Assetmark Inc. Acquires 2,746 Shares of Cloudflare, Inc. $NET

Assetmark Inc. lifted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,992 shares of the company’s stock after buying an additional 2,746 shares during the period. Assetmark Inc.’s holdings in Cloudflare were worth $10,942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NET. Reliant Investment Partners LLC grew its stake in Cloudflare by 1.5% in the third quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock valued at $718,000 after purchasing an additional 50 shares in the last quarter. Daymark Wealth Partners LLC boosted its holdings in shares of Cloudflare by 1.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock valued at $892,000 after buying an additional 51 shares during the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Cloudflare by 1.8% in the third quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock valued at $605,000 after buying an additional 51 shares in the last quarter. Huntington National Bank increased its holdings in Cloudflare by 22.8% during the second quarter. Huntington National Bank now owns 280 shares of the company’s stock worth $55,000 after buying an additional 52 shares during the last quarter. Finally, Fiduciary Planning LLC increased its holdings in Cloudflare by 3.0% during the second quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Buying and Selling

In related news, insider Michelle Zatlyn sold 35,099 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the sale, the insider owned 24,555 shares of the company’s stock, valued at $4,892,829.30. This represents a 58.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $202.19, for a total value of $10,591,520.96. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 565,963 shares of company stock valued at $111,028,286. 10.89% of the stock is owned by company insiders.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q4 beat — Cloudflare reported revenue of ~$614.5M (+33.6% YoY) and EPS of $0.28, with management highlighting record deal activity, rising RPO/cRPO and improving free cash flow. MSN: Q4 growth
• Positive Sentiment: Revenue guidance topped estimates — management raised FY‑2026 revenue outlook (management cited a figure near $2.795B), signaling confidence in sustained demand and driving the rally. Investing.com: Guidance beats
• Positive Sentiment: AI tailwind — multiple reports and management commentary point to rising “agentic” traffic (e.g., Moltbot) that boosts security, networking and edge services, creating a durable demand cycle. Yahoo: AI deals
• Positive Sentiment: Analyst upgrades and higher targets — several firms upgraded or raised targets (examples include Robert W. Baird to outperform/$260 and DZ Bank to buy/$215), adding conviction to the upside thesis. Finviz: Analyst moves
• Positive Sentiment: Elevated options activity — unusually large call buying (13,474 contracts) suggests short‑term bullish/speculative positioning around the stock.
• Neutral Sentiment: Mixed analyst notes — some firms reaffirm neutral/hold stances (Cantor Fitzgerald) or trimmed PTs modestly while keeping buy ratings, reflecting differing views on valuation vs. growth. Zacks: Analyst roundup
• Neutral Sentiment: Valuation questions persist — coverage pieces and valuation checks note Cloudflare’s rich multiples given ongoing margin/headwind dynamics, so upside depends on continued revenue leverage. Yahoo: Valuation check
• Negative Sentiment: Insider sale disclosed — director John Graham‑Cumming sold 2,520 shares; small relative to his holdings but noted by the market. SEC: Form 4
• Negative Sentiment: Institutional profit‑taking — at least one fund materially trimmed its stake in recent filings, evidence of some near‑term selling pressure amid the rally. DefenseWorld: Institutional trimming
• Negative Sentiment: Some target cuts — a few analysts reduced price targets (e.g., Scotiabank), underscoring uneven short‑term sentiment despite the beat. TickerReport: PT cuts

Cloudflare Price Performance

Cloudflare stock opened at $196.00 on Monday. The company has a market capitalization of $68.66 billion, a price-to-earnings ratio of -675.84 and a beta of 1.97. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The stock’s 50 day moving average is $190.27 and its 200-day moving average is $204.83.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. Cloudflare had a negative return on equity of 7.40% and a negative net margin of 4.72%.The firm’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. Equities research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on NET shares. Guggenheim increased their price target on shares of Cloudflare from $117.00 to $140.00 and gave the company a “sell” rating in a research note on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of Cloudflare in a report on Tuesday, January 27th. Cantor Fitzgerald reiterated a “neutral” rating and set a $224.00 price target on shares of Cloudflare in a report on Wednesday, February 11th. Scotiabank lowered their price target on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 11th. Finally, Truist Financial set a $225.00 price objective on Cloudflare in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $232.11.

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.