Cloudflare, Inc. $NET Shares Sold by KBC Group NV

KBC Group NV lowered its holdings in Cloudflare, Inc. (NYSE:NET) by 64.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 336,353 shares of the company’s stock after selling 600,568 shares during the quarter. KBC Group NV’s holdings in Cloudflare were worth $69,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new stake in Cloudflare during the fourth quarter worth approximately $718,316,000. Jennison Associates LLC increased its stake in Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after purchasing an additional 1,365,598 shares in the last quarter. Swedbank AB raised its holdings in Cloudflare by 697.5% during the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after purchasing an additional 811,297 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised 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 purchasing an additional 336,768 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew Prince sold 52,422 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total transaction of $13,057,795.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $213.98, for a total value of $7,506,418.40. Following the transaction, the insider directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. This represents a 42.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 590,544 shares of company stock worth $132,719,009. 10.66% of the stock is currently owned by company insiders.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $272.27 on Tuesday. The firm’s fifty day simple moving average is $237.94 and its 200-day simple moving average is $210.52. The stock has a market capitalization of $96.24 billion, a price-to-earnings ratio of -1,089.08, a PEG ratio of 283.00 and a beta of 1.67. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $291.00. 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 $639.75 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. As a group, equities analysts forecast that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler restated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Benchmark downgraded shares of Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Susquehanna raised their price objective on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Citizens Jmp lifted their target price on Cloudflare from $270.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $256.74.

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.