Cloudflare, Inc. $NET Stock: Vontobel Holding Ltd. Trims Stake

Vontobel Holding Ltd. cut its position in Cloudflare, Inc. (NYSE:NET) by 10.1% in the third quarter, HoldingsChannel.com reports. The firm owned 145,775 shares of the company’s stock after selling 16,344 shares during the period. Vontobel Holding Ltd.’s holdings in Cloudflare were worth $50,625,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC grew its position in shares of Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after buying an additional 2,530,872 shares during the last quarter. Amundi lifted its position in Cloudflare by 2.0% during the first quarter. Amundi now owns 1,707,256 shares of the company’s stock valued at $352,275,000 after acquiring an additional 32,804 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Cloudflare by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after acquiring an additional 206,506 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after acquiring an additional 1,365,598 shares in the last quarter. Finally, National Pension Service boosted its stake in Cloudflare by 1.6% in the second quarter. National Pension Service now owns 959,987 shares of the company’s stock valued at $235,466,000 after acquiring an additional 15,546 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NET has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Barclays boosted their target price on Cloudflare from $355.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Mizuho increased their price target on Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Jefferies Financial Group set a $350.00 price target on Cloudflare in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised Cloudflare to a “buy” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $330.59.

Cloudflare Stock Performance

Shares of NYSE NET traded down $20.84 during midday trading on Friday, reaching $295.48. The company had a trading volume of 4,224,479 shares, compared to its average volume of 2,948,666. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $370.35. The business’s 50-day simple moving average is $319.50 and its 200 day simple moving average is $264.00. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market cap of $104.44 billion, a P/E ratio of -509.44, a P/E/G ratio of 251.58 and a beta of 1.65.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same period in the previous year, the company earned $0.21 earnings per share. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Michelle Zatlyn sold 33,003 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 69,775 shares in the company, valued at $20,557,808.25. This trade represents a 32.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of Cloudflare stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $283.42, for a total value of $14,846,389.86. 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. Over the last three months, insiders have sold 458,839 shares of company stock valued at $138,172,392. Company insiders own 10.66% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.