Cloudflare, Inc. $NET Stake Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Cloudflare, Inc. (NYSE:NET) by 0.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 411,076 shares of the company’s stock after purchasing an additional 3,343 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Cloudflare were worth $84,447,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NET. Jamison Private Wealth Management Inc. raised its stake in Cloudflare by 2.6% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock valued at $426,000 after purchasing an additional 52 shares during the period. Revisor Wealth Management LLC increased its holdings in shares of Cloudflare by 4.0% in the 1st quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock valued at $287,000 after purchasing an additional 53 shares during the period. IMA Advisory Services Inc. lifted its position in shares of Cloudflare by 4.5% in the fourth quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after purchasing an additional 55 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares during the period. Finally, Silver Oak Securities Incorporated boosted its holdings in shares of Cloudflare by 5.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock worth $218,000 after purchasing an additional 57 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NET. Piper Sandler restated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Barclays boosted their target price on shares of Cloudflare from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday. Susquehanna lifted their price target 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. Needham & Company LLC boosted their price target on Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 price target on shares of Cloudflare in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $253.41.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Morgan Stanley raised its price target on Cloudflare from $305 to $322 and reiterated an overweight rating, signaling stronger confidence in the company’s upside. This kind of analyst upgrade can help support the stock. Morgan Stanley price target increase on Cloudflare
• Positive Sentiment: Cloudflare launched Precursor, a new bot-management product designed to detect sophisticated automated attacks in real time. The launch reinforces the company’s cybersecurity and privacy narrative, which is a key driver of investor optimism. Cloudflare launches Precursor
• Positive Sentiment: Recent commentary continues to highlight Cloudflare as a beneficiary of rising demand for cybersecurity and AI infrastructure, and the stock has also been mentioned favorably in momentum-stock and “best cybersecurity stocks” roundups. Cloudflare momentum stock article
• Neutral Sentiment: Other recent articles emphasize Cloudflare’s strong three-year run and rising fair-value estimates, but also note that the shares already trade at a rich valuation. That may limit near-term upside if growth does not keep accelerating. Cloudflare valuation article
• Neutral Sentiment: The stock also got a “gains as market dips” mention, reflecting relative strength versus the broader market rather than a company-specific catalyst. Cloudflare gains as market dips article

Insider Activity

In related news, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 47,425 shares of the company’s stock, valued at approximately $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, CEO Matthew Prince sold 52,422 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 616,185 shares of company stock worth $137,831,055 over the last 90 days. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare Price Performance

NYSE:NET opened at $277.84 on Friday. The firm has a fifty day simple moving average of $236.36 and a 200 day simple moving average of $209.95. The stock has a market capitalization of $98.21 billion, a PE ratio of -1,111.37, a P/E/G ratio of 277.70 and a beta of 1.67. 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 1-year low of $158.83 and a 1-year high of $291.00.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’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. On average, research analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

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.