Fifth Third Bancorp Has $141,000 Position in Cloudflare, Inc. $NET

Fifth Third Bancorp trimmed its position in shares of Cloudflare, Inc. (NYSE:NET) by 93.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 715 shares of the company’s stock after selling 10,832 shares during the period. Fifth Third Bancorp’s holdings in Cloudflare were worth $141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Physician Wealth Advisors Inc. raised its holdings in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 104 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in Cloudflare during the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. increased its position in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares during the period. ORG Wealth Partners LLC increased its position in Cloudflare by 101.4% in the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after acquiring an additional 70 shares during the period. Finally, Wexford Capital LP bought a new position in shares of Cloudflare during the third quarter valued at $30,000. 82.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NET has been the topic of several analyst reports. KeyCorp cut shares of Cloudflare from an “overweight” rating to a “hold” rating in a research note on Wednesday, April 15th. Susquehanna set a $190.00 target price on Cloudflare in a research report on Thursday, February 12th. Mizuho cut their target price on Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. New Street Research set a $140.00 price target on Cloudflare in a research report on Wednesday, February 11th. Finally, TD Cowen reissued a “buy” rating on shares of Cloudflare in a research note on Tuesday, January 27th. Nineteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $233.12.

Insider Transactions at Cloudflare

In other news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $187.39, for a total value of $6,573,641.20. Following the transaction, the insider directly owned 34,514 shares of the company’s stock, valued at $6,467,578.46. The trade was a 50.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $173.78, for a total value of $9,103,291.52. Following the sale, the chief executive officer owned 22,911 shares in the company, valued at approximately $3,981,473.58. The trade was a 69.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 638,766 shares of company stock valued at $125,757,221. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Trading Down 23.5%

NET opened at $196.56 on Friday. Cloudflare, Inc. has a twelve month low of $130.20 and a twelve month high of $260.00. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. The company has a fifty day moving average of $204.88 and a 200-day moving average of $200.83. The stock has a market cap of $69.18 billion, a PE ratio of -786.22 and a beta of 1.67.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.84%. Cloudflare’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare reported first-quarter EPS of $0.25 and revenue of about $639.8 million, both above Wall Street expectations, with revenue up 33.5% year over year. Article Title
• Positive Sentiment: The company lifted its full-year 2026 outlook, signaling continued confidence in longer-term demand despite the post-earnings drop. Article Title
• Neutral Sentiment: Piper Sandler raised its price target to $250 and kept an Overweight rating, suggesting some analysts still see upside after the pullback. Article Title
• Neutral Sentiment: Cloudflare also highlighted AI as a major long-term growth driver and said it is shifting toward an AI-first operating model, which could improve efficiency over time. Article Title
• Negative Sentiment: The company said it will cut about 1,100 jobs, or roughly 20% of its workforce, as it restructures around AI, raising concerns about disruption and execution risk. Article Title
• Negative Sentiment: Investors were disappointed that Cloudflare’s near-term revenue guidance came in just below expectations, fueling fears that growth may slow as AI infrastructure costs pressure margins. Article Title

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.