Cloudflare, Inc. $NET Stock Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. lowered its position in Cloudflare, Inc. (NYSE:NET) by 63.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 291,572 shares of the company’s stock after selling 515,992 shares during the period. Phoenix Financial Ltd.’s holdings in Cloudflare were worth $101,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Candriam S.C.A. boosted its holdings in Cloudflare by 31.3% in the third quarter. Candriam S.C.A. now owns 76,607 shares of the company’s stock worth $26,701,000 after purchasing an additional 18,241 shares in the last quarter. Andra AP fonden raised its holdings in Cloudflare by 44.5% during the second quarter. Andra AP fonden now owns 48,356 shares of the company’s stock valued at $11,861,000 after buying an additional 14,900 shares in the last quarter. Plato Investment Management Ltd bought a new position in Cloudflare during the second quarter valued at about $1,499,000. Insight Holdings Group LLC acquired a new stake in shares of Cloudflare in the first quarter worth about $6,768,000. Finally, Capula Management Ltd lifted its position in shares of Cloudflare by 97.1% in the first quarter. Capula Management Ltd now owns 13,526 shares of the company’s stock worth $2,791,000 after buying an additional 6,662 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Recent Cloudflare Headlines

Investors following NET have been watching these headlines:

• Positive Sentiment: Gartner named Cloudflare a Leader in its 2026 Magic Quadrant for Edge Distribution Platforms, recognizing its vision and execution in a market relevant to its global edge and AI infrastructure services. Cloudflare Placed in 2026 Gartner Magic Quadrant for Edge Distribution Platforms
• Positive Sentiment: An analyst upgrade recently supported gains in NET shares, adding to a broadly favorable view of the company’s prospects. Cloudflare Stock Jumps 2.8% After Analyst Upgrade
• Negative Sentiment: NET fell despite the Gartner recognition, retreating from intraday highs as selling pressure persisted. That divergence suggests investors may be taking profits or weighing the stock’s valuation and near-term expectations against its growth story. Cloudflare Stock Drops Despite Major Gartner Recognition

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NET. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Thursday, October 15th. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 3rd. Piper Sandler restated an “overweight” rating and issued a $337.00 target price (up from $333.00) on shares of Cloudflare in a report on Friday, November 6th. KeyCorp upped their target price on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group set a $420.00 price target on Cloudflare and gave the company a “buy” rating in a report on Friday, November 6th. Twenty-six investment 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, Cloudflare currently has a consensus rating of “Moderate Buy” and an average price target of $338.48.

Cloudflare Stock Performance

NET traded down $12.43 during midday trading on Friday, reaching $306.07. The company’s stock had a trading volume of 4,165,073 shares, compared to its average volume of 4,306,499. The stock has a market cap of $109.69 billion, a P/E ratio of -450.10, a PEG ratio of 183.47 and a beta of 1.37. The company has a fifty day simple moving average of $320.09 and a 200 day simple moving average of $252.92. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 3.03. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $370.35.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. Cloudflare had a negative return on equity of 6.05% and a negative net margin of 8.75%. The company had revenue of $782.51 million for the quarter, compared to the consensus estimate of $737.16 million. During the same period in the previous year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. Research analysts expect that Cloudflare, Inc. will post 0.04 earnings per share for the current year.

Insider Transactions at Cloudflare

In related news, CFO Thomas J. Seifert sold 12,500 shares of the company’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the completion of the transaction, the chief financial officer directly owned 104,958 shares in the company, valued at $31,444,367.22. This represents a 10.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 on Wednesday, October 7th. The shares were sold at an average price of $348.29, for a total transaction of $11,494,614.87. Following the transaction, the insider owned 69,775 shares of the company’s stock, valued at approximately $24,301,934.75. The trade was a 32.11% decrease in their ownership of the stock. 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 quarter, insiders have sold 256,537 shares of company stock worth $78,750,901. Insiders own 10.66% of the company’s stock.

Cloudflare Company Profile

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.