31,209 Cloudflare, Inc. $NET Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC reduced its holdings in Cloudflare, Inc. (NYSE:NET) by 90.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,194 shares of the company’s stock after selling 31,209 shares during the quarter. Curated Wealth Partners LLC’s holdings in Cloudflare were worth $1,109,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NET. Pictet Asset Management Holding SA lifted its holdings in shares of Cloudflare by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares during the last quarter. Insight Holdings Group LLC bought a new stake in shares of Cloudflare in the first quarter valued at approximately $6,768,000. Plato Investment Management Ltd acquired a new stake in shares of Cloudflare in the second quarter worth $1,499,000. Generali Investments Management Co LLC grew its stake in shares of Cloudflare by 85.5% in the second quarter. Generali Investments Management Co LLC now owns 13,396 shares of the company’s stock worth $3,286,000 after acquiring an additional 6,174 shares during the last quarter. Finally, Capula Management Ltd grew its stake 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 acquiring an additional 6,662 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Stock Performance

NET traded down $15.16 during trading on Thursday, reaching $309.17. 1,843,382 shares of the company’s stock were exchanged, compared to its average volume of 4,049,960. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average price of $318.98 and a 200 day moving average price of $262.99. The company has a market capitalization of $109.28 billion, a P/E ratio of -532.73, a PEG ratio of 276.54 and a beta of 1.65.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter 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, analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NET has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Cloudflare from $300.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Guggenheim increased their price target on shares of Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a report on Friday, August 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $389.00 price target on shares of Cloudflare in a report on Friday, August 7th. Scotiabank raised their price target on shares of Cloudflare from $300.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Truist Financial boosted their price objective on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $330.59.

Insider Transactions at Cloudflare

In related news, CFO Thomas J. Seifert sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total value of $16,516,500.00. Following the sale, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 dated Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the completion of the transaction, the insider directly owned 69,775 shares of the company’s stock, valued at $20,557,808.25. This trade represents a 32.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 458,839 shares of company stock valued at $138,172,392. Company insiders own 10.66% of the company’s stock.

Cloudflare Company Profile

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.