Cloudflare, Inc. $NET Stock Position Lowered by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its stake in shares of Cloudflare, Inc. (NYSE:NET) by 22.6% in the third quarter, HoldingsChannel.com reports. The fund owned 1,391,966 shares of the company’s stock after selling 406,147 shares during the period. Pictet Asset Management Holding SA’s holdings in Cloudflare were worth $483,526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC lifted its holdings in Cloudflare by 2.7% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,238 shares of the company’s stock valued at $430,000 after purchasing an additional 33 shares in the last quarter. Financial Management Professionals Inc. boosted its position in Cloudflare by 6.1% during the third quarter. Financial Management Professionals Inc. now owns 623 shares of the company’s stock worth $216,000 after acquiring an additional 36 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake in 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 in the last quarter. CX Institutional grew its stake in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 44 shares in the last quarter. Finally, Wedbush Securities Inc. grew its stake in Cloudflare by 4.2% during the 3rd quarter. Wedbush Securities Inc. now owns 1,095 shares of the company’s stock valued at $380,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

Shares of NYSE:NET opened at $269.20 on Friday. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 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 fifty day simple moving average of $318.23 and a 200-day simple moving average of $249.77. The company has a market cap of $95.15 billion, a P/E ratio of -395.88, a P/E/G ratio of 208.12 and a beta of 1.37.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $782.51 million for the quarter, compared to analyst estimates of $737.16 million. Cloudflare had a negative return on equity of 5.98% and a negative net margin of 8.75%. The company’s revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. Equities research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Third-quarter revenue rose 39.2% year over year to $782.5 million, beating estimates, while adjusted EPS of $0.38 also topped forecasts. The company cited strong enterprise demand and growing adoption of its developer platform. Cloudflare Q3 Earnings Beat Estimates on Robust Enterprise Demand
• Positive Sentiment: Cloudflare raised its 2026 outlook: full-year revenue guidance is about $3.0 billion and EPS guidance is $1.35, above consensus estimates. Fourth-quarter revenue guidance of $845 million–$846 million and EPS guidance of $0.43 also exceeded expectations. Why Cloudflare Stock Opened Higher Today
• Positive Sentiment: Further signs of AI-related momentum include Cloudflare’s first revenue from AI bot traffic and a developer base that doubled to 10 million. Analysts at Wolfe Research upgraded the shares to Outperform. Why Cloudflare Stock Opened Higher Today
• Neutral Sentiment: Analyst actions were mixed: Piper Sandler reaffirmed Overweight and raised its target, while Scotiabank, Needham and Cantor Fitzgerald lowered targets; the latter firms retained positive or neutral ratings. Scotiabank rating update
• Negative Sentiment: Some profitability measures lagged growth: gross margin faced pressure, free cash flow grew more slowly than revenue, and the GAAP operating loss widened. Cloudflare’s high valuation may make the stock sensitive to any slowdown or disappointment. Cloudflare Sales Up 39%, Gross Margin Falls

Wall Street Analysts Forecast Growth

Several research firms recently commented on NET. TD Cowen cut Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday. Mizuho upped their price objective on shares of Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. BTIG Research raised their target price on Cloudflare from $382.00 to $413.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. upgraded shares of Cloudflare from a “neutral” rating to an “overweight” rating and set a $350.00 target price on the stock in a research note on Tuesday, November 3rd. Finally, Barclays lifted their price target on Cloudflare from $355.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Twenty-six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $332.82.

Insider Transactions at Cloudflare

In other news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction on 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 completion of 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 sale 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, insider Michelle Zatlyn sold 33,003 shares of the business’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 owned 69,775 shares in the company, valued at approximately $19,357,678.25. 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. Over the last three months, insiders have sold 259,057 shares of company stock valued at $79,516,905. Corporate insiders own 10.66% of the company’s stock.

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.