Cloudflare, Inc. $NET Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in Cloudflare, Inc. (NYSE:NET) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,046,812 shares of the company’s stock after acquiring an additional 48,956 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.30% of Cloudflare worth $363,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NET. Mirae Asset Global Investments Co. Ltd. bought a new position in Cloudflare in the 3rd quarter worth $14,296,000. Vise Technologies Inc. lifted its position in shares of Cloudflare by 13.4% in the 3rd quarter. Vise Technologies Inc. now owns 10,503 shares of the company’s stock worth $3,647,000 after purchasing an additional 1,243 shares during the period. Global Assets Advisory LLC bought a new stake in shares of Cloudflare during the 3rd quarter valued at about $211,000. MGO One Seven LLC boosted its stake in shares of Cloudflare by 4.5% during the 3rd quarter. MGO One Seven LLC now owns 3,813 shares of the company’s stock valued at $1,324,000 after purchasing an additional 165 shares in the last quarter. Finally, Americana Partners LLC boosted its stake in shares of Cloudflare by 51.7% during the 3rd quarter. Americana Partners LLC now owns 2,033 shares of the company’s stock valued at $706,000 after purchasing an additional 693 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction 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 sale, the insider owned 69,775 shares of the company’s stock, valued at approximately $24,301,934.75. This trade represents a 32.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 business’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 104,958 shares of the company’s stock, valued at $31,444,367.22. This represents a 10.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 476,339 shares of company stock worth $143,439,267. Insiders own 10.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BTIG Research increased their price target on shares of Cloudflare from $382.00 to $413.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Guggenheim lifted their price objective on Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a research report on Friday, August 7th. Wall Street Zen downgraded Cloudflare from a “buy” rating to a “hold” rating in a report on Sunday, October 25th. Finally, KeyCorp increased their target price on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $333.70.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $279.86 on Friday. The stock has a market cap of $98.92 billion, a price-to-earnings ratio of -482.52, a PEG ratio of 223.25 and a beta of 1.65. The firm’s 50-day moving average is $320.77 and its 200 day moving average is $247.79. 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 1.22, a current ratio of 1.82 and a quick ratio of 1.82.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. Cloudflare’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Sell-side analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Cloudflare Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

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