Congress Asset Management Co. Reduces Holdings in Cloudflare, Inc. $NET

Congress Asset Management Co. trimmed its stake in shares of Cloudflare, Inc. (NYSE:NET) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 343,972 shares of the company’s stock after selling 57,796 shares during the quarter. Congress Asset Management Co. owned approximately 0.10% of Cloudflare worth $67,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its stake in shares of Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Wiser Advisor Group LLC bought a new position in shares of Cloudflare in the third quarter worth approximately $26,000. Westside Investment Management Inc. increased its stake in shares of Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after buying an additional 65 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Cloudflare in the second quarter worth $29,000. Finally, ORG Wealth Partners LLC raised its holdings in Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after buying an additional 70 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Stock Up 2.6%

Shares of NYSE NET opened at $220.99 on Tuesday. The firm has a fifty day simple moving average of $188.38 and a two-hundred day simple moving average of $203.34. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $77.41 billion, a PE ratio of -762.02 and a beta of 1.98.

Cloudflare (NYSE:NET) last announced its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $614.51 million for the quarter, compared to analyst estimates of $591.67 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. Equities analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NET shares. Wolfe Research reissued a “peer perform” rating on shares of Cloudflare in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, January 21st. TD Cowen reiterated a “buy” rating on shares of Cloudflare in a report on Tuesday, January 27th. Mizuho cut their target price on Cloudflare from $280.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Finally, Barclays boosted their price target on Cloudflare from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.38.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Technical breakout and momentum: Several market pieces highlight Cloudflare climbing off a cup base and looking to extend a weekly win streak, reinforcing short‑term technical buying interest. Cloudflare Stock On The Rise And Looks To Extend Weekly Win Streak
• Positive Sentiment: Fundamental bull case reiterated: A bullish investor note cites accelerating revenue (≈34% YoY), expanding backlog (+48%) and strong net‑retention (~120%), arguing Cloudflare can outgrow peers and targeting $300+. That supports longer‑term investor confidence. Cloudflare: Loaded Up At $170, Where I’ll Load Up Next
• Positive Sentiment: AI/security partnerships boost TAM and product relevance: Expanded integrations with SentinelOne (edge telemetry/Zero Trust into AI SIEM) and reports of Coinbase using Cloudflare infra for an AI‑agent stablecoin highlight new revenue avenues tied to AI and cybersecurity. Does AI-Focused Partnerships With SentinelOne And Coinbase Reshape The Bull Case For Cloudflare (NET)?
• Neutral Sentiment: Investor interest and coverage: Cloudflare is among the most‑searched/talked about names on Zacks recently, which can increase trading volume but isn’t a direct fundamental catalyst. Cloudflare, Inc. (NET) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Analyst fair value range roughly in line with price: One model nudged fair value to about $232, leaving consensus targets near current levels — a mixed signal that balances AI optimism with valuation caution. How The Cloudflare (NET) Investment Narrative Is Shifting Around AI Themes And Valuation Caution
• Neutral Sentiment: Market‑wide catalyst helped lift shares: Broader market rally (linked to geopolitical comments) provided a near‑term lift rather than company‑specific news. Cloudflare (NET) Stock Is Up, What You Need To Know
• Negative Sentiment: Insider sale: A director sold roughly $3.4M of stock, which can be viewed negatively by some investors even if it’s for diversification. Cloudflare (NYSE:NET) Director Sells $3,405,750.00 in Stock
• Negative Sentiment: Valuation concerns persist: Critical analysis warns that Cloudflare’s strong execution is paired with a high/“mathematically impossible” valuation for some measures — a key downside risk if growth slows. Cloudflare: Flawless Execution Meets Mathematically Impossible Valuation

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 10,341 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $212.30, for a total transaction of $2,195,394.30. Following the transaction, the chief financial officer owned 224,625 shares in the company, valued at approximately $47,687,887.50. This represents a 4.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carl Ledbetter sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $227.05, for a total value of $3,405,750.00. Following the completion of the transaction, the director directly owned 938,073 shares of the company’s stock, valued at $212,989,474.65. This represents a 1.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 641,768 shares of company stock worth $122,539,186. Insiders own 10.89% of the company’s stock.

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.