Alberta Investment Management Corp Makes New $5.30 Million Investment in Cloudflare, Inc. $NET

Alberta Investment Management Corp acquired a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,900 shares of the company’s stock, valued at approximately $5,303,000.

Several other institutional investors have also modified their holdings of the stock. HM Payson & Co. acquired a new stake in Cloudflare in the 4th quarter worth about $25,000. Wiser Advisor Group LLC purchased a new stake in Cloudflare in the 3rd quarter valued at $26,000. Wexford Capital LP acquired a new stake in shares of Cloudflare in the 3rd quarter worth $30,000. Ameriflex Group Inc. increased its stake in shares of Cloudflare by 105.6% in the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings 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 acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity

In related news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the sale, the insider owned 47,425 shares in the company, valued at $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. The transaction 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, Director Carl Ledbetter sold 15,000 shares of Cloudflare stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $238.12, for a total value of $3,571,800.00. Following the completion of the sale, the director directly owned 908,073 shares in the company, valued at $216,230,342.76. This represents a 1.63% 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. Over the last quarter, insiders have sold 400,195 shares of company stock worth $84,257,925. Insiders own 10.66% of the company’s stock.

Cloudflare Trading Down 1.9%

NYSE NET opened at $231.19 on Wednesday. The firm has a market cap of $81.72 billion, a price-to-earnings ratio of -924.75, a PEG ratio of 496.37 and a beta of 1.70. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a 50 day simple moving average of $216.97 and a 200-day simple moving average of $202.23.

Cloudflare (NYSE:NET) last issued 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. The company had revenue of $639.76 million during the quarter, compared to analysts’ expectations 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 revenue was up 33.5% compared to the same quarter last year. During the same quarter 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. Equities research analysts anticipate that Cloudflare, Inc. will post 0.01 EPS for the current fiscal year.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare continued to attract investor attention as one of Zacks’ most watched stocks, and the company also saw upbeat analyst support when Citizens JMP reaffirmed its “market outperform” rating with a $270 price target, implying meaningful upside from current levels.
• Positive Sentiment: Shares had recently benefited from broader enthusiasm for AI security plays, with Cloudflare mentioned alongside other cybersecurity names as investors rotated into the theme.
• Neutral Sentiment: A new third-party announcement highlighted a no-code Cloudflare integration from Spur to improve session enrichment and traffic enforcement, reinforcing Cloudflare’s ecosystem presence but not directly changing fundamentals.
• Neutral Sentiment: JLens urged shareholders to withhold votes on two directors ahead of the June 30 annual meeting, adding a governance-related headline that could keep some investors cautious.
• Negative Sentiment: A director, John Graham-Cumming, disclosed the sale of 2,520 shares under a pre-arranged trading plan, which can still weigh on sentiment even though the transaction was routine and small relative to his holdings.
• Negative Sentiment: Cloudflare also fell more than the broader market in the latest session, reflecting some profit-taking after earlier strength and mixed investor positioning.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Mizuho raised their price target on shares of Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Piper Sandler reiterated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. TD Cowen restated a “buy” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, The Goldman Sachs Group lowered Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

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.