Cloudflare, Inc. $NET Stake Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,151 shares of the company’s stock after buying an additional 2,998 shares during the period. Kestra Advisory Services LLC’s holdings in Cloudflare were worth $8,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NET. Jennison Associates LLC boosted its holdings in shares of Cloudflare by 135.8% in 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 during the last quarter. Amundi raised its stake in Cloudflare by 2.0% in the first quarter. Amundi now owns 1,707,256 shares of the company’s stock valued at $352,275,000 after buying an additional 32,804 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted 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 worth $363,537,000 after acquiring an additional 48,956 shares during the period. National Pension Service raised its stake in Cloudflare by 1.6% in the 2nd quarter. National Pension Service now owns 959,987 shares of the company’s stock valued at $235,466,000 after acquiring an additional 15,546 shares during the period. Finally, Swiss National Bank lifted its holdings in Cloudflare by 8.1% during the 1st quarter. Swiss National Bank now owns 927,200 shares of the company’s stock valued at $191,318,000 after purchasing an additional 69,800 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Trending Headlines about Cloudflare

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Cloudflare from a “neutral” rating to an “overweight” rating and set a $350.00 target price on the stock in a research note on Tuesday, November 3rd. Stephens began coverage on shares of Cloudflare in a research report on Tuesday, November 3rd. They issued an “overweight” rating for the company. The Goldman Sachs Group set a $420.00 price objective on shares of Cloudflare and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada dropped their price target on shares of Cloudflare from $405.00 to $350.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Mizuho boosted their price target on Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Twenty-six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $338.48.

Cloudflare Stock Performance

Shares of NET stock opened at $306.07 on Wednesday. The business’s 50-day moving average price is $318.14 and its 200-day moving average price is $251.06. The firm has a market capitalization of $108.19 billion, a price-to-earnings ratio of -450.10, a PEG ratio of 169.21 and a beta of 1.37. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $370.35. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 3.03.

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

Insider Activity

In related news, CFO Thomas J. Seifert sold 12,500 shares of the company’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the sale, the chief financial officer owned 104,958 shares in the company, valued at $31,444,367.22. This represents a 10.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $348.29, for a total value of $11,494,614.87. Following the completion of the sale, the insider owned 69,775 shares of the company’s stock, valued at approximately $24,301,934.75. The trade was a 32.11% 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. In the last three months, insiders have sold 256,537 shares of company stock valued at $78,750,901. 10.66% of the stock is currently owned by insiders.

About Cloudflare

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.