Allen Investment Management LLC Has $70.78 Million Stock Position in Cloudflare, Inc. $NET

Allen Investment Management LLC lessened its holdings in Cloudflare, Inc. (NYSE:NET) by 26.1% in the 1st quarter, Holdings Channel reports. The firm owned 343,045 shares of the company’s stock after selling 120,872 shares during the quarter. Cloudflare accounts for 0.9% of Allen Investment Management LLC’s portfolio, making the stock its 28th biggest holding. Allen Investment Management LLC’s holdings in Cloudflare were worth $70,784,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Lingotto Investment Management LLP acquired a new stake in shares of Cloudflare in the fourth quarter worth about $34,626,000. Trek Financial LLC acquired a new position in shares of Cloudflare during the 4th quarter valued at about $1,793,000. Jupiter Asset Management Ltd. increased its holdings in shares of Cloudflare by 1,984.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after acquiring an additional 188,226 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Cloudflare by 25.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after acquiring an additional 336,768 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Cloudflare by 17.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after purchasing an additional 206,506 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

More Cloudflare News

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

Cloudflare Stock Up 0.1%

Shares of NET stock opened at $277.84 on Monday. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $291.00. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a market cap of $98.21 billion, a PE ratio of -1,111.37, a price-to-earnings-growth ratio of 283.00 and a beta of 1.67. The stock has a 50 day moving average of $236.36 and a 200-day moving average of $210.01.

Cloudflare (NYSE:NET) last announced its quarterly earnings data 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. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. During the same quarter last year, the company posted $0.16 earnings per share. Cloudflare’s quarterly 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, equities analysts predict that Cloudflare, Inc. will post 0.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on NET shares. UBS Group increased their price target on Cloudflare from $220.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. Citizens Jmp restated a “market outperform” rating and issued a $270.00 price objective on shares of Cloudflare in a research note on Monday, June 15th. Citigroup raised shares of Cloudflare from a “market outperform” rating to a “buy” rating in a report on Tuesday, July 7th. Jefferies Financial Group downgraded shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $290.00 target price on shares of Cloudflare in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.41.

Insider Buying and Selling

In other news, CEO Matthew Prince sold 52,383 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $12,953,268.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $219.11, for a total transaction of $5,618,199.51. Following the transaction, the insider directly owned 47,425 shares of the company’s stock, valued at $10,391,291.75. This represents a 35.09% decrease in their position. 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 ninety days, insiders sold 590,544 shares of company stock worth $132,719,009. 10.66% of the stock is currently owned by corporate insiders.

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.