th. Susquehanna upped their price objective on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, DZ Bank raised Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Friday, February 13th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.68.
Check Out Our Latest Report on NET
Cloudflare News Roundup
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Cloudflare’s partnership with Anthropic to launch Cloudflare Environments for Claude Managed Agents is being viewed as a meaningful step into AI infrastructure, which could support future revenue growth and broader platform adoption. Cloudflare (NET) Stock Trades Up, Here Is Why
- Positive Sentiment: Recent coverage continues to frame Cloudflare as an AI and big-data beneficiary, with sector interest in cloud and cybersecurity names helping sentiment around the stock. Invest in These 5 Big Data Behemoths to Gain From Wall Street Rally
- Neutral Sentiment: Cloudflare’s latest earnings report was solid, beating estimates on both EPS and revenue, but the market reaction has been mixed as investors weigh strong growth against ongoing losses and rich valuation.
- Neutral Sentiment: Several analysts remain constructive overall, with a consensus Moderate Buy rating, though opinions are still split and some firms continue to advise caution.
- Negative Sentiment: CEO Matthew Prince and CAO Janel Riley both filed stock sales, and CFO Thomas J. Seifert also sold shares. Even though these were pre-planned 10b5-1 transactions, insider selling can still create short-term pressure on the stock.
About Cloudflare
Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.
In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.
Read More
- Five stocks we like better than Cloudflare
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Want to see what other hedge funds are holding NET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cloudflare, Inc. (NYSE:NET – Free Report).
Receive News & Ratings for Cloudflare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudflare and related companies with MarketBeat.com's FREE daily email newsletter.
