D.A. Davidson & CO. Has $3.68 Million Position in Cloudflare, Inc. $NET

D.A. Davidson & CO. lowered its holdings in Cloudflare, Inc. (NYSE:NET) by 14.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,133 shares of the company’s stock after selling 2,890 shares during the quarter. D.A. Davidson & CO.’s holdings in Cloudflare were worth $3,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NET. Advisors Asset Management Inc. grew its stake in shares of Cloudflare by 8.6% in the 1st quarter. Advisors Asset Management Inc. now owns 1,568 shares of the company’s stock valued at $177,000 after purchasing an additional 124 shares during the period. Alliancebernstein L.P. grew its position in Cloudflare by 10.3% in the first quarter. Alliancebernstein L.P. now owns 269,274 shares of the company’s stock valued at $30,344,000 after acquiring an additional 25,049 shares during the period. NewEdge Advisors LLC raised its stake in Cloudflare by 146.9% during the first quarter. NewEdge Advisors LLC now owns 24,122 shares of the company’s stock worth $2,718,000 after acquiring an additional 14,352 shares in the last quarter. Empowered Funds LLC raised its stake in Cloudflare by 34.2% during the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after acquiring an additional 1,696 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after acquiring an additional 786,063 shares during the period. Institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NET shares. JMP Securities set a $270.00 target price on shares of Cloudflare in a report on Friday, October 31st. Citigroup upped their price objective on shares of Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. KeyCorp lifted their target price on shares of Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Scotiabank increased their price target on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Finally, UBS Group lifted their price objective on Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.70.

Insider Activity at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,099 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $199.26, for a total value of $6,993,826.74. Following the transaction, the insider directly owned 24,555 shares of the company’s stock, valued at approximately $4,892,829.30. This trade represents a 58.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $215.51, for a total transaction of $11,289,275.84. The SEC filing for this sale provides additional information. Insiders have sold 585,451 shares of company stock worth $119,098,680 over the last ninety days. Company insiders own 10.89% of the company’s stock.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Zacks highlights Cloudflare’s strong earnings‑surprise history and says the company has the setup to beat again next quarter — a recurring beat would be a clear catalyst for upside. Will Cloudflare (NET) Beat Estimates Again?
• Positive Sentiment: Macro/momentum: a Yahoo piece flags that long‑term investors have seen ~374% returns over three years, underscoring strong price momentum and retail/institutional interest that can amplify positive news. Cloudflare 3‑Year Return
• Positive Sentiment: Earlier results & guidance: recent quarter beat revenue and EPS estimates and management provided FY’25 and Q4 guidance — supports expectations for continued top‑line growth and gives bulls a near‑term fundamental anchor. MarketBeat NET Summary
• Neutral Sentiment: Piper Sandler left its rating at Hold, signaling no change in conviction from that shop (keeps a portion of the market cautious but is not a downgrade). Piper Sandler Hold
• Negative Sentiment: Piper Sandler also lowered its price target to $220 from $249 — a direct cap on near‑term upside that likely pressured some investors. Price Target Lowered to $220
• Negative Sentiment: Insider selling: three directors disclosed sales this week (Mark Hawkins, John Graham‑Cumming, Carl Ledbetter) totaling ~8,788 shares — small relative to holdings but often read as a negative signal by the market. SEC filings available. Hawkins Form 4

Cloudflare Stock Up 2.5%

Shares of NET opened at $203.00 on Thursday. The business’s fifty day moving average price is $207.03 and its two-hundred day moving average price is $206.57. The firm has a market capitalization of $71.11 billion, a price-to-earnings ratio of -676.67, a PEG ratio of 130.23 and a beta of 1.96. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, analysts predict that Cloudflare, Inc. will post -0.11 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.