Chicago Partners Investment Group LLC Acquires 2,257 Shares of Cloudflare, Inc. $NET

Chicago Partners Investment Group LLC grew its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 33.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,059 shares of the company’s stock after purchasing an additional 2,257 shares during the period. Chicago Partners Investment Group LLC’s holdings in Cloudflare were worth $2,951,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jennison Associates LLC lifted its holdings in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Cloudflare in the 2nd quarter valued at $75,595,000. Janus Henderson Group PLC increased its holdings in Cloudflare by 583.1% in the first quarter. Janus Henderson Group PLC now owns 241,367 shares of the company’s stock worth $49,805,000 after purchasing an additional 206,032 shares in the last quarter. Styrax Capital LP acquired a new position in shares of Cloudflare during the 1st quarter valued at $41,268,000. Finally, Corient Private Wealth LP increased its holdings in shares of Cloudflare by 837.5% during the second quarter. Corient Private Wealth LP now owns 208,103 shares of the company’s stock valued at $51,044,000 after acquiring an additional 185,906 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NET. Wall Street Zen downgraded shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Sunday, October 25th. Guggenheim raised their price objective on shares of Cloudflare from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler reissued an “overweight” rating and issued a $337.00 price target (up from $333.00) on shares of Cloudflare in a report on Friday. UBS Group started coverage on Cloudflare in a research report on Tuesday. They set a “buy” rating for the company. Finally, Sanford C. Bernstein increased their target price on Cloudflare from $181.00 to $245.00 and gave the company a “market perform” rating in a research note on Thursday, October 29th. Twenty-six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $332.82.

Cloudflare Stock Performance

NET stock opened at $269.20 on Friday. The company has a market capitalization of $95.15 billion, a P/E ratio of -395.88, a PEG ratio of 210.90 and a beta of 1.37. The business has a 50-day moving average price of $318.23 and a 200 day moving average price of $249.77. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $782.51 million for the quarter, compared to the consensus estimate of $737.16 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. As a group, equities research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the completion of the transaction, the insider directly owned 69,775 shares of the company’s stock, valued at approximately $19,357,678.25. The trade was a 32.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 12,500 shares of the firm’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the transaction, the chief financial officer owned 104,958 shares of the company’s stock, valued at $31,444,367.22. This trade represents a 10.64% 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. Over the last three months, insiders sold 259,057 shares of company stock valued at $79,516,905. Corporate insiders own 10.66% of the company’s stock.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Third-quarter revenue rose 39.2% year over year to $782.5 million, beating estimates, while adjusted EPS of $0.38 also topped forecasts. The company cited strong enterprise demand and growing adoption of its developer platform. Cloudflare Q3 Earnings Beat Estimates on Robust Enterprise Demand
• Positive Sentiment: Cloudflare raised its 2026 outlook: full-year revenue guidance is about $3.0 billion and EPS guidance is $1.35, above consensus estimates. Fourth-quarter revenue guidance of $845 million–$846 million and EPS guidance of $0.43 also exceeded expectations. Why Cloudflare Stock Opened Higher Today
• Positive Sentiment: Further signs of AI-related momentum include Cloudflare’s first revenue from AI bot traffic and a developer base that doubled to 10 million. Analysts at Wolfe Research upgraded the shares to Outperform. Why Cloudflare Stock Opened Higher Today
• Neutral Sentiment: Analyst actions were mixed: Piper Sandler reaffirmed Overweight and raised its target, while Scotiabank, Needham and Cantor Fitzgerald lowered targets; the latter firms retained positive or neutral ratings. Scotiabank rating update
• Negative Sentiment: Some profitability measures lagged growth: gross margin faced pressure, free cash flow grew more slowly than revenue, and the GAAP operating loss widened. Cloudflare’s high valuation may make the stock sensitive to any slowdown or disappointment. Cloudflare Sales Up 39%, Gross Margin Falls

Cloudflare Profile

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.