Arrowstreet Capital Limited Partnership Buys 60,605 Shares of Cloudflare, Inc. $NET

Arrowstreet Capital Limited Partnership increased its stake in Cloudflare, Inc. (NYSE:NET) by 13.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 512,554 shares of the company’s stock after purchasing an additional 60,605 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Cloudflare were worth $101,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NET. Aptus Capital Advisors LLC bought a new position in shares of Cloudflare during the fourth quarter worth about $257,000. Alamea Verwaltungs GmbH boosted its position in Cloudflare by 30.6% during the 4th quarter. Alamea Verwaltungs GmbH now owns 2,519 shares of the company’s stock worth $497,000 after acquiring an additional 590 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Cloudflare by 0.9% during the 4th quarter. Kestra Advisory Services LLC now owns 26,057 shares of the company’s stock worth $5,137,000 after acquiring an additional 228 shares in the last quarter. Cordoba Advisory Partners LLC bought a new position in shares of Cloudflare during the 4th quarter worth approximately $289,000. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Cloudflare by 162.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 265 shares of the company’s stock valued at $52,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analyst Ratings Changes

NET has been the topic of a number of research reports. New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research report on Monday. Jefferies Financial Group initiated coverage on shares of Cloudflare in a research note on Wednesday, April 15th. They issued a “buy” rating on the stock. Royal Bank Of Canada boosted their price target on shares of Cloudflare from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Barclays restated an “overweight” rating and set a $250.00 price objective on shares of Cloudflare in a research note on Monday, June 1st. Finally, UBS Group raised their price objective on Cloudflare from $220.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. Twenty-one analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.35.

Cloudflare Price Performance

Shares of NET opened at $234.88 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The company’s fifty day simple moving average is $216.57 and its 200 day simple moving average is $202.00. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $276.82. The company has a market cap of $83.02 billion, a price-to-earnings ratio of -939.51, a PEG ratio of 481.14 and a beta of 1.70.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter last year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, research analysts forecast that Cloudflare, Inc. will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $200.61, for a total transaction of $2,006,100.00. Following the completion of the transaction, the chief financial officer owned 212,014 shares in the company, valued at approximately $42,532,128.54. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katrin Suder sold 293 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $252.92, for a total value of $74,105.56. Following the transaction, the director directly owned 37,430 shares in the company, valued at approximately $9,466,795.60. This trade represents a 0.78% 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 sold a total of 465,059 shares of company stock worth $98,655,975 in the last three months. Insiders own 10.66% of the company’s stock.

About Cloudflare

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.