ARK Investment Management LLC Purchases 18,012 Shares of Cloudflare, Inc. $NET

ARK Investment Management LLC grew its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 8.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,318 shares of the company’s stock after buying an additional 18,012 shares during the period. ARK Investment Management LLC owned 0.06% of Cloudflare worth $47,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NET. Insigneo Advisory Services LLC lifted its holdings in shares of Cloudflare by 38.1% during the third quarter. Insigneo Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $488,000 after purchasing an additional 627 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in shares of Cloudflare by 60.1% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 2,414 shares of the company’s stock worth $566,000 after purchasing an additional 906 shares in the last quarter. Rockbridge Investment Management LCC raised its stake in shares of Cloudflare by 13.8% in the third quarter. Rockbridge Investment Management LCC now owns 2,110 shares of the company’s stock worth $453,000 after purchasing an additional 256 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Cloudflare during the third quarter valued at $207,000. Finally, Bedell Frazier Investment Counselling LLC purchased a new stake in shares of Cloudflare during the third quarter valued at $233,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cloudflare

In related news, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $172.76, for a total value of $4,429,739.16. Following the completion of the sale, the insider directly owned 34,514 shares in the company, valued at $5,962,638.64. This trade represents a 42.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas J. Seifert sold 41,557 shares of Cloudflare stock in a transaction on Friday, February 20th. The stock was sold at an average price of $185.04, for a total transaction of $7,689,707.28. Following the transaction, the chief financial officer directly owned 85,452 shares of the company’s stock, valued at $15,812,038.08. The trade was a 32.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 555,262 shares of company stock valued at $104,705,441 over the last quarter. 10.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NET. DZ Bank raised shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Friday, February 13th. Susquehanna set a $190.00 price target on Cloudflare in a report on Thursday, February 12th. Wall Street Zen raised Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Piper Sandler increased their target price on Cloudflare from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $260.00 price target on Cloudflare and gave the company an “outperform” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.70.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced what it calls the industry’s first full SASE platform with integrated post‑quantum encryption and published a 2026 Threat Intelligence Report showing new, large-scale attacker behaviors; investors view this as validation of Cloudflare One as a strategic growth and differentiation driver in security. Cloudflare’s Quantum Ready SASE And Threat Report Reshape Security Outlook Cloudflare 2026 Threat Intelligence Report
• Positive Sentiment: Cloudflare filed a large shelf registration tied to employee stock plans (~21M Class A shares / US$3.63B cap), which the market interpreted as enabling compensation to attract and retain talent for next‑generation security work — a near-term catalyst for investor optimism about execution on new products. Cloudflare (NET) Is Up 9.2% After Expanding Post-Quantum SASE And Employee Equity Capacity – Has The Bull Case Changed?
• Neutral Sentiment: Management is engaging with investors — Cloudflare presented at the Morgan Stanley TMT conference (transcript available). These events boost transparency and can support multiple quarters of execution but are not immediate revenue drivers. Cloudflare, Inc. (NET) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Neutral Sentiment: Wall Street sentiment remains broadly bullish (average analyst rating = Buy). That supports valuation momentum but also means expectations are high; routine analyst coverage pieces are less likely to move the stock materially absent surprises. Is It Worth Investing in Cloudflare (NET) Based on Wall Street’s Bullish Views? Is It Worth Investing in Cloudflare (NET) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Regulatory/legal overhang: reports say CEO Matthew Prince was summoned by a Spanish court in an investigation into illegal soccer broadcasting. This creates near‑term headline risk and could lead to further scrutiny; investors may re‑price governance/legal risk if the situation develops. Cloudflare’s CEO summoned as suspect in Spanish football rights case: report Market Chatter: Cloudflare CEO Summoned by Spanish Court in Investigation Into Illegal Soccer Broadcasting

Cloudflare Trading Up 4.0%

NET stock opened at $186.06 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.98 and a quick ratio of 1.98. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00. The business has a 50 day simple moving average of $184.65 and a two-hundred day simple moving average of $202.60. The company has a market capitalization of $65.17 billion, a price-to-earnings ratio of -641.56 and a beta of 1.98.

Cloudflare (NYSE:NET) last posted its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The company had revenue of $614.51 million during the quarter, compared to analysts’ expectations of $591.67 million. During the same period last year, the company posted $0.19 earnings per share. Cloudflare’s quarterly revenue was up 33.6% on a year-over-year basis. Research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Cloudflare Company 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.