TD Asset Management Inc Raises Stock Position in Cloudflare, Inc. $NET

TD Asset Management Inc lifted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 83,467 shares of the company’s stock after buying an additional 2,994 shares during the quarter. TD Asset Management Inc’s holdings in Cloudflare were worth $16,456,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Sivia Capital Partners LLC increased its position in shares of Cloudflare by 53.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,327 shares of the company’s stock worth $656,000 after acquiring an additional 1,157 shares during the period. Lido Advisors LLC increased its position in shares of Cloudflare by 2.1% during the fourth quarter. Lido Advisors LLC now owns 30,845 shares of the company’s stock worth $6,366,000 after acquiring an additional 621 shares during the period. Avestar Capital LLC increased its position in shares of Cloudflare by 67.3% during the fourth quarter. Avestar Capital LLC now owns 4,026 shares of the company’s stock worth $794,000 after acquiring an additional 1,619 shares during the period. Shepherd Street Advisors LLC purchased a new position in shares of Cloudflare during the fourth quarter worth approximately $410,000. Finally, CIBC Asset Management Inc increased its holdings in Cloudflare by 9.1% during the fourth quarter. CIBC Asset Management Inc now owns 14,238 shares of the company’s stock valued at $2,807,000 after buying an additional 1,183 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Stock Performance

Shares of NET stock opened at $248.01 on Tuesday. The firm has a market cap of $87.67 billion, a price-to-earnings ratio of -992.06, a PEG ratio of 4,194.92 and a beta of 1.70. The company’s 50 day moving average is $214.09 and its 200 day moving average is $200.73. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $276.82.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period in the previous year, the company earned $0.16 earnings per share. The business’s revenue for the quarter 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.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Monday, April 6th. The shares were sold at an average price of $210.02, for a total value of $11,001,687.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares in the company, valued at $10,148,001.50. This represents a 42.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 527,784 shares of company stock worth $111,803,817 over the last ninety days. Corporate insiders own 10.89% of the company’s stock.

Wall Street Analysts Forecast Growth

NET has been the topic of several research reports. Susquehanna lifted their price objective on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Guggenheim lifted their price objective on shares of Cloudflare from $117.00 to $140.00 and gave the company a “sell” rating in a report on Wednesday, February 11th. UBS Group reissued a “neutral” rating and set a $220.00 price objective on shares of Cloudflare in a report on Wednesday, February 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $224.00 price objective on shares of Cloudflare in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Eighteen 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $239.08.

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.