Cloudflare, Inc. $NET Stock Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP grew its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,057 shares of the company’s stock after purchasing an additional 7,175 shares during the quarter. Artemis Investment Management LLP’s holdings in Cloudflare were worth $36,831,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC increased its stake in 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 purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after buying an additional 1,365,598 shares during the period. Swedbank AB grew its holdings in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after buying an additional 811,297 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Cloudflare during the 2nd quarter valued at about $75,595,000. Finally, USS Investment Management Ltd lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity

In related news, insider Michelle Zatlyn sold 33,003 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the completion of the sale, the insider directly owned 69,775 shares of the company’s stock, valued at approximately $20,557,808.25. This trade represents a 32.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $283.42, for a total transaction of $14,846,389.86. 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 three months, insiders sold 458,839 shares of company stock worth $138,172,392. 10.66% of the stock is currently owned by company insiders.

Cloudflare Stock Up 0.4%

Cloudflare stock traded up $1.52 during trading on Thursday, reaching $344.49. 1,041,552 shares of the company’s stock were exchanged, compared to its average volume of 4,088,322. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $370.35. The firm has a market cap of $121.77 billion, a price-to-earnings ratio of -593.86, a PEG ratio of 282.35 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The company’s 50-day moving average is $313.26 and its two-hundred day moving average is $258.43.

Cloudflare (NYSE:NET) last issued its earnings results 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. The company had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The company’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. TD Cowen lifted their price target on shares of Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a report on Friday, August 7th. The Goldman Sachs Group reissued a “buy” rating and set a $389.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. Benchmark lowered Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. Finally, Barclays boosted their price target on Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $326.33.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Basin could become a new growth driver. Cloudflare’s newly launched data platform supports serverless analytics and AI workloads, uses open data formats, and avoids cross-cloud transfer fees. The product could expand Cloudflare’s addressable market and improve the economics of managing data for AI applications. Cloudflare’s Data Platform Expands: Is Basin the Next Growth Driver?
• Positive Sentiment: Investors continue to view Cloudflare as an AI-traffic beneficiary. Commentary highlighted the company’s positioning as AI agents generate more internet traffic, with Cloudflare’s network performance and security services potentially benefiting from that structural trend. Jim Cramer Loves Cloudflare, but There’s a Catch
• Positive Sentiment: Recent operating results support the growth narrative. Cloudflare’s latest reported revenue rose 35.9% year over year to approximately $696.1 million, exceeding estimates, while adjusted EPS also topped consensus. Management guided to $0.34 in third-quarter 2026 EPS and $1.25–$1.26 for the full year.
• Neutral Sentiment: Analyst sentiment remains broadly favorable, but investors are urged to be selective. The average brokerage recommendation is equivalent to Buy, although the report cautions that optimistic sell-side ratings may be less informative for a richly valued growth stock. Brokers Suggest Investing in Cloudflare
• Negative Sentiment: Valuation is a significant risk. Cloudflare has rallied about 28% over the past month and trades at exceptionally high growth multiples, prompting Jim Cramer to praise its AI potential while cautioning against buying at the current valuation. Further gains may therefore depend on continued execution and accelerating earnings growth. Jim Cramer Loves Cloudflare, but There’s a Catch
• Negative Sentiment: Insider selling adds a cautionary signal. Co-founder and President Michelle Zatlyn sold 33,003 shares each on October 5 and October 7 for roughly $23.1 million combined, reducing her holdings by 32.11%. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan, which lessens their significance as a discretionary bearish signal, but the sales can still weigh on sentiment.

About Cloudflare

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.