Cloudflare, Inc. $NET Holdings Trimmed by Western Financial Corp CA

by · The Markets Daily

Western Financial Corp CA reduced its stake in shares of Cloudflare, Inc. (NYSE:NET – Free Report) by 24.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,858 shares of the company’s stock after selling 1,546 shares during the quarter. Western Financial Corp CA’s holdings in Cloudflare were worth $1,687,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Jennison Associates LLC raised its stake in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after acquiring an additional 1,365,598 shares in the last quarter. Swedbank AB grew its position in Cloudflare by 697.5% during the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after acquiring an additional 811,297 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Cloudflare during the 2nd quarter worth approximately $75,595,000. Finally, USS Investment Management Ltd grew its position in Cloudflare by 452.3% during the 1st quarter. USS Investment Management Ltd now owns 296,322 shares of the company’s stock worth $61,156,000 after acquiring an additional 242,668 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Price Performance

Shares of NET traded down $23.54 during mid-day trading on Wednesday, hitting $324.16. 3,717,739 shares of the company traded hands, compared to its average volume of 4,062,239. 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 stock has a market capitalization of $114.58 billion, a price-to-earnings ratio of -558.90, a PEG ratio of 279.06 and a beta of 1.65. The business has a 50-day moving average of $318.34 and a 200 day moving average of $262.18. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $370.35.

Cloudflare (NYSE:NET – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. During the same quarter in the previous year, the company posted $0.21 EPS. Cloudflare’s revenue was up 35.9% on a year-over-year basis. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, equities analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at Cloudflare

In other news, insider Alissa Michelle Starzak sold 2,538 shares of Cloudflare stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total value of $773,277.84. Following the completion of the sale, the insider directly owned 112,082 shares of the company’s stock, valued at approximately $34,149,143.76. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 10,000 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $332.46, for a total value of $3,324,600.00. Following the sale, the chief financial officer owned 107,902 shares of the company’s stock, valued at approximately $35,873,098.92. The trade was a 8.48% 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 sold a total of 458,839 shares of company stock valued at $138,172,392 over the last quarter. Corporate insiders own 10.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NET shares. Needham & Company LLC raised their price target on Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a report on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of Cloudflare in a report on Monday, August 31st. Wall Street Zen cut Cloudflare from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. BTIG Research raised their target price on Cloudflare from $382.00 to $413.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Finally, Barclays lifted their price target on Cloudflare from $355.00 to $400.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and an average price target of $330.59.

Read Our Latest Stock Analysis on NET

About Cloudflare

(Free Report)

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.

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