Lingotto Investment Management LLP bought a new position in shares of Cloudflare, Inc. (NYSE:NET – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 175,635 shares of the company’s stock, valued at approximately $34,626,000. Cloudflare accounts for approximately 0.6% of Lingotto Investment Management LLP’s holdings, making the stock its 22nd biggest position.
Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Cloudflare by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock worth $6,389,167,000 after buying an additional 90,397 shares during the period. Geode Capital Management LLC raised its stake in shares of Cloudflare by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after buying an additional 241,981 shares during the period. Invesco Ltd. raised its stake in shares of Cloudflare by 1.3% during the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after buying an additional 49,485 shares during the period. Norges Bank acquired a new position in shares of Cloudflare during the 4th quarter worth approximately $718,316,000. Finally, Legal & General Group Plc raised its stake in shares of Cloudflare by 4.9% during the 4th quarter. Legal & General Group Plc now owns 2,824,772 shares of the company’s stock worth $556,904,000 after buying an additional 131,127 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on NET shares. Barclays reaffirmed an “overweight” rating and set a $250.00 target price on shares of Cloudflare in a research note on Monday. New Street Research set a $140.00 price target on Cloudflare in a research report on Wednesday, February 11th. Scotiabank dropped their price target on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 11th. Guggenheim boosted their price target on Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research report on Wednesday, February 11th. Finally, Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $236.68.
Cloudflare Stock Up 11.6%
Shares of NYSE:NET opened at $269.87 on Tuesday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The business has a fifty day moving average of $209.52 and a two-hundred day moving average of $198.92. The stock has a market cap of $95.39 billion, a P/E ratio of -1,079.48 and a beta of 1.67. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $271.20.
Cloudflare (NYSE:NET – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $639.76 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%.The firm’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the business 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.
Insider Buying and Selling
In other Cloudflare news, CAO Janel Riley sold 3,481 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $193.32, for a total value of $672,946.92. Following the completion of the sale, the chief accounting officer directly owned 49,163 shares in the company, valued at $9,504,191.16. This represents a 6.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $211.83, for a total value of $5,431,533.03. Following the completion of the sale, the insider owned 47,425 shares of the company’s stock, valued at approximately $10,046,037.75. The trade was a 35.09% 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 576,464 shares of company stock worth $121,021,760 over the last quarter. Corporate insiders own 10.89% of the company’s stock.
Cloudflare 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.
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