CI Investments Inc. Raises Stock Holdings in Cloudflare, Inc. $NET

Posted by Brenda Bartman on Jul 22nd, 2026

CI Investments Inc. boosted its position in shares of Cloudflare, Inc. (NYSE:NET – Free Report) by 122.8% in the first quarter, HoldingsChannel.com reports. The fund owned 231,386 shares of the company’s stock after acquiring an additional 127,552 shares during the quarter. CI Investments Inc.’s holdings in Cloudflare were worth $47,744,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Pacific Sun Financial Corp purchased a new position in shares of Cloudflare in the first quarter worth about $206,000. PNC Financial Services Group Inc. boosted its position in Cloudflare by 20.3% in the first quarter. PNC Financial Services Group Inc. now owns 14,281 shares of the company’s stock valued at $2,947,000 after buying an additional 2,412 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in Cloudflare in the first quarter valued at approximately $1,911,000. Cassaday & Co Wealth Management LLC acquired a new position in Cloudflare in the 1st quarter worth approximately $53,000. Finally, Florida Financial Advisors LLC increased its holdings in Cloudflare by 22.4% in the 1st quarter. Florida Financial Advisors LLC now owns 5,611 shares of the company’s stock worth $1,158,000 after buying an additional 1,025 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NET. Mizuho lifted their price objective on shares of Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Susquehanna increased their price objective on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Sanford C. Bernstein reissued a “market perform” rating and set a $136.00 target price on shares of Cloudflare in a report on Wednesday, June 10th. Scotiabank upgraded shares of Cloudflare from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $225.00 to $300.00 in a research report on Tuesday, July 7th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.59.

Check Out Our Latest Analysis on NET

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $219.11, for a total transaction of $5,618,199.51. Following the sale, the insider directly owned 47,425 shares in the company, valued at $10,391,291.75. This trade represents a 35.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $247.28, for a total value of $623,145.60. Following the sale, the director owned 494,909 shares in the company, valued at $122,381,097.52. This trade represents a 0.51% decrease in their ownership of the stock. 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 90 days, insiders sold 564,903 shares of company stock worth $127,356,194. 10.66% of the stock is currently owned by company insiders.

Cloudflare Stock Performance

NET opened at $272.50 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a fifty day moving average price of $239.64 and a 200 day moving average price of $211.05. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $291.00. The stock has a market cap of $96.32 billion, a P/E ratio of -1,090.02, a P/E/G ratio of 277.66 and a beta of 1.67.

Cloudflare (NYSE:NET – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter last year, the business earned $0.16 earnings per share. The firm’s revenue was up 33.5% on a year-over-year basis. 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 anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

About Cloudflare

(Free Report)

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.