2,998 Cloudflare, Inc. $NET Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in shares of Cloudflare, Inc. (NYSE:NET) by 13.5% in the third quarter, Holdings Channel.com reports. The firm owned 25,151 shares of the company’s stock after buying an additional 2,998 shares during the period. Kestra Advisory Services LLC’s holdings in Cloudflare were worth $8,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NET. GK Wealth Management LLC purchased a new stake in Cloudflare in the 3rd quarter valued at $25,000. Toth Financial Advisory Corp bought a new position in shares of Cloudflare in the third quarter valued at approximately $36,000. Cornerstone Financial Management LLC increased its position in shares of Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after acquiring an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Cloudflare during the second quarter worth $30,000. Finally, CX Institutional grew its stake in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. 82.68% of the stock is owned by institutional investors.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare reported revenue of $782.5 million, up 39.2% year over year, and adjusted earnings of $0.38 per share, beating analyst estimates. Its next-quarter revenue forecast also came in well above expectations, and the company raised its full-year outlook—key reasons for the recent share-price strength. NET Q3 2026 deep dive
• Positive Sentiment: Management pointed to demand across developer and security products, including AI-related use cases and Workers, and moved its target for GAAP profitability forward to the fourth quarter of 2026. These trends may reinforce expectations for continued growth. Cloudflare Q3 earnings call puts AI demand and margins in focus
• Neutral Sentiment: DZ Bank upgraded NET from sell to buy, but its $300 price target is slightly below the referenced share price, tempering the immediate upside signal. DZ Bank stock recommendations
• Negative Sentiment: Coverage also flagged a margin trade-off alongside the strong quarter, and Cloudflare’s elevated valuation could leave the stock vulnerable if growth or profitability progress disappoints. Cloudflare’s best quarter ever comes with margin trade-off

Insider Transactions at Cloudflare

In other news, insider Michelle Zatlyn sold 33,003 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $277.43, for a total value of $9,156,022.29. Following the completion of the transaction, the insider directly owned 69,775 shares in the company, valued at approximately $19,357,678.25. This represents a 32.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $312.22, for a total value of $1,561,100.00. Following the transaction, the director directly owned 878,073 shares in the company, valued at approximately $274,151,952.06. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 256,537 shares of company stock valued at $78,750,901 in the last quarter. Insiders own 10.66% of the company’s stock.

Wall Street Analysts Forecast Growth

NET has been the topic of a number of research analyst reports. Citizens Jmp reissued a “market outperform” rating and issued a $394.00 price target on shares of Cloudflare in a report on Monday, August 31st. Wall Street Zen cut shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Sunday, October 25th. Wolfe Research raised Cloudflare from a “hold” rating to an “outperform” rating in a report on Friday, November 6th. Barclays boosted their price target on shares of Cloudflare from $355.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Finally, Piper Sandler reissued an “overweight” rating and set a $337.00 target price (up from $333.00) on shares of Cloudflare in a report on Friday, November 6th. Twenty-six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.48.

Cloudflare Stock Up 4.2%

Shares of NYSE:NET opened at $306.07 on Wednesday. The company has a market cap of $108.19 billion, a price-to-earnings ratio of -450.10, a PEG ratio of 169.21 and a beta of 1.37. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $370.35. The firm has a fifty day moving average price of $318.14 and a two-hundred day moving average price of $251.06. The company has a debt-to-equity ratio of 3.03, a current ratio of 3.80 and a quick ratio of 3.80.

Cloudflare (NYSE:NET) last posted its 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 business had revenue of $782.51 million during the quarter, compared to analysts’ expectations of $737.16 million. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s revenue was up 39.2% on a year-over-year basis. Analysts anticipate that Cloudflare, Inc. will post 0.04 EPS for the current fiscal year.

Cloudflare 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.