Nykredit A S Invests $33.31 Million in Cloudflare, Inc. $NET

Nykredit A S acquired a new stake in Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 135,818 shares of the company’s stock, valued at approximately $33,313,000.

Several other hedge funds and other institutional investors have also modified their holdings of NET. Geode Capital Management LLC boosted its holdings in Cloudflare by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock valued at $1,184,044,000 after purchasing an additional 241,981 shares during the period. Jennison Associates LLC increased its holdings in shares of Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares during the period. First Trust Advisors LP raised its position in shares of Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after buying an additional 63,198 shares during the last quarter. Invesco Ltd. raised its position in shares of Cloudflare by 1.3% during the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after buying an additional 49,485 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Cloudflare in the fourth quarter valued at about $718,316,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NET shares. Citizens Jmp reissued a “market outperform” rating and set a $394.00 target price on shares of Cloudflare in a research report on Monday. DZ Bank cut Cloudflare from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Royal Bank Of Canada raised their price objective on Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Benchmark lowered Cloudflare to an “underperform” rating in a report on Tuesday, July 7th. Finally, Oppenheimer boosted their price objective on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” 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 given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.19.

Insiders Place Their Bets

In other Cloudflare news, Director John Graham-Cumming sold 2,520 shares of Cloudflare stock in a transaction on Monday, August 10th. The stock was sold at an average price of $303.97, for a total transaction of $766,004.40. Following the completion of the transaction, the director directly owned 494,909 shares of the company’s stock, valued at approximately $150,437,488.73. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, CAO Janel Riley sold 3,481 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $305.26, for a total transaction of $1,062,610.06. Following the completion of the sale, the chief accounting officer owned 41,547 shares in the company, valued at $12,682,637.22. This represents a 7.73% 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. Insiders have sold 640,531 shares of company stock worth $168,474,753 over the last quarter. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

NYSE NET opened at $284.44 on Friday. The stock has a market cap of $100.54 billion, a P/E ratio of -490.41, a PEG ratio of 222.95 and a beta of 1.66. The company’s 50-day simple moving average is $279.56 and its 200 day simple moving average is $234.82. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. During the same quarter last year, the company earned $0.21 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, 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.