Cibc World Market Inc. Sells 9,884 Shares of Cloudflare, Inc. $NET

Cibc World Market Inc. cut its stake in Cloudflare, Inc. (NYSE:NET) by 57.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,318 shares of the company’s stock after selling 9,884 shares during the quarter. Cibc World Market Inc.’s holdings in Cloudflare were worth $1,443,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NET. TD Asset Management Inc increased its position in Cloudflare by 3.7% during the fourth quarter. TD Asset Management Inc now owns 83,467 shares of the company’s stock worth $16,456,000 after acquiring an additional 2,994 shares during the period. Sivia Capital Partners LLC increased its position in 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 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 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. Finally, Shepherd Street Advisors LLC bought a new position in Cloudflare during the fourth quarter worth about $410,000. 82.68% of the stock is owned by institutional investors.

Cloudflare Price Performance

NET stock opened at $235.88 on Wednesday. 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 12 month low of $158.83 and a 12 month high of $276.82. The firm has a market cap of $83.38 billion, a P/E ratio of -943.50, a P/E/G ratio of 4,156.04 and a beta of 1.70. The company’s 50-day moving average price is $214.74 and its two-hundred day moving average price is $201.01.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating 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 firm had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period last year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. 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

In other news, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $211.83, for a total value of $5,431,533.03. Following the sale, the insider directly owned 47,425 shares in the company, valued at approximately $10,046,037.75. This trade represents a 35.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katrin Suder sold 293 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $252.92, for a total transaction of $74,105.56. Following the completion of the sale, the director owned 37,430 shares in the company, valued at approximately $9,466,795.60. The trade was a 0.78% 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. Insiders sold a total of 527,784 shares of company stock worth $111,803,817 in the last quarter. Corporate insiders own 10.89% of the company’s stock.

Analysts Set New Price Targets

NET has been the topic of a number of recent research reports. New Street Research set a $140.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. Barclays reaffirmed an “overweight” rating and set a $250.00 price target on shares of Cloudflare in a research report on Monday, June 1st. Jefferies Financial Group initiated coverage on shares of Cloudflare in a research report on Wednesday, April 15th. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Finally, Wells Fargo & Company raised their target price on shares of Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus price target 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.