Cloudflare, Inc. $NET Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in Cloudflare, Inc. (NYSE:NET) by 20.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,575 shares of the company’s stock after purchasing an additional 2,470 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Cloudflare were worth $5,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GK Wealth Management LLC purchased a new stake in shares of Cloudflare during the third quarter valued at $25,000. Cornerstone Financial Management LLC raised its position 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 buying an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Cloudflare in the 2nd quarter worth about $30,000. CX Institutional lifted 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 during the period. Finally, Cape Investment Advisory Inc. bought a new position in Cloudflare during the 2nd quarter valued at about $33,000. 82.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NET has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on shares of Cloudflare from $380.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, October 9th. Robert W. Baird set a $330.00 price objective on shares of Cloudflare in a report on Friday, August 7th. Wells Fargo & Company increased their price objective on shares of Cloudflare from $380.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday. Cantor Fitzgerald restated a “neutral” rating and set a $340.00 price objective on shares of Cloudflare in a research report on Monday, October 5th. Finally, Zacks Research cut shares of Cloudflare from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $333.70.

Cloudflare Stock Down 2.7%

NET stock opened at $310.04 on Friday. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. The business’s 50-day moving average is $320.74 and its two-hundred day moving average is $247.33. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market cap of $109.59 billion, a price-to-earnings ratio of -534.56, a P/E/G ratio of 253.49 and a beta of 1.65.

Cloudflare (NYSE:NET) last released its quarterly 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 business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. 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, analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Insider Transactions at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 55,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total value of $16,516,500.00. Following the transaction, the chief financial officer directly owned 113,790 shares in the company, valued at approximately $34,171,137. This trade represents a 32.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the transaction, the insider owned 69,775 shares in the company, valued at $20,557,808.25. This represents a 32.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 476,339 shares of company stock worth $143,439,267 in the last quarter. Company insiders own 10.66% of the company’s stock.

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.