Kesler Norman & Wride LLC Invests $599,000 in Cloudflare, Inc. $NET

Kesler Norman & Wride LLC acquired a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,443 shares of the company’s stock, valued at approximately $599,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. HM Payson & Co. purchased a new position in Cloudflare in the fourth quarter worth about $25,000. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare during the third quarter valued at approximately $26,000. Wexford Capital LP purchased a new stake in shares of Cloudflare during the third quarter valued at approximately $30,000. CX Institutional increased its position in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 44 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Cloudflare during the second quarter valued at approximately $33,000. 82.68% of the stock is currently owned by institutional investors.

Insider Activity at Cloudflare

In related news, Director Mark J. Hawkins sold 133 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $277.74, for a total value of $36,939.42. Following the transaction, the director owned 10,632 shares of the company’s stock, valued at approximately $2,952,931.68. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a 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 J. Seifert sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the sale, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. This trade represents a 32.58% 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. Insiders have sold 748,719 shares of company stock valued at $183,992,198 in the last 90 days. 10.66% of the stock is owned by company insiders.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Strong Q2 results and upbeat guidance support the rally. Cloudflare reported revenue of $696.1 million, up 35.9% year over year and above expectations, while non-GAAP EPS of $0.29 exceeded the $0.27 consensus. Next-quarter revenue guidance of approximately $736.5 million was also ahead of analyst estimates. NET Q2 Deep Dive
• Positive Sentiment: AI security and developer-platform demand are strengthening Cloudflare’s growth story. Coverage points to increasing demand for SASE, Zero Trust, agentic AI and developer tools, potentially helping Cloudflare win larger enterprise contracts and compete more directly with Palo Alto Networks and Zscaler. Cloudflare AI security strategy
• Positive Sentiment: Signal selected Cloudflare as an independent Key Transparency auditor. The partnership gives hundreds of millions of Signal users additional confidence in message privacy and showcases Cloudflare’s security and trust infrastructure. Signal partnership announcement
• Positive Sentiment: Analyst sentiment remains broadly favorable. Several firms raised price targets, and brokerages maintain a consensus “Moderate Buy” view. Technical coverage also describes strong momentum after the earnings beat. Cloudflare momentum setup
• Neutral Sentiment: Cloudflare raised $2.175 billion through zero-coupon convertible notes due in 2031. The deal adds financial flexibility without cash interest expense, but potential future share conversion could dilute existing shareholders. Cloudflare convertible note offering
• Negative Sentiment: x402 settlement volume has plunged 93% year to date. The decline suggests the late-2025 surge in AI-agent payments may have been driven primarily by testing rather than sustained demand, challenging near-term monetization expectations. x402 settlement volume report
• Negative Sentiment: Valuation and insider selling create downside risks. Cloudflare trades at a demanding valuation while remaining GAAP-unprofitable. Director John Graham-Cumming sold 2,520 shares under a pre-arranged Rule 10b5-1 plan, although he retained nearly 495,000 shares. Cloudflare director stock sale

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Benchmark cut Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. Oppenheimer lifted their target price on Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Raymond James Financial began coverage on Cloudflare in a research note on Tuesday, July 7th. They issued a “strong-buy” rating for the company. Truist Financial upped their price target on Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Zacks Research raised Cloudflare from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.19.

Cloudflare Trading Up 6.4%

Shares of NET stock opened at $331.45 on Friday. 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 12-month low of $158.83 and a 12-month high of $332.22. The stock has a market capitalization of $117.16 billion, a P/E ratio of -571.47, a P/E/G ratio of 192.59 and a beta of 1.65. The firm’s 50 day moving average is $260.67 and its 200 day moving average is $223.07.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 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 35.9% compared to the same quarter last year. During the same period 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. Research analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

About Cloudflare

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.