Ilmarinen Mutual Pension Insurance Co Has $7.14 Million Stake in Cloudflare, Inc. $NET

Ilmarinen Mutual Pension Insurance Co reduced its position in Cloudflare, Inc. (NYSE:NET) by 42.5% during the fourth quarter, HoldingsChannel reports. The firm owned 36,229 shares of the company’s stock after selling 26,771 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Cloudflare were worth $7,143,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH increased its holdings in shares of Cloudflare by 322.4% during the third quarter. Allianz Asset Management GmbH now owns 65,182 shares of the company’s stock valued at $13,987,000 after acquiring an additional 49,749 shares in the last quarter. National Pension Service lifted its position in shares of Cloudflare by 1.0% during the 3rd quarter. National Pension Service now owns 618,662 shares of the company’s stock worth $132,759,000 after buying an additional 5,939 shares in the last quarter. Trek Financial LLC bought a new position in shares of Cloudflare during the 4th quarter worth approximately $1,793,000. Massachusetts Financial Services Co. MA lifted its position 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 buying an additional 336,768 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Cloudflare by 275.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 37,072 shares of the company’s stock worth $7,348,000 after buying an additional 27,202 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Cloudflare stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $209.08, for a total transaction of $10,952,446.72. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 585,862 shares of company stock valued at $121,988,011 over the last quarter. 10.89% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on NET shares. UBS Group reaffirmed a “neutral” rating and issued a $220.00 price target on shares of Cloudflare in a report on Wednesday, February 11th. Wells Fargo & Company lifted their price target on shares of Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Scotiabank lowered their price target on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 11th. Stifel Nicolaus set a $260.00 price target on shares of Cloudflare in a report on Friday, May 8th. Finally, Jefferies Financial Group started coverage on shares of Cloudflare in a report on Wednesday, April 15th. They issued a “buy” rating on the stock. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.68.

Cloudflare Stock Up 9.0%

Cloudflare stock opened at $227.98 on Friday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $260.00. The firm has a market capitalization of $80.58 billion, a price-to-earnings ratio of -911.92 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. The firm has a 50 day simple moving average of $208.24 and a 200 day simple moving average of $198.67.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 $639.76 million during the quarter, compared to analyst estimates of $620.83 million. During the same period in the previous year, the business earned $0.16 EPS. Cloudflare’s revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

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.