2,257 Cloudflare, Inc. $NET Shares Purchased by Chicago Partners Investment Group LLC

Posted by Brenda Bartman on Nov 7th, 2026

Chicago Partners Investment Group LLC lifted its stake in shares of Cloudflare, Inc. (NYSE:NET – Free Report) by 33.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,059 shares of the company’s stock after purchasing an additional 2,257 shares during the period. Chicago Partners Investment Group LLC’s holdings in Cloudflare were worth $2,951,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC grew its position in shares of Cloudflare by 2.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,238 shares of the company’s stock valued at $430,000 after purchasing an additional 33 shares in the last quarter. Financial Management Professionals Inc. increased its stake in Cloudflare by 6.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 623 shares of the company’s stock worth $216,000 after purchasing an additional 36 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Cloudflare by 31.2% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 164 shares of the company’s stock valued at $57,000 after buying an additional 39 shares during the last quarter. CX Institutional boosted its holdings in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares during the period. Finally, Wedbush Securities Inc. lifted its holdings in Cloudflare by 4.2% in the 3rd quarter. Wedbush Securities Inc. now owns 1,095 shares of the company’s stock worth $380,000 after buying an additional 44 shares during the period. 82.68% of the stock is owned by institutional investors.

Key Headlines Impacting 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

Insider Activity

In other Cloudflare news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $304.40, for a total value of $1,522,000.00. Following the completion of the transaction, the director directly owned 868,073 shares of the company’s stock, valued at $264,241,421.20. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 company’s stock in a transaction dated 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 of the company’s stock, 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. Insiders have sold 259,057 shares of company stock worth $79,516,905 over the last ninety days. 10.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NET shares. TD Cowen cut Cloudflare from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Barclays upped their price objective on Cloudflare from $355.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. DZ Bank downgraded shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Raymond James Financial cut Cloudflare from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday. Twenty-six analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.82.

Check Out Our Latest Stock Report on NET

Cloudflare Price Performance

NYSE:NET opened at $269.20 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35. The company has a 50 day moving average price of $318.23 and a 200-day moving average price of $249.77. The firm has a market cap of $95.15 billion, a price-to-earnings ratio of -395.88, a price-to-earnings-growth ratio of 210.90 and a beta of 1.37.

Cloudflare (NYSE:NET – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 3.88% and a negative net margin of 8.21%. The firm’s revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. Equities research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Cloudflare Profile

(Free Report)

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.