Cloudflare, Inc. $NET Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,380 shares of the company’s stock after selling 3,513 shares during the period. Commonwealth Equity Services LLC’s holdings in Cloudflare were worth $12,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cloudflare during the 2nd quarter worth about $29,000. Quaker Wealth Management LLC increased its stake in Cloudflare by 218.6% in the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after purchasing an additional 306 shares during the last quarter. Hilltop National Bank acquired a new stake in Cloudflare during the second quarter worth approximately $36,000. Ameritas Advisory Services LLC acquired a new stake in Cloudflare during the second quarter worth approximately $39,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Cloudflare in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Performance

Shares of NET stock opened at $182.67 on Monday. The stock’s 50-day moving average price is $204.90 and its 200 day moving average price is $206.68. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $63.98 billion, a PE ratio of -608.88, a price-to-earnings-growth ratio of 120.22 and a beta of 1.96. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00.

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

Insiders Place Their Bets

In related news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $215.51, for a total transaction of $11,289,275.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the completion of the sale, the chief financial officer owned 137,486 shares of the company’s stock, valued at approximately $26,697,031.48. The trade was a 23.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 687,699 shares of company stock worth $138,668,881. 10.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NET shares. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target on the stock in a research note on Wednesday, November 5th. Mizuho lifted their target price on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Needham & Company LLC boosted their target price on Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Oppenheimer assumed coverage on Cloudflare in a research note on Monday, November 10th. They set an “outperform” rating and a $260.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $233.70.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare beat revenue and EPS expectations last quarter and reiterated FY‑2025 guidance, supporting the company’s growth story and helping underpin investor confidence. Cloudflare (NET) Ascends While Market Falls
• Positive Sentiment: Several sell‑side firms still rate NET favorably (multiple recent raises/overweight opinions and a moderate‑buy consensus), which provides a supportive analyst backdrop for longer‑term holders. MarketBeat: NET analyst coverage
• Neutral Sentiment: Institutional activity and liquidity remain elevated (many funds adjusting positions); this can amplify moves but doesn’t by itself indicate direction. MarketBeat: NET insider & institutional activity
• Negative Sentiment: CEO Matthew Prince sold a large block (52,384 shares) this week (and has executed multiple large sales since November), a pattern that often triggers short‑term selling pressure and investor concern about insider liquidity. Insider Selling: Matthew Prince
• Negative Sentiment: Additional director sales were reported this week (several filings totaling smaller but still notable amounts), which can amplify the negative sentiment from the CEO’s transactions. Director Sells $504,680.40 Director Sells $1,216,126.84
• Negative Sentiment: Piper Sandler reduced its price target (reported this week), which narrows perceived upside and can weigh on sentiment for momentum or value‑targeted investors. Price Target Lowered to $220
• Negative Sentiment: A public dispute with LaLiga alleging Cloudflare “ignores illegal content” introduces reputational and potential policy/regulatory risk that could require management time or costly responses. Spanish soccer league battles Cloudflare over piracy

Cloudflare Profile

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.