Cloudflare, Inc. $NET Stock Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 7.8% in the third quarter, Holdings Channel.com reports. The fund owned 33,397 shares of the company’s stock after buying an additional 2,406 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Cloudflare were worth $11,598,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Armstrong Advisory Group Inc. raised its position in shares of Cloudflare by 31.2% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 164 shares of the company’s stock valued at $57,000 after acquiring an additional 39 shares during the last quarter. CX Institutional lifted its stake in shares of 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. Wealth Architects LLC boosted its position in shares of Cloudflare by 4.6% in the 2nd quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock worth $251,000 after purchasing an additional 45 shares during the last quarter. Cornerstone Financial Management LLC boosted its position in shares of 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 last quarter. Finally, Forum Financial Management LP grew its stake in shares of Cloudflare by 3.5% during the second quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock worth $367,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Analyst support remains favorable: Stifel reiterated its Buy rating, citing opportunities across Cloudflare’s business lines, while TD Cowen raised its price target to $375. These calls suggest analysts continue to see upside despite recent volatility. Stifel Buy Rating TD Cowen Price Target
• Positive Sentiment: Developer and AI adoption are potential growth catalysts: More than 10 million developers are reportedly building on Cloudflare, while the company expanded partnerships for its AI Workspace platform. Investors may view this ecosystem growth as support for future Workers, enterprise AI and agentic-workload revenue. Cloudflare Developer Growth Cloudflare AI Workspace Partnerships
• Neutral Sentiment: Investor attention is elevated: Recent coverage highlights Cloudflare’s approximately 45% six-month return and strong prior operating momentum, including 35.9% year-over-year quarterly revenue growth and an earnings beat. However, heightened attention can also amplify short-term trading volatility. Zacks Cloudflare Investor Attention
• Negative Sentiment: Valuation remains a major risk: Cloudflare trades at roughly 41.8 times sales despite reporting a net loss. The recent 15% weekly decline reflects concern that expectations for Workers and AI growth may already be priced into the stock, increasing sensitivity to execution and guidance. Cloudflare Valuation Analysis
• Negative Sentiment: Insider selling may weigh on sentiment: CFO Thomas Seifert sold 12,500 shares for about $3.7 million, and director Carl Ledbetter sold 5,000 shares for approximately $1.5 million. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as standalone bearish signals but still adding pressure while the stock is volatile. Cloudflare Insider Sales

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $291.79 on Wednesday. The stock’s fifty day simple moving average is $318.95 and its 200 day simple moving average is $265.73. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $103.14 billion, a PE ratio of -503.08, a PEG ratio of 236.68 and a beta of 1.65. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $370.35.

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 return on equity of 3.88% and a negative net margin of 8.21%. The company’s revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm 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 predict that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Activity at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 33,003 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 69,775 shares in the company, valued at approximately $20,557,808.25. This trade represents a 32.11% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Cloudflare stock in a transaction that occurred on Monday, August 3rd. The shares were 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. In the last three months, insiders sold 476,339 shares of company stock worth $143,439,267. 10.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Zacks Research downgraded Cloudflare from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 14th. Barclays increased their target price on Cloudflare from $355.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Mizuho raised their target price on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Sanford C. Bernstein boosted their target price on Cloudflare from $164.00 to $181.00 and gave the stock a “market perform” rating in a research report on Thursday, September 17th. Finally, Wall Street Zen upgraded Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $330.59.

Cloudflare Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

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