Sumitomo Mitsui Trust Group Inc. Has $273.83 Million Holdings in Cloudflare, Inc. $NET

Sumitomo Mitsui Trust Group Inc. decreased its stake in Cloudflare, Inc. (NYSE:NET) by 8.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,276,051 shares of the company’s stock after selling 120,215 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Cloudflare were worth $273,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NET. Twin Peaks Wealth Advisors LLC bought a new stake in Cloudflare in the 2nd quarter valued at $29,000. ORG Wealth Partners LLC raised its position in shares of Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after buying an additional 70 shares during the last quarter. Quaker Wealth Management LLC lifted its stake in shares of Cloudflare by 218.6% in the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after buying an additional 306 shares during the period. Hilltop National Bank acquired a new stake in Cloudflare during the second quarter worth about $36,000. Finally, Ameritas Advisory Services LLC bought a new position in Cloudflare during the second quarter valued at about $39,000. Institutional investors own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In related news, CFO Thomas J. Seifert sold 41,555 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the sale, the chief financial officer directly owned 137,486 shares in the company, valued at $26,697,031.48. This represents a 23.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Monday, November 17th. The shares were sold at an average price of $204.76, for a total value of $10,726,147.84. Following the completion of the transaction, the chief executive officer owned 22,175 shares of the company’s stock, valued at approximately $4,540,553. The trade was a 70.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 635,315 shares of company stock valued at $127,379,605 in the last three months. 10.89% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NET. Cantor Fitzgerald lifted their price objective on Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Royal Bank Of Canada raised their target price on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. KeyCorp boosted their price target on shares of Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Scotiabank increased their price objective on shares of Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Finally, Susquehanna lifted their target price on shares of Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.70.

Cloudflare Stock Up 2.1%

Shares of NYSE:NET opened at $186.59 on Tuesday. The company’s fifty day moving average is $203.68 and its 200-day moving average is $206.65. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. The company has a market capitalization of $65.36 billion, a PE ratio of -621.96, a P/E/G ratio of 120.22 and a beta of 1.96.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period last year, the firm posted $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

About Cloudflare

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.