Danica Pension Livsforsikringsaktieselskab Buys New Position in Cloudflare, Inc. $NET

Danica Pension Livsforsikringsaktieselskab bought a new stake in Cloudflare, Inc. (NYSE:NET) during the third quarter, Holdings Channel.com reports. The fund bought 5,924 shares of the company’s stock, valued at approximately $2,057,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its holdings in shares of Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after buying an additional 2,530,872 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Cloudflare by 4.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,046,812 shares of the company’s stock valued at $363,537,000 after acquiring an additional 48,956 shares during the period. Amundi grew its stake in shares of Cloudflare by 2.0% in the first quarter. Amundi now owns 1,707,256 shares of the company’s stock worth $352,275,000 after acquiring an additional 32,804 shares during the last quarter. National Pension Service grew its stake in shares of Cloudflare by 1.6% in the second quarter. National Pension Service now owns 959,987 shares of the company’s stock worth $235,466,000 after acquiring an additional 15,546 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Cloudflare by 8.1% in the first quarter. Swiss National Bank now owns 927,200 shares of the company’s stock worth $191,318,000 after acquiring an additional 69,800 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas Seifert sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $299.59, for a total value of $3,744,875.00. Following the sale, the chief financial officer directly owned 104,958 shares in the company, valued at approximately $31,444,367.22. This represents a 10.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the 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 transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 256,537 shares of company stock valued at $78,750,901. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare Price Performance

Shares of NET stock traded down $12.43 during mid-day trading on Friday, reaching $306.07. The company’s stock had a trading volume of 4,165,073 shares, compared to its average volume of 4,306,499. The firm’s 50-day moving average is $320.09 and its two-hundred day moving average is $252.92. The company has a market cap of $109.69 billion, a P/E ratio of -450.10, a PEG ratio of 183.47 and a beta of 1.37. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35. The company has a debt-to-equity ratio of 3.03, a quick ratio of 3.80 and a current ratio of 3.80.

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

Trending Headlines about Cloudflare

Investors following NET have been watching these headlines:

• Positive Sentiment: Gartner named Cloudflare a Leader in its 2026 Magic Quadrant for Edge Distribution Platforms, recognizing its vision and execution in a market relevant to its global edge and AI infrastructure services. Cloudflare Placed in 2026 Gartner Magic Quadrant for Edge Distribution Platforms
• Positive Sentiment: Cloudflare’s latest reported quarter showed revenue growth of 39.2% year over year and earnings above analysts’ estimates; coverage points to AI demand as an important growth driver. Cloudflare: AI Drives Strong Q3 Results
• Negative Sentiment: NET fell despite the Gartner recognition, retreating from intraday highs as selling pressure persisted. That divergence suggests investors may be taking profits or weighing the stock’s valuation and near-term expectations against its growth story. Cloudflare Stock Drops Despite Major Gartner Recognition

Wall Street Analysts Forecast Growth

Several research firms recently commented on NET. Citigroup reiterated a “market outperform” rating on shares of Cloudflare in a research note on Monday, August 31st. Morgan Stanley began coverage on shares of Cloudflare in a research report on Tuesday, November 3rd. They issued an “overweight” rating on the stock. The Goldman Sachs Group set a $420.00 price objective on shares of Cloudflare and gave the stock a “buy” rating in a report on Friday, November 6th. Citizens Jmp reaffirmed a “market outperform” rating and set a $394.00 price objective on shares of Cloudflare in a research report on Monday, August 31st. Finally, UBS Group began coverage on shares of Cloudflare in a research note on Tuesday, November 3rd. They issued a “buy” rating for the company. Twenty-six 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $338.48.

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.