Amova Asset Management Americas Inc. Reduces Holdings in Cloudflare, Inc. $NET

Amova Asset Management Americas Inc. cut its stake in Cloudflare, Inc. (NYSE:NET) by 15.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 527,301 shares of the company’s stock after selling 97,178 shares during the period. Cloudflare comprises approximately 1.1% of Amova Asset Management Americas Inc.’s portfolio, making the stock its 24th largest position. Amova Asset Management Americas Inc. owned approximately 0.15% of Cloudflare worth $113,085,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC grew its stake in Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after buying an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Cloudflare during the second quarter worth approximately $424,000. World Investment Advisors acquired a new position in shares of Cloudflare in the 2nd quarter valued at $255,000. Atria Investments Inc acquired a new position in shares of Cloudflare in the 2nd quarter valued at $1,622,000. Finally, Huntington National Bank raised its position in Cloudflare by 22.8% in the 2nd quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare News Roundup

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on NET. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, January 21st. New Street Research set a $140.00 target price on shares of Cloudflare in a research note on Wednesday, February 11th. Wolfe Research restated a “peer perform” rating on shares of Cloudflare in a research report on Monday, January 26th. Royal Bank Of Canada upped their price objective on Cloudflare from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Finally, Guggenheim lifted their target price on Cloudflare from $117.00 to $140.00 and gave the company a “sell” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and an average target price of $230.70.

Insider Activity at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $201.23, for a total transaction of $10,541,232.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $187.39, for a total value of $6,573,641.20. Following the completion of the transaction, the insider owned 34,514 shares of the company’s stock, valued at approximately $6,467,578.46. This represents a 50.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 555,262 shares of company stock valued at $104,705,441 in the last ninety days. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Shares of NET opened at $186.06 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a 50-day simple moving average of $184.65 and a 200-day simple moving average of $202.60. The company has a market capitalization of $65.17 billion, a PE ratio of -641.56 and a beta of 1.98.

Cloudflare (NYSE:NET) last issued its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $591.67 million. During the same period in the prior year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. Equities research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

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.