Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Purchases Shares of 36,434 Cloudflare, Inc. $NET

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 36,434 shares of the company’s stock, valued at approximately $8,937,000. Cloudflare makes up 1.1% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings, making the stock its 28th biggest position.

A number of other large investors have also recently added to or reduced their stakes in the business. HM Payson & Co. bought a new stake in shares of Cloudflare during the 4th quarter worth $25,000. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare in the 3rd quarter valued at approximately $26,000. Cornerstone Financial Management LLC boosted its stake in Cloudflare by 65.3% in the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after purchasing an additional 47 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in Cloudflare during the 2nd quarter worth approximately $30,000. Finally, Wexford Capital LP purchased a new position in Cloudflare during the 3rd quarter worth approximately $30,000. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Trading Up 2.0%

NYSE:NET opened at $284.53 on Wednesday. The company has a market capitalization of $100.57 billion, a P/E ratio of -490.57, a P/E/G ratio of 228.00 and a beta of 1.66. The stock’s 50 day moving average price is $281.89 and its 200 day moving average price is $236.66. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $332.22.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company’s revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company 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, research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Insider Activity

In other Cloudflare news, CEO Matthew Prince sold 52,422 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total value 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 $20,557,808.25. This represents a 32.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 706,244 shares of company stock worth $186,761,866. 10.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NET shares. Sanford C. Bernstein restated a “market perform” rating and issued a $136.00 target price on shares of Cloudflare in a report on Wednesday, June 10th. Piper Sandler lifted their price target on Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a report on Friday, August 7th. The Goldman Sachs Group reissued a “buy” rating and set a $389.00 price target on shares of Cloudflare in a research report on Friday, August 7th. Guggenheim increased their price objective on Cloudflare from $140.00 to $160.00 and gave the stock a “sell” rating in a research note on Friday, August 7th. Finally, UBS Group raised their price objective on Cloudflare from $250.00 to $350.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.19.

Cloudflare Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.