Cloudflare, Inc. $NET Shares Purchased by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lifted its stake in Cloudflare, Inc. (NYSE:NET) by 4.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 161,776 shares of the company’s stock after acquiring an additional 6,770 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Cloudflare were worth $33,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Lingotto Investment Management LLP acquired a new stake in shares of Cloudflare during the fourth quarter worth $34,626,000. Trek Financial LLC acquired a new position in shares of Cloudflare in the 4th quarter valued at $1,793,000. Jupiter Asset Management Ltd. raised its stake in Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after acquiring an additional 188,226 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Cloudflare by 25.8% in 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 last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in Cloudflare during the 4th quarter worth about $5,543,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Katrin Suder sold 293 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $252.92, for a total value of $74,105.56. Following the completion of the transaction, the director owned 37,430 shares of the company’s stock, valued at approximately $9,466,795.60. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $235.95, for a total transaction of $594,594.00. Following the transaction, the director directly owned 494,067 shares in the company, valued at approximately $116,575,108.65. The trade was a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 461,477 shares of company stock valued at $98,173,864 in the last three months. Corporate insiders own 10.66% of the company’s stock.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Several recent notes point to a potential technical rebound for Cloudflare, with a hammer chart pattern suggesting support and analysts citing rising earnings estimate revisions as a possible catalyst for a near-term reversal. Article Title
• Positive Sentiment: Cloudflare’s June 4 acquisition of VoidZero could strengthen its developer platform by bringing high-performance JavaScript tools like Vite and Vitest into its edge network, supporting the long-term growth story. Article Title
• Neutral Sentiment: Citizens maintained a constructive view on Cloudflare after Investor Day, while other recent analyst updates kept the stock in focus and helped support sentiment around its AI and security growth opportunities. Article Title
• Negative Sentiment: Insider selling has been a recurring headline, including CFO Thomas Seifert’s sale of 10,000 shares and insider Michelle Zatlyn’s larger sale, which can weigh on sentiment even though the transactions were made under pre-arranged trading plans. Article Title
• Negative Sentiment: Cloudflare is also facing governance concerns after JLens urged shareholders to withhold votes for two directors, creating a headline risk ahead of the June 30 annual meeting. Article Title

Cloudflare Trading Down 0.0%

Cloudflare stock opened at $223.97 on Friday. The firm has a market cap of $79.17 billion, a PE ratio of -895.88, a P/E/G ratio of 399.24 and a beta of 1.70. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82. The stock’s 50 day simple moving average is $217.72 and its two-hundred day simple moving average is $202.77. 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 (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Analysts anticipate that Cloudflare, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays reiterated an “overweight” rating and set a $250.00 price target on shares of Cloudflare in a research note on Monday, June 1st. Mizuho raised their price objective on Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $230.00 target price (up from $224.00) on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, Jefferies Financial Group started coverage on Cloudflare in a research report on Wednesday, April 15th. They issued a “buy” rating on the stock. Twenty-one analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $241.35.

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.