Cloudflare, Inc. $NET Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in shares of Cloudflare, Inc. (NYSE:NET) by 17.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,381,985 shares of the company’s stock after purchasing an additional 206,506 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Cloudflare were worth $284,900,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Lingotto Investment Management LLP acquired a new stake in shares of Cloudflare in the 4th quarter worth about $34,626,000. Trek Financial LLC acquired a new stake in Cloudflare in the fourth quarter worth approximately $1,793,000. Jupiter Asset Management Ltd. boosted its stake in Cloudflare by 1,984.7% during the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after buying an additional 188,226 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after acquiring an additional 336,768 shares during the period. Finally, Thrivent Financial for Lutherans bought a new stake in Cloudflare in the fourth quarter worth about $5,543,000. Institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Mizuho upped their price target on shares of Cloudflare from $235.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. TD Cowen reiterated a “buy” rating on shares of Cloudflare in a report on Wednesday, June 10th. Piper Sandler reiterated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Morgan Stanley restated an “overweight” rating and set a $305.00 target price on shares of Cloudflare in a report on Thursday, June 4th. Finally, New Street Research restated a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and an average price target of $241.35.

Cloudflare Trading Up 4.6%

Shares of NET opened at $237.06 on Friday. The business’s 50-day moving average price is $222.06 and its 200 day moving average price is $203.62. The stock has a market capitalization of $83.79 billion, a P/E ratio of -948.24, a P/E/G ratio of 238.93 and a beta of 1.70. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $276.82. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s revenue for the quarter 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. Analysts expect that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Insider Buying and Selling at Cloudflare

In related news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $224.30, for a total value of $11,749,731.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $232.39, for a total transaction of $2,323,900.00. Following the completion of the transaction, the chief financial officer directly owned 116,733 shares of the company’s stock, valued at $27,127,581.87. This represents a 7.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 566,245 shares of company stock valued at $121,338,593 over the last three months. 10.66% of the stock is owned by insiders.

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.