Cloudflare, Inc. $NET Holdings Increased by Swedbank AB

Swedbank AB lifted its stake in Cloudflare, Inc. (NYSE:NET) by 697.5% in the first quarter, HoldingsChannel reports. The fund owned 927,606 shares of the company’s stock after purchasing an additional 811,297 shares during the quarter. Swedbank AB’s holdings in Cloudflare were worth $191,402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NET. Norges Bank bought a new stake in Cloudflare during the fourth quarter worth approximately $718,316,000. Jennison Associates LLC increased its position in shares of Cloudflare by 802.6% during the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock valued at $367,411,000 after purchasing an additional 1,657,144 shares during the period. Corient Private Wealth LLC increased its position in shares of Cloudflare by 4,042.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the period. Groupama Asset Managment raised its stake in shares of Cloudflare by 82.6% in the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after buying an additional 950,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Cloudflare by 25.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after buying an additional 336,768 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Scotiabank upgraded Cloudflare to Sector Outperform and raised its price target to $300, highlighting improved analyst confidence in the company’s growth and valuation outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
• Positive Sentiment: Recent coverage continued to frame Cloudflare as a high-growth cybersecurity name, helped by its July 1 announcement of new classifications, enhanced analytics, and commercial partnerships tied to transparent AI companies, which could support future monetization. Is Cloudflare (NET) the Best High Growth Cybersecurity Stock to Buy Now?
• Neutral Sentiment: CEO Matthew Prince disclosed several stock sales, including a July 6 sale of 52,383 shares and a July 2 sale of 33,631 shares. The transactions were made under pre-arranged Rule 10b5-1 plans, which makes them less likely to reflect a change in management’s view of the business. Cloudflare (NYSE:NET) CEO Sells 33,631 Shares

Analysts Set New Price Targets

Several analysts have recently weighed in on NET shares. Morgan Stanley initiated coverage on Cloudflare in a report on Tuesday. They issued an “overweight” rating for the company. Mizuho boosted their price target on shares of Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Benchmark downgraded shares of Cloudflare to an “underperform” rating in a report on Tuesday. Raymond James Financial assumed coverage on shares of Cloudflare in a research report on Tuesday. They set a “strong-buy” rating for the company. Finally, Citigroup raised shares of Cloudflare from a “market outperform” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average price target of $244.23.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,383 shares of Cloudflare stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $247.28, for a total transaction of $12,953,268.24. The transaction was disclosed in a legal filing with the SEC, 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 company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $232.39, for a total value of $2,323,900.00. Following the completion of the transaction, the chief financial officer owned 116,733 shares in the company, 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. Over the last quarter, insiders have sold 671,049 shares of company stock valued at $149,042,468. 10.66% of the stock is owned by insiders.

Cloudflare Stock Up 5.9%

NYSE:NET traded up $14.53 during trading hours on Tuesday, hitting $262.08. 1,667,746 shares of the stock traded hands, compared to its average volume of 4,458,864. The firm has a 50 day moving average price of $226.93 and a 200 day moving average price of $205.29. The firm has a market cap of $92.64 billion, a price-to-earnings ratio of -1,045.67, a PEG ratio of 244.14 and a beta of 1.67. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week 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 issued its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.Cloudflare’s revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Equities research analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

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.