UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 125,466 Shares of Cloudflare, Inc. $NET

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Cloudflare, Inc. (NYSE:NET) by 4.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,418,577 shares of the company’s stock after selling 125,466 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cloudflare were worth $593,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NET. Royal London Asset Management Ltd. lifted its position in shares of Cloudflare by 89.9% in the 2nd quarter. Royal London Asset Management Ltd. now owns 386,929 shares of the company’s stock worth $94,906,000 after acquiring an additional 183,183 shares during the period. Van ECK Associates Corp increased its position in shares of Cloudflare by 2.2% during the second quarter. Van ECK Associates Corp now owns 11,268 shares of the company’s stock valued at $2,764,000 after purchasing an additional 243 shares during the period. Nissay Asset Management Corp Japan raised its stake in shares of Cloudflare by 2.4% in the second quarter. Nissay Asset Management Corp Japan now owns 41,344 shares of the company’s stock valued at $10,141,000 after purchasing an additional 960 shares in the last quarter. BNP Paribas raised its stake in shares of Cloudflare by 9.4% in the second quarter. BNP Paribas now owns 8,588 shares of the company’s stock valued at $2,106,000 after purchasing an additional 736 shares in the last quarter. Finally, Archer Investment Corp bought a new position in Cloudflare in the second quarter worth $711,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Stock Performance

Cloudflare stock opened at $299.69 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a fifty day moving average price of $274.42 and a two-hundred day moving average price of $232.02. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $332.22. The firm has a market capitalization of $105.93 billion, a P/E ratio of -516.71, a P/E/G ratio of 184.12 and a beta of 1.65.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate 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 company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same quarter in the previous year, the company earned $0.21 EPS. The firm’s revenue for the quarter 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. As a group, analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

NET has been the topic of a number of recent research reports. Scotiabank lifted their price target on shares of Cloudflare from $300.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Barclays raised their price objective on shares of Cloudflare from $300.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. KeyCorp lifted their target price on shares of Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Citigroup upped their target price on shares of Cloudflare from $265.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $320.19.

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,422 shares of Cloudflare stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total value of $13,057,795.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the completion of the transaction, the chief financial officer directly owned 113,790 shares in the company, valued at $34,171,137. The trade was a 32.58% 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 have sold a total of 640,531 shares of company stock worth $168,474,753 over the last ninety days. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Company Profile

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.