Fulcrum Asset Management LLP Buys New Position in Cloudflare, Inc. $NET

Fulcrum Asset Management LLP purchased a new position in Cloudflare, Inc. (NYSE:NET) in the third quarter, HoldingsChannel.com reports. The firm purchased 6,795 shares of the company’s stock, valued at approximately $2,394,000.

Several other institutional investors have also recently made changes to their positions in NET. Jennison Associates LLC lifted its position in shares of Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after buying an additional 2,530,872 shares in the last quarter. Amundi grew its stake in shares of Cloudflare by 2.0% during the 1st 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 period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Cloudflare by 4.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,046,812 shares of the company’s stock valued at $363,537,000 after acquiring an additional 48,956 shares during the period. National Pension Service increased its holdings in Cloudflare by 1.6% in the 2nd quarter. National Pension Service now owns 959,987 shares of the company’s stock worth $235,466,000 after acquiring an additional 15,546 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Cloudflare by 8.1% in the first quarter. Swiss National Bank now owns 927,200 shares of the company’s stock worth $191,318,000 after purchasing an additional 69,800 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare reported revenue of $782.5 million, up 39.2% year over year, and adjusted earnings of $0.38 per share, beating analyst estimates. Its next-quarter revenue forecast also came in well above expectations, and the company raised its full-year outlook—key reasons for the recent share-price strength. NET Q3 2026 deep dive
• Positive Sentiment: Management pointed to demand across developer and security products, including AI-related use cases and Workers, and moved its target for GAAP profitability forward to the fourth quarter of 2026. These trends may reinforce expectations for continued growth. Cloudflare Q3 earnings call puts AI demand and margins in focus
• Neutral Sentiment: DZ Bank upgraded NET from sell to buy, but its $300 price target is slightly below the referenced share price, tempering the immediate upside signal. DZ Bank stock recommendations
• Negative Sentiment: Coverage also flagged a margin trade-off alongside the strong quarter, and Cloudflare’s elevated valuation could leave the stock vulnerable if growth or profitability progress disappoints. Cloudflare’s best quarter ever comes with margin trade-off

Insider Activity

In related news, CFO Thomas Seifert sold 12,500 shares of the firm’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $299.59, for a total value of $3,744,875.00. Following the completion of the transaction, the chief financial officer directly owned 104,958 shares of the company’s stock, valued at approximately $31,444,367.22. This trade represents a 10.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the completion of the transaction, the insider directly owned 69,775 shares of the company’s stock, valued at approximately $19,357,678.25. This trade represents a 32.11% 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 sold 256,537 shares of company stock worth $78,750,901. 10.66% of the stock is currently owned by insiders.

Cloudflare Stock Up 4.2%

NET opened at $306.07 on Wednesday. The company has a market capitalization of $108.19 billion, a PE ratio of -450.10, a price-to-earnings-growth ratio of 169.21 and a beta of 1.37. The firm has a 50-day simple moving average of $318.14 and a two-hundred day simple moving average of $251.06. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 3.03. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $370.35.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Cloudflare had a negative return on equity of 6.05% and a negative net margin of 8.75%. The business had revenue of $782.51 million during the quarter, compared to analysts’ expectations of $737.16 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analysts forecast that Cloudflare, Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. KeyCorp upped their price objective on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Morgan Stanley began coverage on Cloudflare in a research note on Tuesday, November 3rd. They set an “overweight” rating on the stock. Susquehanna boosted their price target on Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. JPMorgan Chase & Co. upgraded Cloudflare from a “neutral” rating to an “overweight” rating and set a $350.00 price target for the company in a research note on Tuesday, November 3rd. Finally, TD Cowen lowered shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus price target of $338.48.

Cloudflare Company Profile

Cloudflare, Inc. provides cloud-based services that help businesses and other organizations protect, connect and improve the performance of websites, applications and networks. Its global network delivers services including content delivery, domain name system management, and protection against distributed denial-of-service attacks and other cyber threats. The company also offers web application security, bot management and Zero Trust services for securing access to applications and internal networks.