The Manufacturers Life Insurance Company boosted its position in shares of Cloudflare, Inc. (NYSE:NET – Free Report) by 25.4% during the first quarter, Holdings Channel.com reports. The fund owned 18,401 shares of the company’s stock after acquiring an additional 3,732 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Cloudflare were worth $3,797,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. HM Payson & Co. purchased a new position in shares of Cloudflare during the 4th quarter valued at $25,000. Wiser Advisor Group LLC bought a new stake in Cloudflare during the third quarter valued at about $26,000. Wexford Capital LP bought a new stake in Cloudflare during the third quarter valued at about $30,000. Brown Brothers Harriman & Co. lifted its position in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Cloudflare in the fourth quarter worth about $35,000. 82.68% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts recently issued reports on NET shares. Piper Sandler increased their target price on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research report on Friday. Truist Financial upped their price target on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Cloudflare from $300.00 to $380.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group reiterated a “buy” rating and set a $389.00 price objective on shares of Cloudflare in a research report on Friday. Finally, Jefferies Financial Group set a $350.00 target price on shares of Cloudflare in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $311.48.
Cloudflare Stock Up 5.8%
Shares of NYSE NET opened at $301.00 on Friday. 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 12-month low of $158.83 and a 12-month high of $324.73. The firm’s 50-day moving average price is $257.02 and its 200-day moving average price is $218.84. The stock has a market capitalization of $106.39 billion, a price-to-earnings ratio of -518.96, a P/E/G ratio of 212.72 and a beta of 1.65.
Cloudflare (NYSE:NET – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.99% and a negative net margin of 8.21%.The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. During the same quarter in the previous year, the business earned $0.21 EPS. Cloudflare’s revenue was up 35.9% compared to the same quarter last year. On average, equities research analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.
Key Cloudflare News
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
- Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
- Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
- Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
- Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
- Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.
Insider Transactions at Cloudflare
In related news, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction that occurred on 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 owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This represents a 42.52% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CFO Thomas J. Seifert sold 55,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the transaction, the chief financial officer directly owned 113,790 shares in the company, valued at $34,171,137. The trade was a 32.58% 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 three months, insiders have sold 749,532 shares of company stock valued at $183,882,628. 10.66% of the stock is currently owned by company 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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