Los Angeles Capital Management LLC grew its stake in Cloudflare, Inc. (NYSE:NET – Free Report) by 40.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,529 shares of the company’s stock after acquiring an additional 72,555 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Cloudflare were worth $49,589,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in 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 purchasing an additional 90,397 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 purchasing an additional 241,981 shares in the last quarter. Invesco Ltd. increased its stake in 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 purchasing an additional 49,485 shares in the last quarter. Norges Bank bought a new stake in Cloudflare during the 4th quarter worth approximately $718,316,000. Finally, Legal & General Group Plc increased its stake in 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 purchasing an additional 131,127 shares in the last quarter. 82.68% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was 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. This represents a 35.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Janel Riley sold 3,481 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were 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 of the company’s stock, valued at approximately $9,504,191.16. The trade was a 6.61% 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. Insiders have sold a total of 527,491 shares of company stock worth $111,729,711 in the last quarter. 10.89% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on NET
Cloudflare Trading Down 6.8%
NYSE NET opened at $250.35 on Friday. The company has a market cap of $88.49 billion, a PE ratio of -1,001.40 and a beta of 1.70. 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 $276.82. The stock has a 50 day moving average of $213.32 and a 200-day moving average of $200.38.
Cloudflare (NYSE:NET – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm 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.
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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