LGT Fund Management Co Ltd. bought a new stake in Cloudflare, Inc. (NYSE:NET – Free Report) in the first quarter, HoldingsChannel.com reports. The firm bought 39,292 shares of the company’s stock, valued at approximately $8,108,000.
Several other institutional investors and hedge funds have also modified their holdings of NET. HM Payson & Co. bought a new position in Cloudflare during the fourth quarter worth about $25,000. Wiser Advisor Group LLC bought a new stake in Cloudflare in the 3rd quarter valued at about $26,000. Wexford Capital LP acquired a new position in shares of Cloudflare during the 3rd quarter worth approximately $30,000. Brown Brothers Harriman & Co. grew its position in shares of Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Cloudflare during the fourth quarter worth approximately $35,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
NET has been the subject of several recent research reports. Morgan Stanley started coverage on Cloudflare in a research note on Tuesday. They issued an “overweight” rating for the company. New Street Research restated a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research report on Wednesday, June 10th. TD Cowen assumed coverage on shares of Cloudflare in a report on Tuesday. They issued a “buy” rating on the stock. Finally, Citigroup raised shares of Cloudflare from a “market outperform” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $245.96.
Key Cloudflare News
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: BTIG Research raised its price target on Cloudflare to $314 from $269 and kept a Buy rating, signaling further upside potential for the stock. BTIG raises Cloudflare price target
- Positive Sentiment: Scotiabank upgraded Cloudflare to Sector Outperform with a $300 target, citing AI, agentic traffic, edge computing, and zero-trust security as key growth drivers. Scotiabank upgrades Cloudflare
- Positive Sentiment: Multiple articles highlighted Cloudflare as one of the cloud-computing names best positioned to benefit from AI-driven data-center growth in the second half of 2026. Cloudflare named as a top cloud computing stock
- Positive Sentiment: Coverage around Cloudflare’s deal with OpenAI and broader AI infrastructure buzz has added to optimism that the company can capture more AI-related traffic and demand. Cloudflare deal with OpenAI
- Neutral Sentiment: Director Carl Ledbetter sold 5,000 shares, but the transaction was done under a pre-arranged Rule 10b5-1 plan and is not necessarily a negative fundamental signal. Carl Ledbetter sells Cloudflare shares
- Neutral Sentiment: Recent roundup pieces comparing Cloudflare with other content-delivery stocks did not appear to change the investment thesis materially, but they helped keep NET in the spotlight. Cloudflare versus content delivery peers
Cloudflare Price Performance
NYSE NET traded down $7.34 during trading on Friday, hitting $268.46. 2,301,316 shares of the company’s stock were exchanged, compared to its average volume of 2,982,934. The company has a market cap of $94.89 billion, a PE ratio of -1,073.84, a P/E/G ratio of 270.32 and a beta of 1.67. 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, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $280.14. The stock’s 50 day moving average price is $231.89 and its two-hundred day moving average price is $207.40.
Cloudflare (NYSE:NET – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.75 million for 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%. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period last year, the company posted $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. Research analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current year.
Insider Activity at Cloudflare
In other news, CEO Matthew Prince sold 52,422 shares of the company’s stock in a transaction on 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 can be accessed through 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 stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the transaction, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. 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 three months, insiders sold 626,185 shares of company stock valued at $139,810,855. 10.66% of the stock is owned by insiders.
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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