Principal Financial Group Inc. Cuts Stock Position in Cloudflare, Inc. $NET

Principal Financial Group Inc. reduced its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 25.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,236 shares of the company’s stock after selling 76,785 shares during the period. Principal Financial Group Inc. owned about 0.06% of Cloudflare worth $47,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NET. ORG Wealth Partners LLC raised its position in Cloudflare by 101.4% in the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cloudflare in the second quarter valued at about $29,000. Harbor Investment Advisory LLC acquired a new position in Cloudflare during the third quarter worth $32,000. Cloud Capital Management LLC acquired a new position in shares of Cloudflare during the 3rd quarter worth $31,000. Finally, Stone House Investment Management LLC lifted its stake in Cloudflare by 700.0% in the 3rd quarter. Stone House Investment Management LLC now owns 160 shares of the company’s stock valued at $34,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Down 2.2%

Cloudflare stock opened at $166.59 on Thursday. The firm’s 50 day moving average price is $193.14 and its two-hundred day moving average price is $205.53. The firm has a market cap of $58.35 billion, a price-to-earnings ratio of -555.30, a price-to-earnings-growth ratio of 147.62 and a beta of 1.97. 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 1 year low of $89.42 and a 1 year high of $260.00.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: BTIG upgraded Cloudflare to Buy and highlighted underappreciated long-term growth after positive customer checks, which lifted investor optimism and helped push the stock higher earlier in the session. Cloudflare’s long-term growth opportunity is underappreciated, says BTIG
• Positive Sentiment: Wall Street models expect earnings growth in the upcoming report, raising the odds of a near-term beat that could support the share price once results arrive. Cloudflare (NET) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Analyst coverage is mixed but generally positive: several firms have raised targets while consensus remains a “Moderate Buy,” leaving upside tied to execution and the upcoming quarter.
• Neutral Sentiment: Institutions continue to hold a large share of stock (reported >80% ownership), which can mute volatility over the medium term but also means flows from a few large holders could move shares. Cloudflare institutional ownership and trading
• Negative Sentiment: Insider selling was reported this week (including a 3,000-share sale by Douglas Kramer and a small director sale), which may feed short-term selling narratives even if filings show insiders still hold substantial positions. SEC Form 4 — Douglas James Kramer sale
• Negative Sentiment: Several headlines describe the stock as being “obliterated” or dipping more than the broader market today — a sign that short-term profit-taking and technical selling (price below key moving averages) are outweighing the bullish analyst action. Why Cloudflare (NET) shares are getting obliterated today

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NET shares. Citizens Jmp upped their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Truist Financial set a $225.00 price target on shares of Cloudflare in a report on Tuesday, January 20th. Stifel Nicolaus increased their target price on Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wall Street Zen raised shares of Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Oppenheimer began coverage on Cloudflare in a report on Monday, November 10th. They set an “outperform” rating and a $260.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.29.

Insider Transactions at Cloudflare

In other news, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $178.37, for a total value of $1,783,700.00. Following the transaction, the chief financial officer owned 137,486 shares in the company, valued at $24,523,377.82. This represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $189.47, for a total value of $9,925,196.48. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 630,827 shares of company stock worth $124,436,992. 10.89% of the stock is currently owned by company insiders.

Cloudflare Company 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.