Resona Asset Management Co. Ltd. Has $18.02 Million Position in Cloudflare, Inc. $NET

Resona Asset Management Co. Ltd. cut its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,145 shares of the company’s stock after selling 3,040 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Cloudflare were worth $18,019,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Cloudflare by 7.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,112 shares of the company’s stock worth $1,402,000 after acquiring an additional 489 shares during the last quarter. WD Rutherford LLC bought a new stake in Cloudflare in the 4th quarter valued at $925,000. TD Private Client Wealth LLC boosted its stake in Cloudflare by 8.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,336 shares of the company’s stock valued at $263,000 after purchasing an additional 102 shares during the period. North Dakota State Investment Board bought a new stake in Cloudflare in the 4th quarter valued at $2,243,000. Finally, Soltis Investment Advisors LLC boosted its stake in Cloudflare by 6.8% in the 4th quarter. Soltis Investment Advisors LLC now owns 34,166 shares of the company’s stock valued at $6,736,000 after purchasing an additional 2,176 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, which could strengthen its positioning in AI infrastructure and developer tooling. Cloudflare Brings Secure, Scalable Sandboxes to Claude Managed Agents
• Positive Sentiment: Recent coverage highlighted Cloudflare’s AI-first pivot and workforce reduction as part of a strategy to improve efficiency while expanding AI products, which may be viewed as a margin and growth catalyst. Cloudflare Reshapes Business With AI Pivot And 20% Workforce Cut
• Positive Sentiment: Investor interest in AI-linked internet software names and a sectorwide lift after a strong Cisco report have also helped sentiment around NET. Why Cloudflare (NET) Stock Is Trading Up Today
• Neutral Sentiment: Analyst and media commentary continues to group Cloudflare with other AI software beneficiaries, but this is more sentiment-driven than a new fundamental update. Fastly’s Compute Revenues Surge: Is AI Demand Powering Growth?
• Negative Sentiment: Chief accounting officer Janel Riley sold shares in two separate transactions, and CFO Thomas J. Seifert also sold 10,000 shares, which can create some short-term pressure even though all were under pre-arranged 10b5-1 plans.

Analyst Ratings Changes

Several research firms recently issued reports on NET. Morgan Stanley set a $245.00 price target on Cloudflare in a research note on Wednesday, February 11th. Royal Bank Of Canada boosted their price target on Cloudflare from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Stifel Nicolaus set a $260.00 price target on Cloudflare in a research note on Friday, May 8th. Jefferies Financial Group began coverage on Cloudflare in a research note on Wednesday, April 15th. They issued a “buy” rating for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research note on Monday, April 20th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.68.

Cloudflare Trading Up 2.5%

Shares of Cloudflare stock opened at $206.81 on Wednesday. The company has a market capitalization of $73.10 billion, a price-to-earnings ratio of -827.25 and a beta of 1.67. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 12-month low of $154.93 and a 12-month high of $260.00. The firm’s 50-day moving average price is $207.36 and its two-hundred day moving average price is $199.61.

Cloudflare (NYSE:NET) last released its 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. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period last year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, analysts forecast that Cloudflare, Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,557 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $185.04, for a total value 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. This trade represents a 32.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $173.78, for a total transaction of $9,103,291.52. Following the completion of the transaction, the chief executive officer directly owned 22,911 shares in the company, valued at approximately $3,981,473.58. This represents a 69.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 653,060 shares of company stock valued at $128,655,860 in the last ninety days. 10.89% of the stock is currently owned by company 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.