Cloudflare, Inc. $NET Stake Cut by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab cut its position in shares of Cloudflare, Inc. (NYSE:NET) by 19.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,428 shares of the company’s stock after selling 10,066 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Cloudflare were worth $10,161,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NET. HM Payson & Co. bought a new stake in Cloudflare during the 4th quarter valued at approximately $25,000. Wiser Advisor Group LLC acquired a new stake in Cloudflare in the 3rd quarter valued at $26,000. Wexford Capital LP bought a new stake in shares of Cloudflare in the 3rd quarter worth about $30,000. CX Institutional increased its holdings in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NET has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $389.00 price objective on shares of Cloudflare in a report on Friday. Scotiabank restated an “outperform” rating and set a $390.00 price objective on shares of Cloudflare in a report on Friday. BTIG Research raised their price target on Cloudflare from $314.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen boosted their price objective on shares of Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a research report on Friday. Finally, KeyCorp raised their price target on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $311.48.

Insider Activity at Cloudflare

In other news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $281.98, for a total transaction of $1,409,900.00. Following the transaction, the director directly owned 883,073 shares of the company’s stock, valued at $249,008,924.54. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 33,631 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $296.10, for a total value of $9,958,139.10. 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 ninety days, insiders sold 749,532 shares of company stock valued at $183,882,628. 10.66% of the stock is currently owned by company insiders.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
• Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
• Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
• Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
• Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
• Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $301.00 on Friday. The company has a 50 day moving average of $257.02 and a 200-day moving average of $218.84. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $324.73. The company has a market cap of $106.39 billion, a PE ratio of -518.96, a price-to-earnings-growth ratio of 224.57 and a beta of 1.65.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.99%. The firm’s revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. As a group, equities research analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Cloudflare Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.