Teamwork Financial Advisors LLC trimmed its position in Cloudflare, Inc. (NYSE:NET – Free Report) by 79.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,355 shares of the company’s stock after selling 5,396 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Cloudflare were worth $332,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of NET. Lingotto Investment Management LLP acquired a new stake in shares of Cloudflare in the fourth quarter worth approximately $34,626,000. Jupiter Asset Management Ltd. raised its stake in Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after purchasing an additional 188,226 shares during the last quarter. Trek Financial LLC acquired a new position in Cloudflare in the 4th quarter valued at $1,793,000. Massachusetts Financial Services Co. MA lifted its holdings in Cloudflare by 25.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after purchasing an additional 336,768 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Cloudflare by 17.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after purchasing an additional 206,506 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.
Cloudflare News Summary
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
- Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
- Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
- Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
- Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
- Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on NET
Insiders Place Their Bets
In other Cloudflare news, CFO Thomas J. Seifert sold 55,000 shares of Cloudflare stock in a transaction on 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 sale, the chief financial officer owned 113,790 shares in the company, valued at $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 33,631 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $296.10, for a total value of $9,958,139.10. 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 sold 749,532 shares of company stock worth $183,882,628 in the last three months. 10.66% of the stock is owned by insiders.
Cloudflare Stock Performance
Cloudflare stock opened at $301.00 on Friday. The firm has a 50 day simple moving average of $257.02 and a 200-day simple moving average of $218.84. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $324.73. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market cap of $106.39 billion, a price-to-earnings ratio of -518.96, a price-to-earnings-growth ratio of 212.72 and a beta of 1.65.
Cloudflare (NYSE:NET – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.99%. The business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same quarter last year, the firm earned $0.21 EPS. The business’s revenue was up 35.9% compared to the same quarter last year. On average, analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.
Cloudflare Company Profile
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.
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