UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Cloudflare, Inc. (NYSE:NET – Free Report) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,418,577 shares of the company’s stock after selling 125,466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.68% of Cloudflare worth $593,229,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. HM Payson & Co. bought a new stake in Cloudflare in the fourth quarter valued at about $25,000. Wiser Advisor Group LLC acquired a new position in Cloudflare during the 3rd quarter valued at about $26,000. C M Bidwell & Associates Ltd. acquired a new position in Cloudflare during the 2nd quarter worth $30,000. Wexford Capital LP acquired a new position in Cloudflare during the 3rd quarter worth $30,000. Finally, CX Institutional lifted its stake in shares of Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 44 shares during the period. Institutional investors own 82.68% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on NET. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Friday, July 17th. Barclays boosted their target price on shares of Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Truist Financial upped their target price on Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 7th. Guggenheim increased their price objective on Cloudflare from $140.00 to $160.00 and gave the stock a “sell” rating in a report on Friday, August 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $370.00 price objective on shares of Cloudflare in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and an average price target of $320.19.
Insider Transactions at Cloudflare
In other news, CEO Matthew Prince sold 52,422 shares of Cloudflare stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, August 19th. The shares were sold at an average price of $294.63, for a total value 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. The trade was 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. Over the last ninety days, insiders have sold 640,531 shares of company stock worth $168,474,753. Company insiders own 10.66% of the company’s stock.
Cloudflare Price Performance
NYSE NET opened at $299.69 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The company has a fifty day simple moving average of $274.42 and a 200 day simple moving average of $232.02. The company has a market cap of $105.93 billion, a P/E ratio of -516.71, a P/E/G ratio of 184.12 and a beta of 1.65. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22.
Cloudflare (NYSE:NET – Get Free Report) last announced 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. The firm had revenue of $696.06 million for 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. 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, sell-side analysts predict 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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