Burr Financial Services LLC Purchases 4,360 Shares of Cloudflare, Inc. $NET

Burr Financial Services LLC purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) during the third quarter, HoldingsChannel.com reports. The fund purchased 4,360 shares of the company’s stock, valued at approximately $1,514,000. Cloudflare accounts for approximately 0.9% of Burr Financial Services LLC’s holdings, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NET. Toth Financial Advisory Corp acquired a new position in shares of Cloudflare during the third quarter valued at about $36,000. HWG Holdings LP purchased a new stake in shares of Cloudflare during the third quarter valued at $242,000. Violich Capital Management Inc. purchased a new stake in shares of Cloudflare during the third quarter valued at $226,000. Versant Capital Management Inc increased its position in shares of Cloudflare by 14.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,342 shares of the company’s stock valued at $466,000 after acquiring an additional 173 shares during the period. Finally, Burkett Financial Services LLC acquired a new position in shares of Cloudflare in the 3rd quarter valued at $76,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

Shares of NYSE:NET traded down $0.18 during midday trading on Thursday, reaching $342.79. 961,748 shares of the company’s stock traded hands, compared to its average volume of 4,088,193. The company has a fifty day simple moving average of $313.26 and a two-hundred day simple moving average of $258.43. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $370.35. The company has a market cap of $121.17 billion, a P/E ratio of -589.75, a PEG ratio of 282.35 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82.

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

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Basin could become a new growth driver. Cloudflare’s newly launched data platform supports serverless analytics and AI workloads, uses open data formats, and avoids cross-cloud transfer fees. The product could expand Cloudflare’s addressable market and improve the economics of managing data for AI applications. Cloudflare’s Data Platform Expands: Is Basin the Next Growth Driver?
• Positive Sentiment: Investors continue to view Cloudflare as an AI-traffic beneficiary. Commentary highlighted the company’s positioning as AI agents generate more internet traffic, with Cloudflare’s network performance and security services potentially benefiting from that structural trend. Jim Cramer Loves Cloudflare, but There’s a Catch
• Positive Sentiment: Recent operating results support the growth narrative. Cloudflare’s latest reported revenue rose 35.9% year over year to approximately $696.1 million, exceeding estimates, while adjusted EPS also topped consensus. Management guided to $0.34 in third-quarter 2026 EPS and $1.25–$1.26 for the full year.
• Neutral Sentiment: Analyst sentiment remains broadly favorable, but investors are urged to be selective. The average brokerage recommendation is equivalent to Buy, although the report cautions that optimistic sell-side ratings may be less informative for a richly valued growth stock. Brokers Suggest Investing in Cloudflare
• Negative Sentiment: Valuation is a significant risk. Cloudflare has rallied about 28% over the past month and trades at exceptionally high growth multiples, prompting Jim Cramer to praise its AI potential while cautioning against buying at the current valuation. Further gains may therefore depend on continued execution and accelerating earnings growth. Jim Cramer Loves Cloudflare, but There’s a Catch
• Negative Sentiment: Insider selling adds a cautionary signal. Co-founder and President Michelle Zatlyn sold 33,003 shares each on October 5 and October 7 for roughly $23.1 million combined, reducing her holdings by 32.11%. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan, which lessens their significance as a discretionary bearish signal, but the sales can still weigh on sentiment.

Analysts Set New Price Targets

A number of brokerages have commented on NET. Wall Street Zen cut Cloudflare from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Robert W. Baird set a $330.00 price objective on Cloudflare in a research note on Friday, August 7th. Truist Financial lifted their target price on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft upgraded Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Finally, New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.33.

Insider Activity at Cloudflare

In related news, insider Alissa Michelle Starzak sold 2,538 shares of Cloudflare stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total value of $773,277.84. Following the sale, the insider directly owned 112,082 shares in the company, valued at approximately $34,149,143.76. The trade was a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $332.46, for a total value of $3,324,600.00. Following the sale, the chief financial officer owned 107,902 shares of the company’s stock, valued at approximately $35,873,098.92. This trade represents a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 458,839 shares of company stock worth $138,172,392 in the last ninety days. 10.66% of the stock is owned by company insiders.

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.