Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Invests $8.94 Million in Cloudflare, Inc. $NET

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in Cloudflare, Inc. (NYSE:NET) in the second quarter, according to its most recent filing with the SEC. The fund purchased 36,434 shares of the company’s stock, valued at approximately $8,937,000. Cloudflare comprises 1.1% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CX Institutional lifted its stake in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Wealth Architects LLC increased its stake in Cloudflare by 4.6% during the second quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock valued at $251,000 after purchasing an additional 45 shares during the last quarter. Cornerstone Financial Management LLC increased its stake in Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after purchasing an additional 47 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Cloudflare by 3.5% during the second quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock worth $367,000 after purchasing an additional 50 shares during the period. Finally, Quadrant Private Wealth Management LLC raised its holdings in shares of Cloudflare by 3.2% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock worth $341,000 after purchasing an additional 51 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Stock Performance

Shares of NYSE NET opened at $284.53 on Wednesday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $332.22. The company has a market cap of $100.57 billion, a PE ratio of -490.57, a P/E/G ratio of 228.00 and a beta of 1.66. The stock has a 50 day simple moving average of $281.89 and a 200-day simple moving average of $236.66. 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 (NYSE:NET) last announced its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, equities research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on NET shares. Jefferies Financial Group set a $350.00 price target on shares of Cloudflare in a report on Friday, August 7th. Zacks Research lowered shares of Cloudflare from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Royal Bank Of Canada raised their target price on shares of Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. TD Cowen lifted their target price on Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Scotiabank upped their target price on Cloudflare from $300.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, August 7th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $320.19.

Insider Activity

In related news, CEO Matthew Prince sold 52,422 shares of Cloudflare stock in a transaction dated Wednesday, July 1st. The shares were 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the completion of the sale, the chief financial officer directly owned 113,790 shares of the company’s stock, valued at $34,171,137. The trade was a 32.58% decrease in their position. 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 ninety days, insiders have sold 706,244 shares of company stock valued at $186,761,866. Company insiders own 10.66% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.