Saudi Central Bank Has $5.33 Million Holdings in Cloudflare, Inc. $NET

Saudi Central Bank lifted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 86.2% in the 2nd quarter, Holdings Channel reports. The fund owned 21,718 shares of the company’s stock after acquiring an additional 10,056 shares during the quarter. Saudi Central Bank’s holdings in Cloudflare were worth $5,327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NET. CX Institutional boosted its stake in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares during the period. Wealth Architects LLC raised its stake in shares of Cloudflare by 4.6% in the 2nd quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock valued at $251,000 after purchasing an additional 45 shares during the period. Forum Financial Management LP boosted its position in shares of Cloudflare by 3.5% during the second quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock worth $367,000 after buying an additional 50 shares during the period. Quadrant Private Wealth Management LLC boosted its position in shares of Cloudflare by 3.2% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock worth $341,000 after buying an additional 51 shares during the period. Finally, Essential Partners LLC grew its holdings in shares of Cloudflare by 14.5% during the first quarter. Essential Partners LLC now owns 402 shares of the company’s stock worth $83,000 after buying an additional 51 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas Seifert sold 55,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $34,171,137. This represents a 32.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 that occurred on Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total value of $9,723,673.89. Following the sale, the insider directly owned 69,775 shares of the company’s stock, valued at approximately $20,557,808.25. The trade was a 32.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 640,238 shares of company stock worth $168,400,647 over the last ninety days. Insiders own 10.66% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the topic of several research reports. Wall Street Zen cut Cloudflare from a “buy” rating to a “hold” rating in a research note on Sunday. Mizuho lifted their price objective on shares of Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Jefferies Financial Group set a $350.00 price objective on shares of Cloudflare in a research report on Friday, August 7th. Robert W. Baird set a $330.00 target price on shares of Cloudflare in a report on Friday, August 7th. Finally, UBS Group raised their target price on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus price target of $320.19.

Cloudflare Stock Down 0.0%

NET stock opened at $278.88 on Monday. The company has a market cap of $98.58 billion, a price-to-earnings ratio of -480.83, a P/E/G ratio of 228.00 and a beta of 1.66. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The business has a 50 day moving average price of $280.40 and a two-hundred day moving average price of $235.41. 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 data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to analysts’ expectations 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 revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Analysts anticipate that Cloudflare, Inc. will post 0.03 EPS 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.