Cloudflare, Inc. $NET Shares Sold by Sands Capital Management LLC

Sands Capital Management LLC lessened its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,731,287 shares of the company’s stock after selling 77,032 shares during the period. Cloudflare accounts for approximately 2.2% of Sands Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Sands Capital Management LLC’s holdings in Cloudflare were worth $735,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare during the 3rd quarter worth about $26,000. HM Payson & Co. acquired a new stake in shares of Cloudflare during the 4th quarter worth about $25,000. Wexford Capital LP acquired a new stake in shares of Cloudflare during the 3rd quarter worth about $30,000. Ameriflex Group Inc. raised its position in shares of Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after acquiring an additional 76 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Truist Financial raised its price target on Cloudflare to $250 from $225 and reiterated a buy rating, implying further upside from current levels. Truist raises Cloudflare price target
• Positive Sentiment: Morgan Stanley also sharply increased its Cloudflare price target, adding to the bullish analyst backdrop and reinforcing the view that expectations for the company are improving. Morgan Stanley raises Cloudflare price target
• Positive Sentiment: Barclays kept a buy rating on Cloudflare, while other reports noted Wall Street’s overall average recommendation remains equivalent to a Buy, supporting investor confidence in the stock. Barclays keeps buy rating on Cloudflare
• Positive Sentiment: Zacks said Cloudflare may be well poised for a surge because of solid earnings estimate revisions, which often signals improving fundamentals and stronger near-term sentiment. Zacks says Cloudflare may surge
• Neutral Sentiment: Jim Cramer commented that Cloudflare’s long-term direction looks “pretty fabulous,” but also noted the stock has been volatile, making the takeaway more of a commentary on long-term prospects than a direct catalyst. Jim Cramer comments on Cloudflare
• Negative Sentiment: One report flagged a new sell recommendation for Cloudflare, suggesting some analysts remain cautious despite the broader bullish tone. Cloudflare new sell recommendation

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $210.02, for a total value of $11,001,687.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 16,243 shares of Cloudflare stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $216.15, for a total value of $3,510,924.45. Following the completion of the transaction, the insider owned 118,395 shares in the company, valued at $25,591,079.25. This trade represents a 12.06% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 475,400 shares of company stock worth $100,851,370. 10.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on NET shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $136.00 price target on shares of Cloudflare in a research report on Wednesday. Susquehanna lifted their price target on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Citigroup started coverage on Cloudflare in a research report on Wednesday, April 15th. They set a “buy” rating on the stock. Guggenheim reaffirmed a “sell” rating and set a $140.00 price target on shares of Cloudflare in a research report on Wednesday. Finally, Jefferies Financial Group started coverage on Cloudflare in a research report on Wednesday, April 15th. They set a “buy” rating on the stock. Twenty equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.35.

Cloudflare Trading Down 0.3%

Shares of NET stock opened at $227.91 on Monday. The business’s 50 day moving average is $216.10 and its two-hundred day moving average is $201.73. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82. The company has a market capitalization of $80.56 billion, a P/E ratio of -911.62, a price-to-earnings-growth ratio of 481.14 and a beta of 1.70. 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 (NYSE:NET) last announced its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. During the same period last year, the business posted $0.16 EPS. The company’s revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Equities analysts forecast that Cloudflare, Inc. will post 0.01 EPS for the current 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.