IFM Investors Pty Ltd Acquires 2,601 Shares of Cloudflare, Inc. $NET

IFM Investors Pty Ltd increased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 63,964 shares of the company’s stock after purchasing an additional 2,601 shares during the period. IFM Investors Pty Ltd’s holdings in Cloudflare were worth $13,198,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Cloudflare in the 4th quarter worth approximately $718,316,000. Jennison Associates LLC grew its position in Cloudflare by 802.6% in the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock worth $367,411,000 after purchasing an additional 1,657,144 shares during the last quarter. Corient Private Wealth LLC increased its stake in Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after acquiring an additional 1,365,598 shares during the period. Groupama Asset Managment raised its stake in shares of Cloudflare by 82.6% in the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock valued at $450,639,000 after purchasing an additional 950,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Cloudflare by 25.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after acquiring an additional 336,768 shares during the period. Institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the topic of several recent analyst reports. Stifel Nicolaus set a $260.00 price target on Cloudflare in a research note on Friday, May 8th. Citigroup reaffirmed a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Royal Bank Of Canada increased their price target on shares of Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, Piper Sandler restated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Twenty-one research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $241.35.

Cloudflare Stock Performance

Shares of NET stock opened at $246.41 on Thursday. The firm has a market cap of $87.10 billion, a PE ratio of -985.64, a P/E/G ratio of 247.03 and a beta of 1.67. The company’s fifty day simple moving average is $224.70 and its 200-day simple moving average is $204.34. The company has a quick ratio of 1.96, a current 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.

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

Insider Transactions at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares of the company’s stock, 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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $210.02, for a total transaction of $11,001,687.68. 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 566,112 shares of company stock valued at $121,310,716 in the last quarter. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare Company 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.