Two Sigma Securities LLC Has $1.14 Million Stock Holdings in Cloudflare, Inc. $NET

Two Sigma Securities LLC boosted its position in shares of Cloudflare, Inc. (NYSE:NET) by 170.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,630 shares of the company’s stock after acquiring an additional 2,918 shares during the period. Two Sigma Securities LLC’s holdings in Cloudflare were worth $1,136,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NET. Lingotto Investment Management LLP bought a new stake in Cloudflare in the 4th quarter valued at $34,626,000. Jupiter Asset Management Ltd. raised its stake in shares of Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after buying an additional 188,226 shares in the last quarter. Trek Financial LLC bought a new position in shares of Cloudflare during the 4th quarter worth about $1,793,000. Pictet Asset Management Holding SA lifted its holdings in shares of Cloudflare by 17.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after acquiring an additional 206,506 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Cloudflare during the 4th quarter valued at about $5,543,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew Prince sold 52,422 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89. Following the completion of the transaction, the insider directly owned 69,775 shares of the company’s stock, valued at $20,557,808.25. This represents 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. Over the last quarter, insiders have sold 640,531 shares of company stock valued at $168,474,753. 10.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NET has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen raised Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 price objective on shares of Cloudflare in a research note on Wednesday, June 10th. KeyCorp upped their price objective on Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Zacks Research cut Cloudflare from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $320.19.

Cloudflare Price Performance

Shares of Cloudflare stock opened at $306.30 on Tuesday. The stock has a market capitalization of $108.27 billion, a price-to-earnings ratio of -528.10, a P/E/G ratio of 184.12 and a beta of 1.65. The firm’s 50-day moving average price is $276.18 and its two-hundred day moving average price is $232.91. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $332.22.

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

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.