Cloudflare, Inc. $NET Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Cloudflare, Inc. (NYSE:NET) by 30.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,938 shares of the company’s stock after purchasing an additional 3,271 shares during the period. Intech Investment Management LLC’s holdings in Cloudflare were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brown Brothers Harriman & Co. raised its position in shares of Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after acquiring an additional 56 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of Cloudflare by 5.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock worth $218,000 after acquiring an additional 57 shares in the last quarter. Certuity LLC raised its position in shares of Cloudflare by 1.8% during the 4th quarter. Certuity LLC now owns 3,156 shares of the company’s stock worth $622,000 after acquiring an additional 57 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Cloudflare by 37.4% during the 3rd quarter. Rothschild Investment LLC now owns 224 shares of the company’s stock worth $48,000 after acquiring an additional 61 shares in the last quarter. Finally, Cigna Investments Inc. New raised its position in shares of Cloudflare by 2.0% during the 4th quarter. Cigna Investments Inc. New now owns 3,062 shares of the company’s stock worth $604,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Up 0.7%

Shares of NET stock opened at $272.67 on Wednesday. The business’s 50 day moving average is $209.52 and its two-hundred day moving average is $198.92. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $274.63. The company has a market capitalization of $96.38 billion, a P/E ratio of -1,090.67 and a beta of 1.70. 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 announced 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. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.76 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 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.

Insider Transactions at Cloudflare

In related news, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $211.83, for a total value of $5,431,533.03. Following the sale, the insider directly owned 47,425 shares in the company, valued at $10,046,037.75. The trade was a 35.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $200.61, for a total value of $2,006,100.00. Following the completion of the sale, the chief financial officer owned 212,014 shares in the company, valued at approximately $42,532,128.54. This trade represents a 4.50% decrease in their ownership of the stock. 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 90 days, insiders sold 576,464 shares of company stock valued at $121,021,760. 10.89% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on NET. Scotiabank cut their target price on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 11th. Citigroup initiated coverage on Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Jefferies Financial Group initiated coverage on Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Cloudflare in a research note on Friday, May 22nd. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.68.

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.