California Public Employees Retirement System Sells 137,675 Shares of Cloudflare, Inc. $NET

California Public Employees Retirement System cut its position in Cloudflare, Inc. (NYSE:NET) by 26.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 391,272 shares of the company’s stock after selling 137,675 shares during the quarter. California Public Employees Retirement System’s holdings in Cloudflare were worth $80,735,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NET. HM Payson & Co. bought a new stake in shares of Cloudflare during the fourth quarter valued at approximately $25,000. Wiser Advisor Group LLC purchased a new stake in Cloudflare during the 3rd quarter valued at $26,000. Wexford Capital LP bought a new stake in shares of Cloudflare in the 3rd quarter worth $30,000. Brown Brothers Harriman & Co. increased its holdings in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC purchased a new position in shares of Cloudflare in the fourth quarter worth $35,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare News Roundup

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 Price Performance

NYSE NET opened at $277.84 on Monday. The business’s fifty day moving average price is $236.36 and its 200-day moving average price is $210.01. The stock has a market capitalization of $98.21 billion, a price-to-earnings ratio of -1,111.37, a PEG ratio of 283.00 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $291.00.

Cloudflare (NYSE:NET) last released its quarterly earnings results 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 firm had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. During the same period last year, the business posted $0.16 EPS. The company’s revenue for the quarter 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 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NET. Citizens Jmp reaffirmed a “market outperform” rating and set a $270.00 price target on shares of Cloudflare in a report on Monday, June 15th. TD Cowen lifted their price objective on Cloudflare from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, July 13th. KeyCorp reissued an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Finally, Scotiabank raised shares of Cloudflare from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $225.00 to $300.00 in a report on Tuesday, July 7th. One equities 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 given a Sell rating to the company’s stock. According to MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and an average price target of $253.41.

Insider Transactions at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction dated 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 directly owned 47,425 shares in the company, valued at $10,148,001.50. The trade was a 42.52% decrease in their position. 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 52,422 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total transaction of $13,057,795.98. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 590,544 shares of company stock worth $132,719,009. 10.66% of the stock is 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.