USS Investment Management Ltd boosted its holdings in shares of Cloudflare, Inc. (NYSE:NET – Free Report) by 452.3% during the first quarter, Holdings Channel reports. The firm owned 296,322 shares of the company’s stock after acquiring an additional 242,668 shares during the quarter. USS Investment Management Ltd’s holdings in Cloudflare were worth $61,156,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of NET. IMA Advisory Services Inc. lifted its holdings in Cloudflare by 4.5% in the 4th quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after buying an additional 55 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after buying an additional 56 shares during the period. Silver Oak Securities Incorporated increased its stake in shares of Cloudflare by 5.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock valued at $218,000 after buying an additional 57 shares during the period. Certuity LLC raised its holdings in shares of Cloudflare by 1.8% during the fourth quarter. Certuity LLC now owns 3,156 shares of the company’s stock valued at $622,000 after acquiring an additional 57 shares in the last quarter. Finally, Cigna Investments Inc. New raised its holdings in shares of Cloudflare by 2.0% during the fourth quarter. Cigna Investments Inc. New now owns 3,062 shares of the company’s stock valued at $604,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.
Insider Activity
In related news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $224.30, for a total transaction of $11,749,731.20. The sale was disclosed in a legal 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, Director John Graham-Cumming sold 2,520 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $235.95, for a total transaction of $594,594.00. Following the sale, the director directly owned 494,067 shares in the company, valued at $116,575,108.65. The trade was a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 566,112 shares of company stock worth $121,310,716. 10.66% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Cloudflare Trading Up 0.5%
NET opened at $245.09 on Wednesday. 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 52 week low of $158.83 and a 52 week high of $276.82. The stock has a market cap of $86.63 billion, a PE ratio of -980.34, a PEG ratio of 245.50 and a beta of 1.70. The business has a 50 day moving average of $223.87 and a 200-day moving average of $204.07.
Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $639.75 million for 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 revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the prior year, the firm earned $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 predict that Cloudflare, Inc. will post 0.02 earnings per share for the current fiscal 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.
Read More
- Five stocks we like better than Cloudflare
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Want to see what other hedge funds are holding NET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cloudflare, Inc. (NYSE:NET – Free Report).
Receive News & Ratings for Cloudflare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudflare and related companies with MarketBeat.com's FREE daily email newsletter.
