National Pension Service Raises Stock Position in Cloudflare, Inc. $NET

National Pension Service lifted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 53.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 948,003 shares of the company’s stock after buying an additional 329,341 shares during the quarter. National Pension Service owned about 0.27% of Cloudflare worth $186,899,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. lifted its position in shares of Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after buying an additional 104 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare during the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. lifted its position in shares of Cloudflare by 100.0% during the 3rd 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 last quarter. Wexford Capital LP purchased a new stake in shares of Cloudflare during the 3rd quarter worth approximately $30,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Cloudflare during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Up 6.0%

NET stock opened at $241.82 on Friday. The company has a fifty day moving average price of $208.57 and a 200 day moving average price of $198.97. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $260.00. The company has a market cap of $85.47 billion, a price-to-earnings ratio of -967.27 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. Cloudflare’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NET. Zacks Research upgraded shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. New Street Research set a $140.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. The Goldman Sachs Group downgraded shares of Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Finally, UBS Group reiterated a “neutral” rating and issued a $220.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and an average target price of $236.68.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $209.08, for a total value of $10,952,446.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares in the company, valued at $10,148,001.50. This represents a 42.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 585,862 shares of company stock worth $121,988,011 over the last three months. 10.89% of the stock is currently owned by corporate insiders.

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.